Paytm IPO: Country’s biggest IPO is coming next week, earn bumper by investing just Rs 12480

Paytm IPO: Next week the country’s largest IPO is going to open for subscription. If you also want to earn by investing money during this time, then know today how much money will have to be invested and from what date you can invest money. Let us tell you that Paytm is going to bring its IPO in the market soon. 18,300 crores will be raised through this IPO.

If you are also planning to invest money in it, then before that check all its details immediately-

Paytm IPO details

• When will it 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
• What is the minimum investment to be made – Rs 12480
• Issue Size – 18300 Crore

Earlier, Coal India had brought the biggest IPO
Investors were waiting for the market for a long time for the IPO of Paytm. This will be the biggest IPO of the country till date. In the year 2010, Coal India took out an IPO of Rs 15,200 crore. After this, now Paytm is such a company that is coming with such a big IPO. Paytm has said in its draft prospectus that the company plans to sell an equal number of new and existing shares. It is believed that on November 3, the company will do Anchor Placement.

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.”

Fresh shares worth Rs 8300 crore will be issued
Under the IPO, Paytm will issue fresh equity shares worth Rs 8,300 crore. At the same time, the remaining Rs 8,300 will be raised through offer-for-sale (OFS).

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.

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