Paytm is now going to bring the India's biggest IPO

Technology : Payment company Paytm is going to present India's biggest IPO. According to the draft presented by Paytm to the market regulator SEBI, it will bring an IPO of Rs 16600 crore. The company has filed DRHP with the market regulator SEBI. By size, this will be the biggest IPO ever. Before this, the IPO of Coal India came in the year 2010 and the company had raised Rs 15200 crore through it.

The size of Paytm's IPO has been decided, but its price band is yet to be decided. This can be decided before the IPO opening for subscription.

If approved by SEBI, it will be the biggest IPO ever. The parent company of Paytm is One97 Communications. Fresh equity shares of Rs 8300 crore will be issued in Paytm's IPO, while there will also be an offer for sale (OFS) of Rs 8300 crore. In which existing investors will be able to sell their shares.

Paytm is now going to bring the India's biggest IPO

The company can issue additional shares of Rs 2,000 crore. An issue of Rs 2000 crore will be considered through private placement. Let us tell you that the proposal to launch Paytm's IPO was approved by the company's board in early June last month.

Morgan Stanley India, Goldman Sachs, and Axis Capital have been appointed as Joint Global Coordinators BRLM (Book Running Lead Manager) for Paytm IPO. While ICICI Securities, JP Morgan India, Citigroup Global Markets India and HDFC Bank have been appointed as Book Running Lead Managers for the share issue.

Link Intime India has been appointed as Registrar. 75% stake in Paytm's IPO is reserved for Qualified Institutional Buyers (QIBs). In this, up to 60 percent can be kept safe for anchor investors. 15% of the net offer can be for non-institutional investors. Only 10% can be reserved for retail investors.