New Delhi: Digital payment firm Paytm’s initial public offering (IPO) received a 48% subscription on day two. The share of institutional investors was subscribed at 45 per cent, the share of high net worth individuals (HNI) by 4 per cent and the share of retail investors by 1.2 times per cent.
Paytm’s IPO is two days from closing and investors can invest in this issue during those last two days. The award is expected to be announced on November 15. The listing date has been set for November 18, according to PTI.
The company will raise Rs 8,300 crore via “Fresh Issue”, while Rs 10,000 crore of shares would be sold by the company via the Offer For Sale (OFS) option. Paytm has raised Rs. 8,235 crore from its anchor investors.
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How are shares allocated in IPO?
There are two situations: the first is when the total number of successful offers is less than or equal to the number of shares offered by the company and the other scenario is when the total number of successful offers is greater than the number of shares offered. by the firm.
With IPOs attracting a large number of investors, it is important to know that in a situation where the issue is fully subscribed, investors are allocated the same number of shares for which they had offered. However, in a situation where the issue is oversubscribed, for example the IPO was oversubscribed by 20 times and the number of investors was also multiplied by 10.
In such a scenario, not all investors can be awarded at least one lot per share as stipulated by SEBI. In this case, the allocation is made by computerized drawing of lots. It should be noted that since this is an impartial and random lottery system, some investors will have the chance to get one lot each, while many others will not be awarded any shares.
How to check the status of the allocation of shares?
Bidders can check the status of the stock award either on the official registrar website or on the ESB website. The official registrar of Paytm IPO is Link Intime India Private Limited.
IPO share award status on the ESB website
Log on to the ESB direct link – bseindia.com/investors/appli_check.aspx;
Select the company;
Enter the IPO application number;
Enter the details of your PAN;
Click on “I am not a robot”; and
Click on the “Send” button.
Your IPO attribution status will become available on the computer screen or on the smartphone screen.
All investors who have subscribed can visit the Registrar Link Intime website.
IPO share allocation status on Link Intime
Connect to the Direct Link Intime web link – linkintime.co.in/MIPO/Ipoallotment.html;
Select the name of the company;
Enter the details of your PAN; and
Click on the “Search” option.
Your IPO award status will soon be available on your computer or smartphone screen.