Friday, 24 March, 2023

Paytm IPO subscribed nearly twice it's offer size

<p>Paytm&#39;s parent company One97 communications IPO closed on Wednesday. IPO&#39;s retail part was subscribed 1.7 times and the institutional part was subscribed 2.8 times. High net worth investor&#39;s reserved part was subscribed just 24%, according to BSE data. The company raised Rs 8,235 Cr in the anchor round. CPPIB, Blackrock, the government of Singapore along with others picked up 3.8 Cr shares of the company at Rs 2,080-2,150 price band.</p>