Home / Markets / IPO / Paytm IPO half covered on Day-2 on interest from retail investors

Paytm IPO half covered on Day-2 on interest from retail investors

The firm is eyeing bids worth at least Rs 5,000 cr on the final day. While most bids in any IPO come on the last day, the response so far is nevertheless subdued, said market watchers

Premium

Photo: Bloomberg

3 min read Last Updated : Nov 09 2021 | 11:37 PM IST

The initial public offering (IPO) by Paytm parent One97 Communications was subscribed nearly 48 per cent at 4 pm on Tuesday — the second day of the issue.

The company is eyeing bids worth at least Rs 5,000 crore on the final day. While most of the bids in any IPO come on the final day, the response so far is nevertheless subdued, said market watchers.

The institutional investor portion was subscribed 45 per cent, the high networth individual (HNI) portion by 4 per cent and the retail investor portion by 1.2 times per cent.

They said modest premiums in

Topics : IPO Paytm

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in