Paytm’s ₹18,300-cr. IPO to open on Nov.8

Paytm plans to raise Rs 18,300 crore from the IPO which comprises Rs 8,300 crore from issuance of fresh equity and Rs 10,000 crore from offer for sale (OFS).   | Photo Credit: REUTERS

The ₹18,300-crore initial public offering (IPO) by One97 Communications, the parent firm of Paytm, will open on November 8, valuing the company at close to $20 billion.

The company has fixed a price band of ₹2,080 to ₹2,150 per equity share for the offer, which will close on November 10. The IPO, the largest since 2010 when state-owned Coal India raised ₹15,475 crore, comprises issuance of fresh equity shares worth ₹8,300 crore and offer for sale by existing shareholders of ₹10,000 crore.

Paytm has increased its IPO issue size from the earlier ₹16,600 crore following increased investor demand.

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Printable version | Dec 3, 2021 11:05:18 PM |

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