Driving Naari Programme launched in Chandigarh
India’s biggest initial public offer (IPO) from Paytm has got an allotment date. The Paytm IPO share allotment is likely to be done on Monday, November 15. The Paytm IPO has received decent response from investors, with the offer being subscribed 1.89 times, as per stock exchange data. One97 communications, the parent company of Paytm, has received bids for 9.14 crore shares against 4.83 crore shares offered for sale. This has been largely done on support from retail buyers, who have oversubscribed the IPO since its opening day. Non-institutional buyers have booked 24 per cent of the shares kept aside for them. The leading financial services and solutions company will is planning to raise a whopping Rs 18,300 crore from its maiden offer, which is set to be listed later this month.
The Paytm IPO had opened on November 1 and closed on November 3. To check Paytm IPO allotment status, investors can opt for one of the two ways — a) via BSE b) via registrar’s website. After the finalisation, investors who are ineligible will get refunds by November 16, while the equity shares will be credited to the demat accounts of eligible investors on the next day, November 17.
