Paytm IPO: Price Band Set At Rs 2,080- Rs 2,150. Check Lot Size & Other Details

Almost 75 per cent of the issue worth Rs13,725 crore is reserved for qualified institutional buyers, with 10 per cent of the issue worth Rs1,830 crore reserved for retail buyers, the company noted.

New Delhi: Paytm, owned by One97 Communications Ltd, has set a price band of Rs2,080 to Rs2,150 for its initial public offering (IPO), at a valuation of $20 billion, the company said in a BSE filing on Wednesday. The company had got the approval to go ahead with the issue from markets regulator Sebi.

Here’s What Investors Should Know Of The Issue 

The IPO will open on 8 November and is expected to close on 10 November. The price band of the IPO has been fixed at Rs 2,080-2,150 per share of the face value of Rs 1 each.

Almost 75 per cent of the issue worth Rs13,725 crore is reserved for qualified institutional buyers (QIBs), with 10 per cent of the issue worth Rs1,830 crore reserved for retail buyers, the company mentioned in its filing.

The digital payments company has increased its public issue size from Rs16,600 crore earlier to Rs18,300 crore making it one of the biggest IPOs on the Indian bourses.

It comprises a fresh issue of Rs8,300 crore and an offer for sale (OFS) of up to Rs10,000 crore by existing shareholders including its founder Vijay Shekhar Sharma along with Ant Financials, Alibaba, Elevation Capital, and SAIF III Mauritius Company, Saif Partners, as per the red herring prospectus (RHP) available on the National Stock Exchange (NSE). .

The weighted average return on net worth for the last three fiscals is negative 36.9 per cent.

The shares will be listed on both BSE and NSE. Investors would have to ensure that the bank account used for bidding is linked to their permanent account number (PAN).

Investors can place bids for a minimum of six equity shares and in multiples thereafter, according to the Financial Express report.