3 years, 1 month ago
Paytm looks to target price band of ₹2,080-2,150 for 8 November IPO
Live MintOne97 Communications Ltd, which operates Paytm, has set a price band of ₹2,080 to ₹2,150 for its initial public offering, at a valuation of $20 billion, the company said in a regulatory filing on Wednesday. Almost 75% of the issue worth ₹13,725 crore is reserved for qualified institutional buyers, with 10% of the issue worth ₹1,830 crore reserved for retail buyers, the BSE filing showed. One97 Communications Ltd, has effectively increased its public issue size from ₹16,600 crore earlier to ₹18,300 crore, in what could be one of the biggest IPOs on the Indian bourses. The company plans to use ₹4,300 crore of the fresh issue to grow its business lines and acquire new merchants and customers, according to its draft share sale documents.
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History of this topic
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