Not received Paytm’s IPO refund? These are a few things you should know
- Bids have been placed for 9.14 crore shares versus 4.83 crore shares available for sale.
- The shares were being offered at a price band of ₹2,080-₹2,150, seeking a valuation of $19.3-19.9 billion.
- The company will list on the stock exchange later this week on November 18.
AdvertisementThe allotment status of
The company — operated by Vijay Shekhar Sharma-led One97 Communications — had received bids for 9.14 crore shares versus 4.83 crore shares available for sale. The public issue was oversubscribed by 1.89 times.
The portion for retail investors was oversubscribed by 1.66 times, whereas the portion reserved for qualified institutional buyers (QIBs) was subscribed by 2.79 times. The portion for non institutional investors was subscribed only 24%.
The shares were being offered at a price band of ₹2,080-₹2,150, and the lot size has been set at six shares.
You can check Paytm’s allotment status through stock exchanges or the registrar’s website (Link Intime India).
All the applicants who got issued will receive the share in their demat account on the date of listing, i.e. November 18. The rest, who did not get the allotment, will receive their IPO refund on or before the end of mandate.
Usually, if an applicant gets shares allotted, s/he would get a message when shares are blocked and unblocked in their bank account. If the funds are blocked, it means a few shares have been allotted.
AdvertisementThe unblocked funds are transferred to the account. The IPO amount, which is blocked in an investor account, usually gets unblocked a day after the IPO allotment, or before the end of the validity period.
The investors — while mandating the IPO payment through UPI ID — are also given a validity period by which the funds would be transferred.
Here is the screenshot of an IPO mandate after the transaction is made through the UPI ID that has the validity period of the IPO.
Paytm’s IPO had opened for subscription from November 1 to November 3. The company will list on the stock exchange later this week on November 18.
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