Mumbai: Paytm RS 8.325-Crore, the recording-sized anchor was closed on Wednesday after receiving an offer for 10 times.
With this, Paytm has been secured by almost 46% of the initial Mega Public Offering (IPO).
Subscriptions to Paytm’s anchors just beat the 8th largest IPO by private companies.
The key bidder includes Blackrock (RS 1,045 Crore), CPPIB (RS 938 Crore) and GIC from Singapore (RS 533 Crore), which is the biggest investment made by Indian funds in the Indian IPO.
Round anchors include participation from pension funds, pension funds and sovereign assessment funds from Singapore, Canada and the Middle East.
Other investors include the city of New York, Pension Teacher Texas, Japanese NPS, Texas University, NTUC Pension out of Singapore, and Cambridge University investors dedicated to emerging country markets such as standard Aberdeen, UBS and RWC have also taken part in the Paytm Anchor Round.
Investment by the top 8 anchors of investors is more than what funds have invested in the Indian IPO anchor round.
The offer by 21 investors is higher than Rs 100 Crore.
Rounds see participation from other global technology and financial funds such as Janus Henderson.
In addition, the IPO saw the first participation by Global Tech / Fintech funds that focused like Sands Capital, Alkeon, Marshall Wace, Viking, Citadel and others.
Paytm’s Anchor Part: 10x Bid for Rs 8.3k CR
