16.1 C
Delhi
Friday, January 28, 2022

Paytm IPO: For the country’s largest IPO, Paytm has submitted papers with SEBI, plans to raise 16600 crores through issue

Paytm has today filed DRHP with SEBI for an IPO of Rs 16,600 crore, which will prove to be the largest IPO in the country.

Paytm IPO: Digital payments and financial services firm Paytm has filed a draft red herring prospectus (DRHP) with market regulator SEBI. Paytm has filed this prospectus to bring an IPO of Rs 16,600 crore. Under this public issue, equity shares worth Rs 8,300 crore will be fresh issue while shares worth Rs 8,300 crore will be issued under offer for sale (OFS). However, the price band for the Paytm IPO is yet to be decided and will be decided either at the time of filing the Red Herring Prospectus (RHP) or before the IPO opens for subscription.

Union Minister launched new products of Khadi, for the first time came ‘Use and Throw’ slipper,

Board approval was received last month

One97 Communications-owned Paytm’s proposal to launch an IPO was approved by the company’s board in early June last month. In a letter sent by Paytm to its employees and stakeholders, it was informed that the board has given approval to bring the country’s largest IPO. The company has today filed DRHP with SEBI for an IPO of Rs 16,600 crore, which will prove to be the largest IPO in the country. Morgan Stanley India Company Pvt Ltd, Goldman Sachs (India) Securities Pvt Ltd, Axis Capital, ICICI Securities, JP Morgan India Pvt and Citigroup Global Markets India Pvt Ltd are the Joint Global Coordinators and Book Running Lead Managers for the issue. The registrar for this issue is Link Intime India Pvt.

Tattva Chintan Pharma’s 500 crore IPO open for subscription, know the details related to the company from the issue here

Coal India’s biggest IPO so far

So far, the largest IPO in the country has been of the government company Coal India. In 2010, Coal India raised Rs 15,200 crore through IPO. At the same time, before this, Anil Ambani Group’s company Reliance Power had brought an IPO of 11 thousand crores. Last year SBI Payments and Cards launched an IPO of Rs 10,000 crore.

Get Business News in Hindi, latest India News in Hindi, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.

.

Business Khabar
We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.
Latest news
- Advertisement -
Related news
- Advertisement -