Paytm IPO’s allotment status would be announced today— here’s how you can check allotment status

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Paytm IPO’s allotment status would be announced today— here’s how you can check allotment status
Paytm
  • The lot size should be six, taking the total price to 12,900 at the upper price range.
  • Paytm is seeking a valuation of $19.3- $19.9 billion with this public issue.
  • The company’s IPO will open from November 8 to November 10.
The allotment status of Paytm’s initial public offering (IPO) will be announced tomorrow on November 15. This was India’s biggest IPO, which surpassed Coal India’s ₹15,000 crore public issue of October 2010.

One97 Communications — the parent company of digital payments giant Paytm — was selling 4.83 crore equity shares in order to raise ₹ 18,300 crore. About ₹8,300 crore was raised through fresh issues, while the remaining ₹10,000 crore was raised via offer for sale (OfS).

Conglomerates like Japan-based SoftBank and China-based Alibaba were also selling their stake in the company in this public issue.

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Paytm’s IPO was subscribed 1.89 times, as per the stock exchange. The company received bids for 9.14 crore shares compared to 4.83 crore shares up for sale.

The retail portion of Paytm’s IPO has been oversubscribed since day one, whereas the non-institutional portion was lagging behind with 24% subscription.

Paytm’s shares are being offered at a price band of ₹2,080-₹2,150, and the lot size has been set at six shares. This means one lot would cost up to ₹12,900 at the upper price band.

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Here is how to check Paytm’s IPO allotment status on stock exchange website:
  • Go to the BSE website or NSE website here.
  • On BSE, Select 'Equity' and then from the dropdown, select the IPO name.
  • Now, enter your application number and PAN.
  • Click on 'Search'.
  • Please note the details will only be available once the shares are allotted.
You can also visit the registrar website (Link Intime India) to check your application
  • Visit the registrar's website here.
  • Click on 'Select company' and click on ‘company name’.
  • Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
  • Enter the captcha and click ’submit.
Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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