Investors go crazy over Paytm's IPO, half of retail filled in 3 hours

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- Retail investors can apply for a maximum of 15 lots in this IPO and will have to pay Rs 1,93500 for this.

New delhi date. Monday, November 08, 2021

Over the last few months, the craze of retail investors for IPOs has increased. Following this, Paytm's IPO opened on Monday (November 8). Investors will be able to apply for the IPO till November 10. Retail investors are enthusiastic about the Paytm IPO.

Paytm's IPO opened for investment at 10:00 am today and in the first 3 hours, the retail share was up 50 per cent. This means that the IPO is getting a good response from retail investors.

In 3 hours, out of the 1.31 crore reserves reserved for non-institutional investors i.e. HNI, 51,186 equity shares have been bid. Of the 2.63 crore shares reserved for qualified institutional buyers, 2,310 shares have been bid.

The company has kept a price band of Rs 2,080 to Rs 2,150 per share and a lot size of 6 shares. Retail investors will have to apply for at least 6 shares depending on the price band and lot size. According to the upper price band, investors will have to invest a minimum of Rs 12,900.

Retail investors can apply for a maximum of 15 lots in this IPO and will have to pay Rs 1,93500 for this. Paytm has decided to increase the size of its IPO to Rs 18,300 crore. Earlier it was Rs 16,600 crore.

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