Paytm IPO allotment today: Check application status online; here is how to do so | How-to

Paytm IPO allotment today: Check application status online; here is how to do so

  • Paytm IPO allotment today: Allocation set to be finalised today. Investors should keep checking the direct link on bseindia.com and linkintime.co.in.

By: HT TECH
| Updated on: Nov 15 2021, 10:29 IST
Paytm
Paytm IPO allotment today: Paytm IPO had received bids for 9.14 crore equity shares. The Paytm IPO allotment status online process has been explained inside. (REUTERS)

Paytm IPO allotment status online: The day is likely here when all those investors who have put their money into Paytm IPO will get to know whether they got lucky enough to become proud new owners of Paytm shares. The largest IPO in India. Notably, Paytm initial public offering (IPO) was oversubscribed 1.89x on the last day of subscription, which makes it the largest fintech IPO in the Asia Pacific region. According to stock market data, the initial public offering of Paytm's parent company One97 Communications Ltd got bids for 9.14 crore equity shares against the offer size of 4.83 crore shares. Digital payments and financial services company Paytm's offer price has been fixed at 2,150. Final allotment of Paytm IPO shares was expected to take place on 15 November and listing on stock exchanges NSE and BSE is expected on November 18. Investors can check Paytm IPO Share Allotment status online via the BSE link (bseindia.com) as well as the Link Intime link (linkintime.co.in).

How to check Paytm IPO Allotment status on BSE

1. First, go to the direct link of the official BSE website: (https://www.bseindia.com/investors/appli_check.aspx)

2. Pick Paytm IPO

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3. Enter your Paytm IPO application number

4. Provide your PAN details

5. Tick mark on 'I'm not a robot' box

6. Tap on 'Submit' button.

Your Paytm IPO allotment status will be revealed.

How to check Paytm IPO allotment today on Link Intime website

1. Go to the official direct link: linkintime.co.in/MIPO/Ipoallotment.html

2. Pick Paytm IPO in the drop-down menu

3. Type in your PAN

4. Tap on Search tab

Your Paytm IPO allotment status will be displayed.

In the Paytm IPO, the amount reserved for retail investors was oversubscribed 1.7x, while the portion reserved for institutional buyers was oversubscribed 2.8x. Non-institutional investors (NIIs), such as wealthy individuals and businesses, purchased around 24% of the shares allocated for them. It provides a range of services to its users spanning digital payment services and financial services. Paytm is backed by China's Ant group.

The three-day offering of Paytm, which began on November 1 and ended on November 3, had a price range of 2,080-2,150 per share.

The Paytm IPO included a new issue of equity shares worth 8,300 crore and an offer for sale (OFS) of up to 10,000 crore. Vijay Shekhar Sharma, the company's charismatic founder, sold shares valued up to 402.65 crore in the OFS, or secondary share sale.

Those investors who get lucky enough during the Paytm IPO share allotment process would be happy to know that the company's revenue is rising. Paytm revenue is up by as much as 46 per cent to 948 crore in the period Q1FY22, from 649.4 crore in Q1FY21.

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First Published Date: 15 Nov, 10:19 IST
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