Paytm IPO opens on 8 Nov. The price band is fixed at Rs2,080 - 2,150 per share. 

16 July, 2021

Update 07 Nov’21:

IPO opens tomorrow

The price band is fixed at Rs2,080 – 2,150 per share.

The IPO, which concludes on November 10, comprises issuance of fresh equity shares worth 8,300 crore and Offer for Sale (OFS) by existing shareholders to the tune of 10,000 crore.

Experts are of the opinion that given the current bull phase in the Indian stock markets, investors who are looking for some quick money can subscribe this issue to reap the benefits of listing gains.

16 July’21

PayTM filed its filed its draft red herring prospectus (DRHP) with SEBI on Friday. The company is looking to raise Rs 16,600 crore via its primary float – Fresh shares worth Rs 8,300 crore with a face value of Re 1 each, Existing shareholders – another Rs 8,300 crore.

Company says it would use to use the IPO proceeds to strengthen its payment ecosystem and for new business initiatives and acquisitions.
Should you invest ? Read here Paytm IPO : Should you invest ?
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