Paytm IPO Allotment: The country’s biggest IPO Paytm issue was fully subscribed on Wednesday, the last day of opening. For its IPO of Rs 18,300 crore, 1.89 times the bids were received. The allotment of its shares will be final next week on November 15. The shares of the giant payment app Paytm can be listed on November 18. The performance of its shares before the allotment is not very encouraging in the primary market.
In the gray market, its shares are at a premium of just Rs 55 to the upper price of the price band of Rs 2080-2150 per share. The investors who have invested in this IPO, after the announcement of the allotment, can check its status on the website of Intime India and BSE, the registrar link fixed for the issue.
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Follow this strategy on the day of listing
According to analysts, unlike the recent IPOs of many companies, the interest of retail investors regarding Paytm’s IPO has been muted. According to AR Ramachandran, co-founder and trainer of Tips2Trades, this could be due to expensive valuations. Due to stiff competition in the fintech space, the prospects of strong growth in the future are looking weak, due to which investor sentiment has been tarnished. According to Ramachandran, investors who are allotted shares should book profits on the day of listing and then re-invest when there is a correction of 15-20 per cent.
Paytm’s IPO fully subscribed on the last day, foreign institutional investors showed enthusiasm
How to check allotment status through Link Intime India
- Investors can check IPO status in the section https://linkintime.co.in/MIPO/Ipoallotment.html.
- After reaching this page, select the IPO whose allotment status is to be checked. Here you have to choose Paytm.
- After this, application number or DP ID / Client ID or PAN, one of these three options will have to be selected, through whose details the allotment is to be checked.
- If Application Number is selected then choose Application Type and enter Application Number. If DP ID / Client ID is selected then select Depository and enter DPIP, Client ID. If PAN is selected then fill the PAN.
- Fill the captcha and submit.
- The information about the number of shares applied for and the number of shares allotted will be displayed on the screen.
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How to check allotment on BSE website
- Investors can check allotment status at https://www.bseindia.com/investors/appli_check.aspx.
- Select Equity and select IPO ‘Paytm’ from the drop down menu.
- Enter Application Number and PAN.
- Click on ‘I am not a Robot’.
- By clicking on the search tab, you can see the status details whether the share has been allotted to you or not.
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Timeline related to Paytm IPO
- The allotment of Paytm IPO will be final on November 15. After the allotment is finalized, its status link will be able to be checked on the website of Intime India or BSE.
- Those who have not been allotted shares, the process of refund or unblocking of funds from ASBA (Application Supported by Blocked Account) will be done on November 16.
- Investors who will be allotted its shares, it will be credited in their demat account on November 17.
(Article: Surbhi Jain)
(The stock recommendations given in the story are those of the respective research analyst and brokerage firm. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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