Bengaluru: Fintech Paytm Company Paytm Public Offering Until Rs 18,300 Crores ($ 2.47 billion) crawled towards full subscription during the last hours of the problem on Wednesday, signifying warm demand for the country’s largest stock market list.
At 0808 GMT, paytm bid of 48.3 million shares had received 55.9 million offers, in accordance with the stock exchange data.
Offer institutional investors for 1.88 times the shares are provided for them, while retail investors subscribe to 1.5 times the shares are offered.
The response is not too high standing with a very contrasting contrast with a strong demand for other start-ups such as Zomato food delivery firm and the e-commerce beauty platform of the E-commerce FSN E-commerce Ventures (NYKAA), investors taken during the publishing period and saw the Stellar market debut.
The problem of making disadvantages is over 38 times and the problem of nykaa that benefits excess subscribe almost 82 times at the end of their problem period.
Nykaa made his debut on Wednesday at a 79.4% premium with the offer price, while Zomato at the end of July was opened at a 53% premium for IPO offer prices.
India has seen the Frenzy IPO this year because investors rise in liquidity waves that have taken the domestic market to record the highest.
Dozens of companies have knocked the capital market and some everyday brands such as Oyo, Dehlivery and Policybazaar have searched for a list of stock exchanges.
Paytm, supported by the Ants Group, Softbank’s Vision Fund and Berkshire Hathaway, has given the price of the problem at Rs 2,080-2,2,150 per share, in what is expected to be a list of the largest stock markets in India, soaring through more Miner Crore IPOs than one Decade ago.
PaytM – which offers a variety of services from banking, shopping, movies and travel tickets to play games – last week said it allocated shares worth 8,235 crore to more than 100 institutional investors, including the Singapore government, Canada’s Pension Fund, Global Plan, Canada Investment Agency and the investment authority of Abu Dhabi.