Mumbai: IPO RS 18,300 Crore for One97 Communication, Paytm Parent, Subscribe for almost twice the size of the offer when it is closed on Wednesday.
While the retail section subscribes 1.7 times, the institutional section subscribes to 2.8 times and the parts provided for high-value investors (HNI) subscribing to only 24%, BSE data shows.
Until Day 2 (the previous day) of the offer, the IPO subscribed to 48%.
The IPO for payment solutions activated by Pioneer technical in India will be the largest offer in India, ahead of Indian coal Rs 15,200 Crore in 2010.
IPO offer rounds for Paytm, one of the leading Indian startups, closed the same.
DAY NYKAA – Other Startup – those listed successfully on the Stock Exchange with more than RS 1 Lakh Crore.
In July, the list of Zomato was very successful, a startup which was one of the leaders in the Indian food shipping industry, has paved the way for many more to take routes for the public, said market participants.
According to the source, several investors who bought Paytm shares during the Ronde anchor, which was closed on November 3, has also made a big offer during the newly closed offer round.
One of the largest pension funds in the world, the Investment Council of the Canadian Pension Plan (CPPIB), was included in an offer worth almost 1,300 crore Rs, they said.
A spokesman Paytm said the success of a successful company from the IPO offer was proof of the story of India, the Startup Ecosystem and the Depth of the Indian Capital Market which allowed it to reach this milestone.
“Our trust in the power of Indian technology domination is proven,” said the spokesman.
“We hope to continue to struggle and encourage financial inclusions to poorly served and untrained state populations.” In the rocks, the company has collected Rs 8,235 Crore.
Besides CPPIB, the global fund management department such as Blackrock, the Government of Singapore, UBS and a number of other entities have taken 3.8 shares of crore companies at the top of the ribbon price of Rs 2,080-2,150 for IPO, A release company said.