Paytm IPO subscribed 18 per cent on Day-1

Paytm’s Rs 18,300-crore IPO — India’s largest public issue to date – was subscribed only 18 per cent on the first day of bidding on Monday.

The initial public offering of Paytm’s parent company, One97 Communications Ltd received bids for 88.23 lakh equity shares against the offer size of 4.83 crore shares, according to information available from stock exchanges.

The portion set aside for retail investors has been subscribed 78 per cent, while the reserved portion of non-institutional investors was subscribed 2 per cent, and qualified institutional buyers have put in bids for 16.78 lakh shares against 2.63 crore shares set aside for them.