Financial Insights

Paytm’s INR 18,300-crore IPO gets subscribed 1.89 times on Day 3

Financial services firm Paytm’s initial public offering (IPO) got fully subscribed on the third day of bidding on Wednesday

According to available data on the BSE, Paytm IPO has been subscribed 1.89 times till now, with the qualified institutional buyers (QIBs) being subscribed 2.79 times.

A total of 9,12,99,714 Paytm shares were bid for, as against the 4,83,89,422 available shares.

On the first day of Paytm’s IPO, it secured the highest ever retail percentage subscription for IPOs with retail sizes in excess of Rs 1,000 crore.

Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) also placed their bids on 3rd day.

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