The Rs 183 billion initial public offering (IPO) of Paytm closed on November 10, 2021, and was subscribed nearly twice the offer size. As per BSE data, the retail part was subscribed 1.7 times, the institutional part was subscribed 2.8 times and the part reserved for high net worth investors (HNIs) was subscribed just 24 per cent.
Paytm IPO is billed as the biggest in the India’s corporate history.
According to sources, some of the investors who bought Paytm shares during the anchor round, which closed on November 3, had also put in large bids during the bidding round that just-closed. Canadian Pension Plan Investment Board (CPPIB) had reportedly put in a bid worth Rs 13 billion.
In its anchor round, the company had raised Rs 82.35 billion.
In addition, global fund management majors like Blackrock, the government of Singapore, UBS and a host of other entities had picked up 38 million shares of the company at the upper end of the Rs 2080 – 2150 price band for the IPO.
