Paytm IPO subscription to open on November 8

Paytm IPO

Paytm IPO

Paytm Rs 18,300 crore preliminary public presenting (IPO) will open on November 8. The IPO of Paytm, in advance called One97 Communications, will include a clean difficulty of Rs 8,three hundred crore and a proposal on the market of Rs 10,000 crore through founder Vijay Shekhar Sharma and others. The organization has constant the rate band at Rs 2,080-2,150. The number one marketplace imparting will close on November 10 and the stocks are probably to be indexed at the BSE and NSE. 

Paytm IPO might be the most important number one marketplace problem withinside the records of India Inc, surpassing that of Coal India. Coal India had raised Rs 15,000 crore greater than a decade ago. Paytm turned in in advance making plans to raise Rs 16,600 crore, however revised the quantity to Rs 18,300 crore in wake of heightened investor interest. 

Besides Vijay Shekhar Sharma, Ant Financials, Alibaba and SAIF III Mauritius Company will offload their stake in Paytm through the number one marketplace providing. The Noida-primarily based total agency will make use of the number one proceeds for client and service provider acquisition, to spend money on new enterprise projects and for strategic partnerships, and for popular company purposes. 

One97 Communications is the figure corporation of Paytm. Founded by way of means of Vijay Shekhar Sharma in 2000, One97 Communications started its adventure as a value-delivered provider issuer and developed to come to be a web cell bills enterprise. Paytm is subsidized through China’s Alibaba and Ant Group, Japan’s SoftBank and Warren Buffett-owned Berkshire Hathaway, amongst others. 

JPMorgan Chase, Morgan Stanley, ICICI Securities, Goldman Sachs, Axis Capital, Citi and HDFC Bank are the reserving walking managers for the Paytm IPO.



KL Rahul and Rashid Khan

KL Rahul and Rashid Khan allegedly approached by Lucknow, complaint lodged by PBKS and SRH

The deadline by which all 8 IPL franchises should give the list of players that they would like to retain ahead of the mega auctions is 30th November...

IPL 2022

Retainment Player List of IPL 2022

By Tuesday evening, the official list of retainment will pour in after the selection procedure of the eight original franchises. As per the repor...

States & UTs

Maharashtra New Rule

Maharashtra Issues New Rules for the common mass dropping down

 The Maharashtra government, on Tuesday, has issued a new set of rules for everyone who would come into its territories from outside, over the ai...

Resident doctors

Resident doctors in Karnataka go on a strike from the 29th of November

The association of the Karnataka doctors on Sunday went on for a statewide strike from the 29th of November the reason for the strike being the three-...


Akhilesh Yadav

UP educational system corrupted, Akhilesh Yadav alleges

UPTET 2021 Paper was reported to have been leaked. Samajwadi Party chief, Akhilesh Yadav intimates e...

Tripura Municipal Election

BJP Leads Tripura Municipal Election Results 2021

Tripura Municipal Election Results 2021: The counting of votes for over 200 seats in the Agartala Mu...


Money Heist

Netflix to expand the universe of Money Heist

 Good news for all Money Heist fans! Netflix has now assured that though the "Heist"...

Ranveer Singh

Ranveer Singh Playing Kapil Dev in 83:Trailer Launch

The trailer of 83 is finally out after much wait and speculation. The film is based on India's w...


The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.