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Paytm’s anchor part: 10x bids for Rs 8.3k cr


Mumbai: Paytm’s Rs 8,325-crore, record-sized anchor round closed on Wednesday after receiving bids for 10 times the amount. With this, Paytm has already secured close to 46% of its mega initial public offering (IPO). The subscriptions to Paytm’s anchor round alone beats the 8th largest IPO by a private company.
The key bidders included Blackrock (Rs 1,045 crore), CPPIB (Rs 938 crore) and GIC of Singapore (Rs 533 crore), which is the largest investment made by these funds in an Indian IPO. The anchor round included participation from top pension funds, superannuation funds as well as sovereign wealth funds from Singapore, Canada and the Middle East. Other investors included City of New York, Texas Teachers Retirement, NPS Japan, University of Texas, NTUC Pension out of Singapore, and University of Cambridge
Investors dedicated to emerging markets like Standard Life Aberdeen, UBS and RWC have also taken part in Paytm’s anchor round. The investment by the top 8 anchor investors are more than what has been invested by any fund in any Indian IPO anchor round.
Bids by 21 investors were higher than Rs 100 crore. The round saw participation from other global technology and financial funds like those of Janus Henderson. In addition, the IPO is seeing first-time participation by global tech/fintech-focused funds like Sands Capital, Alkeon, Marshall Wace, Viking, Citadel and others.

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