Paytm IPO: Paytm, the country's largest e-wallet company, is bringing the largest IPO so far, which can be a big earning opportunity for investors.
Paytm IPO: Paytm, the country's largest e-wallet company, is planning to launch its biggest IPO till date. Through this IPO, the company is also bringing investors a chance to earn. Paytm is planning to raise 3 billion i.e. 22,000 crore rupees from the primary market. For this, it will come out with an IPO before September 2021. Also Read - COVID-19 vaccine slot is also available on Paytm, this way you can check
According to a Bloomberg report, the board of directors of One97 Communications, which is its parent company, will hold a meeting on May 28. After that the IPO will be stamped. Through this IPO, Paytm has targeted a valuation of 25-30 billion. Which will be between 1.80 lakh crore to 2.20 lakh crore. Also Read - Paytm Postpaid: Paytm also provides credit card facility, know how to use it
Barkshire, Hathaway, Soft Bank and ANT Sumah are the biggest investors of Paytm. Also Read - Samsung will give $ 5 million in the fight against Corona infection, Paytm will set up Oxygen plants in 13 cities
Paytm's biggest investors are Warren Fafet's company Barkshire, Hathaway, Japan's SoftBank, China's Alibaba Sumah and ANT Group. In this IPO, along with fresh shares, big bankers like Morgan Stanley are likely to be included. It is being said that Morgan Stanley is in the forefront of the race to become the lead manager. According to information received from sources, the process of IPO will start in June-July. However, this has not yet been confirmed by Paytm or these bankers.
Significantly, according to Sebi rules, whichever company comes with an IPO gets 10 per cent in the first two years. The rest has to be released for public. Whereas, in the next five years, it can be increased to 25 per cent. That is, 75% of the shares can be kept by the promoters.
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