After O Tomato, now digital payments and financial services company PayTM is also active in bringing in early public offerings (IPOs). Under this, PayTM has drafted SEBI for its proposed Rs 16,600 crore IPO.
What’s on Draft Paper: According to the Draft Paper, the company has raised Rs 8,300 crore through new shares. 8,300 crore through offer for sale. The sale offer includes the sale of shares of the company’s founder Vijay Shekhar Sharma, Alibaba Group and its subsidiary Ant Financial, Elevation Capital, SIF Partners, BH International Holdings, etc.
On the other hand, JPMorgan Chase, Morgan Stanley, ICICI Securities, Goldman Sachs, Axis Capital, Citi and Booking Running Managers for HDFC Bank IPO.
LIC is rich before the IPO, making a profit of Rs 10 thousand crores in just three months
SEBI approval is required Now after the approval of SEBI, it is decided when Paytm’s IPO will come. In addition, information on how many stocks each lot has and what their prices are. Retail investors are waiting for PayTM’s IPO. Investors should be able to place bets when Paytm’s IPO arrives. In addition, the status of the PayTM listing on the stock market is clear.