Paytm IPO allotments have been finalized and investors can check their status. There are two options available to check the application status, the first is through the BSE website and the second is through the IPO registrar’s website.
On the BSE website:
Visit the official website of BSE or Bombay Stock Exchange (https://www.bseindia.com/investors/appli_check.aspx)
‘Status of Issue Application’ page will appear
Click on the ‘Equity’ option and select PayTM from the drop-down menu
Enter your application number and PAN number
Complete the captcha (I am not a Robot) and click on submit
You will get the details of your allotment status. The status will be visible only after finalization of the share allotment.
Check Paytm IPO allotment status on the registrar’s website:
Login at Link Intime’s direct link – linkintime.co.in/MIPO/Ipoallotment.html
Select Paytm IPO
Select either one of these: Application number, Client ID, or PAN ID
In application type either ASBA or non-ASBA
Fill the captcha and enter the ‘Submit’ button.
Your Paytm allotment status will appear on your screen.
The digital payments and financial services firm and Paytm operator One 97 Communications had launched India’s biggest initial public offering of Rs 18,300 crore during November 8-10.
Also Read | Here’s how the government could tax your crypto profits
The IPO was subscribed 1.89 times with qualified institutional buyers being main supporters of the issue, with their reserved portion being subscribed 2.79 times.
Shares reserved for retail investors were subscribed 1.66 times and non-institutional investors saw 24% subscription.
In the grey market Paytm shares traded at the lowest premium since the IPO was open. Paytm shares are available in the grey market for Rs 2,180 at the premium of 1.4% over the final issue price of Rs 2,150 per share.
Also Read | Paytm may consider offering Bitcoin if India legalizes cryptocurrency
Shares will be transferred to successful investors in their demat accounts by November 17 and refunds will be issued by November 16. Paytm shares are expected to be listed on the NSE and BSE on November 18.
The Paytm IPO consists of a fresh issue of equity shares worth Rs 8,300 crore and an offer for sale (OFS) of shares worth up to Rs 10,000 crore. The company reserved 75% of the offer for QIBs, 15% for non-institutional investors, and the remaining 10% for retail investors.