- IPO price band Rs 2,080 to Rs 2,150 per share
- Half of the retail was filled in the first 3 hours
In recent months, the trend of retail investors regarding the IPO has increased. In this episode, the Paytm IPO opened on Monday (November 8). Investors will be able to apply for this IPO from today until November 10. There is enthusiasm among retail investors regarding the Paytm IPO.
The Paytm IPO is open for investment at 10 am today, in the first three hours, that is, until 1 pm, the retail stake has been filled up to 50%. In other words, this IPO is getting a good response from retail investors.
At the same time, out of the 1.31 crore shares reserved for non-institutional investors i.e. HNI, 51,186 equity shares have been offered so far. At the same time, of the 2.63 million shares reserved for qualified institutional buyers, offers have been made for 2,310 shares.
You must request at least 6 shares
The company has kept the price band for this IPO at Rs 2,080 to Rs 2,150 per share, and it has a lot size of 6 shares. Depending on the Price Bank (Paytm IPO Price Band) and lot size, the retail investor will need to order at least 6 shares. Based on the upper price band, investors will need to invest a minimum of Rs 12,900.
Retail investors can apply for a maximum of 15 lots in this IPO, for which they will have to pay Rs 193,500. According to the rules, the retail investment must be requested for at least one lot. If you apply a lot in the Paytm IPO, you will have to invest Rs 12,900 for this. Paytm has decided to increase the size of its initial public offering to Rs 18,300 crore. Before it was 16.6 billion rupees.
The largest IPO in the country
Let us tell you that the Paytm IPO will be the largest initial public offering in the country. Previously, Coal India had launched an IPO of 15 billion rupees. Company founder Vijay Shekhar Sharma will sell his stake of up to Rs 402.65 million in the OFS of Paytm IPO.
Paytm founder Vijay Shekhar Sharma says the initial public offering has been kept at a low valuation so that more and more people can participate in it. Paytm had a loss of Rs 4,212 million in fiscal 2019, Rs 2,468 million in fiscal 20, Rs 1,655 million in fiscal 21, and Rs 381 million in the June quarter of the current financial year.