Paytm IPO is announced today. Know More Details About Paytm IPO
Paytm IPO started today in 2021 and is worth the Rs 18300 Cr and it considered the largest in India.
As we know The initial public offering (IPO) of Paytm is scheduled to begin on Monday, November 8, 2021 and is worth Rs 18.3 billion, which is considered to be the largest in India.
Paytm’s parent company, One97 Communications, is launching an IPO.
Let’s take a look at some of the important details of Paytm IPO.
Start and end dates of Paytm IPO:
The initial public offering of Paytm will begin on Monday, November 8th and end on Wednesday, November 10th. Interested investors can bid on six stocks and multiples of fate and the highest price point, investors have to pay Rs 12,900 to get a single bundle of One97 Communications.
The parent company has set the price range for the following IPOs at Rs 2,080-2,150 per share. In the highest price group, Paytm raises 300 18300 chlores.
Issue size in Paytm IPO:
The IPO consists of the issuance of new shares equivalent to 8,300 chlores and the purchase proposal (OFS) equivalent to 10,000 chlores by existing shareholders.
In addition to the CEO and CEO of Paytms, Vijay Shekhar Sharma, Japanese investors such as SoftBank, Chinas Ant Group, Alibaba and Elevation Capital are among the main investors in diluting the shares of the company. Mr. Sharma will sell his stake for Rs. 187,300, which is equivalent to Rs. 402.7 million.
Breakdown of charges:
The proportion of individual investors is set at 10% of the net offers. Qualified Institutional Investor (QIB) share is set at 75%, Non-Institutional Investor (NII) share is set at 15%.
Paytm uses the revenue for a variety of activities, including “acquiring consumers and merchants and providing greater access to technology and financial services.”
Invest in new ventures, partnerships, and acquisitions, and the remaining funds are used for other corporate activities.