Paytm’s IPO Subscribed 48% On Second Day Of Issue

Paytm’s Rs18,300 crore share sale via initial public offer (IPO), the country’s biggest-ever, was subscribed 48 per cent at the end of the second day of the issue, receiving bids for 2.34 crore equity shares against offer size of 4.83 crore shares.

The shares set aside for retail investors were subscribed 100 per cent as they received 90,01,254 bids for 87,98,076 shares reserved for retail individual investors, according to data on BSE.