INSUBCONTINENT EXCLUSIVE:
Paytm's much waited for IPO is all set to be launched on November 8, 2021Paytm's preliminary public deal (IPO) is all set to be launched on
Monday, November 8, 2021 and deserves Rs 18,300 crore, promoted to be the greatest ever in India.Paytm's moms and dad business One97
Communications is going to introduce the IPO.Let us take a look at a few of the crucial information of Paytm's IPO: Opening and close dates:
The Paytm initial public deal will open for subscription on Monday, November 8 and close on Wednesday, November 10
Interested financiers can bid in the great deal of six equity shares and multiples
At the upper rate band, investors will have to pay Rs 12,900 to get a single great deal of One97 Communications.IPO Price: The moms and dad
company has actually repaired the rate band at Rs 2,080 to Rs 2,150 per equity share for Paytm's upcoming IPO
At upper rate band, Paytm will raise Rs 18,300 crore.Issue Size: The IPO consists of issuance of fresh equity shares worth Rs 8,300 crore
and sell (OFS) by existing investors worth Rs 10,000 crore.Apart from Paytm's managing director and CEO Vijay Shekhar Sharma, financiers
like Japan's SoftBank, China's Ant Group and Alibaba as well as Elevation Capital are among the leading financiers diluting their shares in
the company.Mr Sharma will offer 18.73 lakh shares valued at approximately Rs 402.70 crore.Quota Split: Retail financiers' quota has been
repaired at 10 per cent of the net offer
Certified institutional purchasers' (QIBs) quota is repaired at 75 per cent while non-institutional financiers' (NIIs) quota has actually
been fixed at 15 per cent
Paytm is going to make use of the returns from the IPO for different activities like acquisition of customers and merchants and providing
them with greater access to technology and monetary services
It will also invest in new company ventures, partnerships and acquisitions, while the staying funds will be utilized for other corporate
