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

Some brokerages like Marwadi Financial Services have sounded caution

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