Regulator to also probe the trading pattern on listing day
Paytm has pushed up numbers with its record fund-raising
The company manufactures and assembles a wide array of products and provide end-to-end product solutions
Shares in Indian digital payments firm Paytm slid more than 27% in its stock market listing on Thursday, making it one of India's worst-performing large initial public offerings
The IPO consists of a fresh issue of equity shares aggregating up to Rs 125 crore and an OFS of Rs 890 crore
At the top end, the firm will have a Rs 3,522-cr market cap. Its earnings share for the trailing 12-month ended June 2021 stood at Rs 16.3 a share
The retail portion was subscribed by as much as 12.14 times
The institutional investor portion of the IPO was subscribed 2.8 times but nearly 80% of the bids came from overseas investors
The initial public offer of Go Fashion (India) Limited, which owns women's wear brand Go Colors, was subscribed 1.18 times within hours of opening for subscription on Wednesday
The proposals come amid a record Rs 1-trillion-plus mop-up through IPOs this year, the bulk of which came from new-age and loss-making companies
Sebi on Tuesday proposed putting a cap on IPO proceeds earmarked for making future acquisitions without identifying specific targets and monitoring funds reserved for general corporate purposes.
Go Fashion's IPO opens on Wednesday and closes on Friday
Offer consists of Rs 150 cr fresh fund raise and OFS of Rs 874 cr. Price band is Rs 635-662 a share, at the top-end, firm will have a market cap of Rs 3,522 cr
The company will be the second Indian automobile online company after CarTrade, which got listed in August
About 350 current and ex-employees will each have a net worth of at least Rs 1 crore after Paytm's $2.5 billion IPO, a source in the company told Reuters
The price band is Rs 635-662, firm will raise Rs 150 cr in fresh capital, OFS component is worth Rs 874 crore.
Droom Technology, an online marketplace for automobiles, has filed preliminary papers with capital markets regulator Sebi to raise Rs 3,000 crore through an initial share-sale
2021 IPO fees at record high of about Rs 2,000 crore
QIBs portion subscribed 3.5 times, wealthy investor portion 33.3 times; retail quota has already garnered 70x
Sapphire Foods is the largest YUM franchisee operator. The company has non-exclusive rights to operate restaurants under three of YUM's leading brands-KFC, Pizza Hut and Taco Bell