If the money raised in Paytm’s IPO is used, then investors will become rich

Paytm IPO: The IPO of Paytm’s parent company One97 Communications is going to open on Monday i.e. 8 October. The company plans to raise Rs 18,300 crore through IPO. Its price band has been kept at Rs 2080-2150 per share. If this issue of Paytm is fully subscribed, then it will be India’s biggest IPO. Earlier, the issue of Coal India was the biggest which came in 2010.

Promoters share will decrease

Opening on November 8, this IPO will close on November 10. Out of the total mobilization of Rs 18,300 crore, fresh shares worth Rs 8300 crore will be issued by the company, while an offer for sale will be made for Rs 10,000 crore. Offer for sale ie OFS, is the arrangement through which the promoters of the company get an opportunity to sell or reduce their share.

Experts believe that even if the valuation of Paytm is high for any investor in today’s date, but in future he can earn good profit from it. Along with being a major intervention in the field of digital payments in the country, Paytm is also the market leader in the mobile payment space.

so invest

Research suggests that the mobile payments sector will grow 5 times between FY 2021 and 2026 and Paytm is in a position to benefit the most. In such a situation, it can be said that investing in Paytm can prove to be a profitable deal. This is the reason why all the brokerage houses are advising to invest in it.

Paytm plans to use the money raised to add new merchants and customers. Market experts clearly believe that if the company uses the money in a planned manner, then its investors will definitely get rich.

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