Paytm IPO Update: Cool response to Paytm’s IPO so far, only 48% subscribed till the second day

Paytm IPO Update: For the success of Fintech company Paytm’s IPO, Paytm founder Vijay Shekhar Sharma has offered prayers at Tirumala temple in Tirupati. However, his worship does not seem to be paying off yet. Because till the second day of the IPO, only 48 percent of Paytm’s IPO is subscribed. However, the quota of retail investors has been subscribed 1.22 times so far.

There are two days for the closure of Paytm’s IPO. It is believed that investors will invest in the IPO in the last two days. The IPO of One97 Communications’ Fintech company Paytm is the biggest IPO in the history of the country. Investors can invest in Paytm IPO (Intial Public Offering) from November 8 to 11. The company plans to raise Rs 18,300 crore through IPO.

How much will the fresh issue cost?
Let us tell you that in this a fresh issue of Rs 8300 crore will be issued while shares worth Rs 10,000 crore will be sold in Offer for Sale (OFS). On Wednesday, November 3, Paytm has raised Rs 8235 crore from anchor investors.

If you are also planning to invest money in it, then before that check all its details immediately-

Paytm IPO Details

When will it be open – 8 November 2021
When will it be closed – 11 November 2021
What will be the price band – 2080 – Rs 2150
Lot Size – 6 Shares
Minimum investment – Rs 12480
Issue Size – 18300 Crore

How is the price going in the gray market?

Talking about the gray market premium, according to market experts, there is a mixed reaction from the market. Right now the IPO of digital payments company Paytm is showing a premium of around Rs 140 in the gray market. That is, it is expected that this stock can be listed in the market above Rs 2300.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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