Paytm operator One 97 Communications is expected to finalised its basis of allotment by November 15, as per the draft papers filed with the Sebi.
It was subscribed 1.89 times, receiving bids for 9.14 crore equity shares against IPO size of 4.83 crore equity shares during September 8-10, aided largely by qualified institutional buyers whose reserved portion saw 2.79 times subscription.
Paytm shares traded at a price of Rs 2,200 in the grey market, a 2.3 percent or Rs 50 premium over final issue price of Rs 2,150, as per the IPO Watch and IPO Central.