Paytm IPO: Coming country’s largest IPO, from November 8 to 11, invest only Rs 12480
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Paytm IPO Date: The country’s biggest IPO (Paytm IPO) is going to open tomorrow i.e. on Monday. Investors were waiting for Paytm’s IPO for a long time, so now your wait is over. You can invest in this IPO from November 8 to 11. The company is planning to raise Rs 18,300 crore through Paytm IPO.
How much will the fresh issue be?
Let us tell you that in this a fresh issue of Rs 8300 crore will be issued while shares worth Rs 10,000 crore will be sold in Offer for Sale (OFS). On Wednesday, November 3, Paytm has raised Rs 8235 crore from anchor investors.
If you are also planning to invest money in it, then before that check all its details immediately-
Paytm IPO details
- When will it be open – 8 November 2021
- When will it be closed – 10 November 2021
- What will be the price band – 2080 – Rs 2150
- Lot Size – 6 Shares
- Minimum investment – Rs 12480
- Issue Size – 18300 Crore
How is the price going in the gray market?
Talking about the gray market premium, according to market experts, there is a mixed reaction from the market. Right now the IPO of digital payments company Paytm is showing a premium of around Rs 140 in the gray market. That is, it is expected that this stock can be listed in the market above Rs 2300.
Know what the experts said?
Giving information about the IPO, Sudarshan Ramakrishna, Managing Director, Goldman Sachs India Securities said, “The price band has been fixed in the range of Rs 2,080 to Rs 2,150 per share. This means that the valuation of the company will be in the range of US$ 19.3 to US$ 19.9 billion.”
where will the money be used
According to a report, the company will use the amount raised from this IPO to increase its existing business. Apart from this, this business will also be used to add new merchants and customers.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
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