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Paytm IPO: Paytm’s IPO will open on November 8, know what price band the company has kept

The country’s largest digital payment company Paytm’s Rs 18,300 crore IPO will open on November 8. There is also news of fixing the price band of the shares to be issued under the IPO. The company has increased its IPO size from Rs 16,600 to Rs 18,300 crore. A Reuters news said that Paytm’s parent company One97 Communications has fixed a price band of Rs 2080-2150 for the stock. Some media reports also said that the IPO could be launched between November 8 and 10 after Diwali.

Anchor placement may happen on November 3

According to another source, anchor placement can be done on November 3. There is huge enthusiasm among the investors regarding this mega offer of Paytm. Many big global investors are also looking ready to invest during anchor placement. Paytm’s IPO is being said to be the biggest IPO of the country till date.

10,000 crore shares to be sold under OFS

With this update, now shares worth Rs 10,000 crore will be sold by the shareholders of the company through an offer for sale under the issue, which means an increase of Rs 1700 crore. At the same time, there has been no change in the issue of new shares. Under the issue, new shares worth Rs 8,300 crore will be issued as before. “About half of the offer for sale is with Ant Financial and the rest with Alibaba, Elevation Capital, SoftBank and other existing shareholders,” PTI quoted a source as saying. Earlier, SoftBank was not among the investors selling stake as disclosed by the company in its IPO draft paper.

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Paytm had filed documents in July

Paytm had filed its documents with SEBI in July for an IPO of Rs 16,600 crore. This included the issue of new shares as well as an offer for sale of Rs 8,300 crore from the shareholders of the company. Paytm had said that the number of new shares to be issued and the number of shares sold under the offer for sale would be equal. However, now under the offer for sale, shares worth Rs 10,000 crore will be sold instead of Rs 8,300 crore.

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