Paytm IPO opens on November 8: Here’s all you need to know

The initial public offering (IPO) of Paytm's parent firm, One97 Communications, will open for subscription on November 8. Here is all you need to know.

Leading online mobile payments firm Paytm's initial public offering (IPO) is all set to open for subscription on November 8. With an IPO size of Rs 18,300 crore, it will be the biggest public offering in Indian history, toppling the Rs 15,000 crore raised by state-owned Coal India more than a decade ago.

The size of the IPO was recently raised from the originally planned Rs 16,600 crore to Rs 18,300 crore as existing shareholders including Alibaba’s Ant Group and SoftBank decided to sell more shares through an offer-for-sale (OFS).