Paytm raised Rs 8,235 crore ahead of IPO, raised funds from anchor investors
[ad_1]
Paytm IPO: Digital payments and financial services company Paytm raised Rs 8,235 crore from anchor investors on Wednesday ahead of its initial share sale. Paytm said in the information sent to the stock exchange that it raised funds from BlackRock, CPP Investment Board, Birla MF and other investors in the anchor investor round.
BlackRock invested Rs 1,045 crore, Canada Pension Scheme Investment Board Rs 938 crore and GIC Rs 533 crore. Let us tell you that the IPO of Paytm will open on November 8 and will close on November 10. The company had applied for an IPO of Rs 16,600 crore in July but then raised it to Rs 18,300 crore. The company has fixed a price band of Rs 2080-2150 for this.
This IPO of Rs 18,300 crore will be the largest in the country after Coal India’s IPO in 2010. The state-owned company had raised Rs 15,200 crore from the IPO.
Sapphire Foods India IPO
Apart from Paytm, the three-day IPO of Sapphire Foods India will open for subscription on November 9 and will be an offer for sale of 1,75,69,941 equity shares by the entire promoters and existing shareholders. Reports say that the IPO of Sapphire Foods is expected to fetch Rs 1,500-2,000 crore.
This IPO will open on November 10
Latent View Analytics IPO will be open for three days from November 10-12. Under this IPO of Rs 600 crore, new shares worth Rs 474 crore will be issued, while the remaining shares of Rs 126 crore will be sold by the promoters and existing shareholders of the company under the offer for sale (OFS). For face value shares of Re 1, the company has fixed a price band of Rs 190-197.
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.)
Read also:
Share Market News: These veteran investors, including Rakesh Jhunjhunwala, bought fiercely, invested in these stocks
PF Balance: Whether interest money came in PF account or not, know in minutes by these 4 ways
.
[ad_2]
