Paytm IPO: Retail portion subscribed 1.23 times

BENGALURU: The Rs 18,300-crore Initial Public Offering (IPO) of One97 Communications-owned Paytm on the second day, Tuesday, saw its retail portion oversubscribed at 123%.

This would be a big boost to the leading financial services company Paytm, as it got a muted response on the first day of the bidding.