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Paytm IPO: Offer price fixed at Rs 2,150 apiece

Digital payments and financial services firm Paytm has fixed an offer
price of Rs 2,150 apiece for its initial share-sale.


The shares of Paytm are expected to list on bourses on November 18,
according to the final prospectus filed by the company with the
Registrar of Companies on Friday.

It had priced its shares in a price band of Rs 2,080-2,150 per share,
valuing the company at Rs 1.39 lakh crore at the upper end of the price
band.

With the Rs 18,300-crore share sale via Initial Public Offering (IPO),
Paytm IPO has become the largest fintech IPO in the Asia Pacific region.

It is also the second largest fintech IPO of 2021 globally, after
Spain-based Allfunds IPO.

paytm ipo has slow start, subscribed 18 per cent on day 1 - hindustan times

Overall, Paytm will be the fourth largest fintech stock debut, globally.


The company’s document shares a preview of the fees paid to legal
partners, book running lead managers (BRLMs) and other advisors, for its
IPO.

According to the prospectus, it will be paying its BRLMs Rs 323.9
crore, which is about 1.8 per cent of the total issue size of Rs 18,300
crore and amongst the largest ever cumulative BRLM payouts in India.

Paytm had appointed Morgan Stanley, Goldman Sachs, Axis Capital, ICICI
Securities, JP Morgan, Citi, and HDFC Bank as its BRLMs for the IPO.

Legal counsels in India and global capital markets, including Shardul
Amarchand, Latham & Watkins, Khaitan & Co, and Shearman & Sterling have
also acted under various capacities in the IPO

The IPO closed with 1.89 times subscription.

paytm ipo fully subscribed on final day of issue. gmp, other key details here

A total of 9,14,09,844 Paytm shares were bid for as opposed to the
4,83,89,422 shares available. It got total bids worth Rs 19,653 crore
vs Rs 10,065 crore of the main book.

As per data from the exchanges, Paytm’s QIB portion was oversubscribed
by 2.79 times with participation from foreign institutional investors,
domestic financial institutions(banks/ financial institutions(FIs)/
insurance companies) and mutual Funds.

See also  Dining and takeout startup Allset raises $8.25M as it adapts to life under lockdown

paytm ipo half covered on day-2 on interest from retail investors | business standard news

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