Paytm IPO share allotment: Check status via BSE, Link Intime, grey market premium; stock listing on Nov 18

One97 Communications-owned Paytm, whose IPO received 1.89 times subscription, will finalise the share allotment next week on 15 November. The equity shares of Paytm are to be listed on both stock exchanges BSE and NSE likely on 18 November. Ant Group-backed Paytm closed India’s largest IPO of Rs 18,300 crore, including Rs 8,235 crore raised from institutional investors, together with the federal government of Singapore, BlackRock International Funds, Canada Pension Plan Funding Board and Abu Dhabi Funding Authority. In the primary market today, Paytm shares were quoting at a negligible premium of Rs 55 over the issue size, according to the people who deal in unlisted shares of companies.

Paytm had priced its shares in a price band of Rs 2,080-2,150 per share, valuing the company at Rs 1.39 lakh crore at the upper end of the price band. The initiation of refunds or unblocking of funds from the ASBA account will take place on 16 November 2021. The equity shares will be credited to the depository accounts of allottees on the next day. Analysts say as compared to the recent IPO listings, retail investors’ demand for the Paytm IPO has been subdued.