Paytm’s Rs 18,300 crore IPO subscribed 18% on Day-1

The country’s largest initial public offering (IPO) by Paytm parent One97 Communications was subscribed nearly 18 per cent at 5 pm on Monday — the first day of the issue. The digital payment major’s IPO is looking to mobilise Rs 18,300 crore. Paytm has already allotted shares worth Rs 8,235 crore to anchor investors. Singapore’s GIC, Canada Pension Plan Investment Board, BlackRock, and Abu Dhabi Investment Authority are among those that have got allotment in the anchor category.

The IPO comprises a fresh fund-raise of Rs 8,300 crore and a secondary share sale of Rs 10,000 crore. The price band for the IPO is Rs 2,080-2,150 per share. At the top-end, Paytm will be valued at Rs 1.39 trillion. Paytm had 337 million registered consumers and over 21.8 million registered merchants as of June 30, 2021.