Paytm IPO share allotment status online and more; know date

Paytm IPO share allotment status online: Paytm IPO got bids for 9.14 crore equity shares. Know the Paytm IPO share allotment status date and online process.

Paytm IPO share allotment status online: Final allotment of Paytm IPO shares is expected to take place on 15 November. (REUTERS)

Paytm IPO share allotment status online: Digital payments and financial services company Paytm's initial public offering (IPO) was oversubscribed 1.89x on the last day of subscriptions dated November 10, which makes the 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. Paytm offer price of ₹2,150 apiece has been fixed for 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. Final allotment of Paytm IPO shares is expected to take place on 15 November and listing on stock exchanges NSE and BSE is expected on November 18. You can check the Paytm IPO Share Allotment status online via the BSE link.

How to check Paytm IPO Shares Allotment on BSE

1. Visit BSE official website (https://www.bseindia.com/investors/appli_check.aspx)

2. Then select Paytm IPO

3. Following that, enter your Paytm IPO application number

4. Then, you have to provide your PAN card details

5. Confirm, 'I'm not a robot'

6. Finally, click on the 'Submit' button. You will get to know the Paytm IPO allotment status

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.