Paytm IPO date to be announced soon, set for mega debut
Paytm IPO Date: Paytm, a digital payments and financial services firm, is all set to debut on the Indian bourses. The company has already filed a draft red herring prospectus for its proposed Rs 16,600 crore-IPO with the Securities and Exchange Board of India (SEBI).
Paytm IPO will be the largest since the 2010 issue by state-owned Coal India. It will raise Rs 8,300 crore through fresh equity and another Rs 8,300 crore through offer-for-sale. Paytmâs large investors include Chinaâs Alibaba and Ant Financial which own a combined 36.8 per cent stake. It is followed by SoftBank Vision Fund which owns 19.6 per cent. Saif Partners owns 17.2 per cent stake in the company. Paytm founder Vijay Shekhar Sharma will sell a portion of the 14.6 per cent stake he owns.