Paytm will soon be hiring more than 20 thousand field sales executives across the country. The salary and commission of these sales executives together will be close to 35 thousand. The company is preparing to bring an IPO of 16600 crores by October.
The company wants to hire youth and graduates as sales executives.
Digital payments and financial services company Paytm has started the process of hiring around 20,000 field sales executives across India to educate merchants about adopting the digital medium. Sources having knowledge of this matter gave this information.
According to a Paytm advertisement attached to the job, field sales executives will have the opportunity to earn Rs 35,000 and above in monthly salary and commission. The company wants to hire youth and graduates as FSEs. A source said, “Paytm has started hiring FSEs. This opportunity is for those people who have either passed 10th, 12th class or are graduate. This will help in job creation in smaller cities and towns, especially for those who have lost jobs during the pandemic.
IPO may be worth 16600 crores
Paytm intends to bring its initial public offering (IPO) of Rs 16,600 crore by October. Sources said that the company wants to bring its IPO as soon as possible. It could come by October. The company has submitted the draft documents for the IPO with the Securities and Exchange Board of India (SEBI) on July 15.
Paytm is valued at $16 billion
The proposed draft, filed by One97 Communications, put the value of Paytm at $16 billion. 4,300 crore out of the proceeds from the IPO, this company will try to strengthen the ecosystem through acquisition of consumer and merchants. Apart from this, the company will spend Rs 2,000 crore on other business initiatives and acquisitions.
10% will be reserved for retail investors
In Paytm’s IPO, 75 percent is reserved for Qualified Institutional Buyers (QIBs). In this, up to 60 percent can be kept safe for anchor investors. 15% of the net offer can be allocated to non-institutional investors. 10% can be reserved for retail investors.
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