Paytm IPO price band set at Rs 2,080-2,150, subscription to open on Nov 8
The Hindu
Paytm plans to raise Rs 18,300 crore from the IPO which comprises Rs 8,300 crore from issuance of fresh equity and Rs 10,000 crore from offer for sale (OFS).
Digital firm One97 Communications, which operates under Paytm brand name, On Thursday said that its IPO will open on November 8 for subscription in the price band of Rs 2,080-2,150 apiece, which implies that the firm’s valuation stands at Rs 1.44 lakh crore-Rs 1.48 lakh crore.
The initial public offer (IPO) subscription will close on November 10.
Paytm plans to raise Rs 18,300 crore from the IPO which comprises Rs 8,300 crore from issuance of fresh equity and Rs 10,000 crore from offer for sale (OFS).
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