Paytm IPO subscribed 18% on Day 1

Considered the biggest IPOs in the history of Indian capital markets, payment bank Paytm has been subscribed 18 per cent on day one of its IPO. The IPO opened at a price band of Rs 2,080-Rs 2,150 with a lot size of six.

On day 1, Paytm garnered Rs 1,479 crore from retail investors.

Paytm has gone in for an IPO issue size of Rs 18,300 crore. It was opened to retail investors on Monday. The portion kept for retail individual investors was subscribed up to 78 per cent of what was offered, while qualified institutional investors (QIIs) subscribed to 6 per cent.

Non-institutional investors like corporates and individuals subscribed 2 per cent.