Paytm IPO Day 2 updates: One97 Communications-owned Paytm opened its initial public offering for subscription on November 8. This is the largest-ever public issue in the history of Indian capital markets.
The Rs 18,300-crore IPO had been subscribed 21 percent on November 9, the second day of bidding, receiving bids for 1.02 lakh equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 93 percent, while the reserved portion of non-institutional investors was subscribed 2 percent, and qualified institutional buyers have put in bids for 16.79 lakh shares against 2.63 crore shares set aside for them.
Paytm IPO Day 2 updates: One97 Communications-owned Paytm opened its initial public offering for subscription on November 8. This is the largest-ever public issue in the history of Indian capital markets.
The Rs 18,300-crore IPO had been subscribed 21 percent on November 9, the second day of bidding, receiving bids for 99.98 lakh equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 86 percent, while the reserved portion of non-institutional investors was subscribed 2 percent, and qualified institutional buyers have put in bids for 16.79 lakh shares against 2.63 crore shares set aside for them.
Harshad Chetanwala, Co-Founder of Mywealthgrowth.com: IPO investing has become the buzzword in the last one year and many investors continue to apply for most of the IPOs as they look at it more from short term listing gain perspective or fear of missing out (FOMO). Retail investors should follow a cautious approach particularly for IPO investing and if possible try to stay away from the noise. Some of these companies do offer unique propositions and have a strong business case in India.
Paytm do enjoy a significant presence in the segment. However, one has to evaluate multiple aspects like the prospect and strengths of the business, plans of promoters after IPO, utilization of capital and valuations of the IPO before deciding on their investment in IPO. Investors can consider some of these factors and then decide on which IPO may suit their profile and work for them in future.
Paytm IPO Day 2 updates: One97 Communications-owned Paytm opened its initial public offering for subscription on November 8. This is the largest-ever public issue in the history of Indian capital markets.
The Rs 18,300-crore IPO had been subscribed 20 percent on November 9, the second day of bidding, receiving bids for 95.94 lakh equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 86 percent, while the reserved portion of non-institutional investors was subscribed 2 percent, and qualified institutional buyers have put in bids for 16.78 lakh shares against 2.63 crore shares set aside for them.
Paytm IPO Day 2 updates: One97 Communications-owned Paytm opened its initial public offering for subscription on November 8. This is the largest-ever public issue in the history of Indian capital markets.
The Rs 18,300-crore IPO had been subscribed 19 percent on November 9, the second day of bidding, receiving bids for 90.09 lakh equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 80 percent, while the reserved portion of non-institutional investors was subscribed 2 percent, and qualified institutional buyers have put in bids for 16.78 lakh shares against 2.63 crore shares set aside for them.
Paytm IPO will be a big event for SoftBank: Masayoshi Son
Fintech firm Paytm’s billion-dollar share sale will be a big event for SoftBank, its large Japanese investor which has backed it across rounds, SoftBank chief Masayoshi Son said in an earnings call on November 8.
While its valuation of $20 billion makes Paytm among India’s largest internet companies, it is still less than the $25 – $30 billion expectation that was rumoured for months leading up to the initial public offering (IPO).
When asked about the supposedly lower valuation, “I believe Paytm and its valuation will grow significantly. It depends on market condition and appetite. Either way, I believe that the valuation should be bigger than the cost of what we invested,” Son said.
Most New-age Public Issues, Inlcuding Paytm IPO, Are High-risk Bets, Says Devina Mehra Of First Global
When there are no earnings at all and none expected in the immediate future, the valuation becomes all up in the air.
Paytm Payments Bank clocks all-time-high transactions, transaction values in October: Paytm Payments Bank, the third-largest UPI player saw a 34 percent MoM rise in transaction values at Rs 80,508 crore with a 10 percent market share. The company also saw a rise in the number of transactions to 63 crore for the month, commanding a 15 percent share.
Paytm IPO subscription on Day 1: One97 Communications-owned Paytm opened its initial public offering for subscription on November 8. This is the largest-ever public issue in the history of Indian capital markets.
The Rs 18,300-crore IPO had been subscribed 18 percent on November 8, the first day of bidding, receiving bids for 88.23 lakh equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 78 percent, while the reserved portion of non-institutional investors was subscribed 2 percent, and qualified institutional buyers have put in bids for 16.78 lakh shares against 2.63 crore shares set aside for them.
Good morning and welcome to the live coverage of Paytm IPO, the largest ever public issue. Bidding to start on the second day at 10 AM.
