- The largest initial public offering in the country’s history
- It is expected to raise around 18.3 billion rupees
The IPO of One97 Communications Ltd, a fintech startup that runs digital payments company Paytm, opens for investment today – November 8. This will be the largest initial public offering in the country to date. The company expects to raise around Rs 18.3 billion from this.
Paytm’s IPO will close for investment on November 10 and the company plans to go public on November 18. Paytm’s IPO will be the largest IPO ever in the country. Previously, Coal India had brought an initial public offering worth more than Rs 15,000 crore and Reliance Power Rs 11,000 crore on the market.
Paytm IPO price band
The company has kept the price band for this IPO from Rs 2,080 to Rs 2,150 per share. Depending on the price band (Paytm IPO Price Band) and lot size, the retail investor will need to order at least 6 shares. Based on the upper price band, investors will need to invest a minimum of Rs 12,900.
According to the rules, the retail investment must be requested for at least one lot. If you apply a lot in the Paytm IPO, you will have to invest Rs 12,900 for this. Paytm has decided to increase the size of its initial public offering to Rs 18,300 crore. Before it was 16.6 billion rupees.
who will sell how much participation
Company founder Vijay Shekhar Sharma will sell his stake of up to Rs 402.65 million in the OFS of Paytm IPO. At the same time, existing Paytm investors include Antfin (Netherlands) Holdings up to Rs 4,704.43 crore, Alibaba up to Rs 784.82 crore, Elevation CapitalV FII Holdings up to Rs 75.02 crore, Elevation Capital V Ltd up to Rs 64.04 crore, Siaf III Mauritius up to Rs 1,327.65 crore, Saif Partners will sell up to Rs 563.63 crore, SVF Partners up to Rs 1,689.03 crore and International Holdings up to Rs 301.77 crore.
Paytm’s IPO will be the largest IPO ever in the country. Previously, Coal India had brought an initial public offering worth more than Rs 15,000 crore and Reliance Power Rs 11,000 crore on the market. The two big IPOs that came before were in the energy sector. At the same time, the Paytm IPO will be an IPO of a company in the all-technology sector.
Significantly, IPOs are also an opportunity for ordinary investors to make money by investing in a company. Speaking of this year’s next IPO, about 60 percent of IPOs have benefited investors.