New Delhi: The wait for IPO of payments company Paytm is over. The country's largest IPO has opened for investment from today i.e. 8thOctober. It can be invested by November 10. Paytm parent company One97 Communication brought a IPO of Rs 18,300 crore. Earlier, state-owned coal india had IPO of 15,000 crore rupees. The price band has been fixed at Rs 2,080-2,150 for IPO of Paytm.
The issue of Paytm has been subscribed to a total of 8 per cent. 37.23 lakh equity shares have been bid against 4.83 crore shares of the company. The reserve portion for retail investors has been booked at 42 per cent. On the other hand, 51,186 equity shares are currently being bid in the reserve share for non-institutional investors HNI i.e. 1.31 crore shares are in reserve for HNI. Qualified institutional buyers have bid for 2,310 shares. There are 2.63 crore share reserves for these.
Paytm has raised Rs 8,235 crore from anchor investors. That is, out of a total of Rs.18,300 crore, 45 per cent have been raised by the company from anchor investors. People with knowledge of the matter said the reserve portion for anchor investors was oversubscribed 10 times. About 75 investors had bid. Paytm anchor investors include several bluechip investors including Blackrock, CPPIB, Birla Mutual Fund and GIC.
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