Paytm Ipo opens today Issue size Price band and other details – Paytm Ipo: Paytm IPO to open today, know every detail from price to issue size


Summary

Many companies, including Paytm, are trying to earn income from the Indian stock market this year. These companies have done consistently good business in recent sessions.

Paytm IPO Coming Today
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Digital payments company Paytm will open its initial public offering, that is, IPO for subscription, on Monday (November 8). At the beginning of last week, five companies successfully launched their IPOs. The Paytm IPO will be open until November 10. Considering the budget of Rs 18,300 crore, it is said to be the largest IPO in the country.

According to the information, Paytm’s IPO will be open for subscription starting Monday. In this, the bidders must put money on the basis of six or multiples thereof. To take much of this IPO from Paytm’s parent company One97 Communication, a minimum investment of Rs 12,480 will need to be made.

Paytm’s IPO price band will be in the range of Rs 2080 to Rs 2150. Lot allotment will take place on November 15 and Paytm shares will be listed on the stock exchange on November 18.

The IPO seeks to raise Rs 8,300 crore through a new issue, while the offer to sell (OFS) of Rs 10,000 crore will be for existing shareholders. This is believed to be the largest initial public offering in the country. At the beginning of 2015, the IPO of Coal India took place, from which Rs 15,200 crore was raised. The company, known by the Paytm abbreviation for Pay Thru Mobile, had raised Rs 8,235 crore from anchor investors just days ago. The company has added BlackRock, Singapore-based CPPIB and Abu Dhabi-based Sovereign Wealth Funds as anchor investors.

According to the information, the company will begin underwriting starting Monday and Paytm’s giant investor ANT Financial plans to sell a stake of approximately 27.9 percent or $ 643 million. Apart from this, Paytm CEO and CEO Vijay Shekhar Sharma will sell shares worth approximately Rs 402 million.

It is worth noting that Paytm was started about 10 years ago. At that time the company was known as the Mobile Recharge Platform. However, after demonetization in the country in 2016, the Paytm company grew rapidly. After this, the company also dabbled in insurance and gold sales, movie and flight tickets and bank transactions, etc. Around 22 million merchants transact around $ 80 billion a year on Paytm. There are 337 million registered users on this platform.

Expansion

Digital payments company Paytm will open its initial public offering, that is, IPO for subscription, on Monday (November 8). At the beginning of last week, five companies successfully launched their IPOs. The Paytm IPO will be open until November 10. Considering the budget of Rs 18,300 crore, it is said to be the largest IPO in the country.


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