Paytm gears up for mega IPO, files DRHP for Rs 16,600 crore issue

New Delhi: One97 Communications, the mother or father firm of digital funds platform Paytm, filed its draft purple herring prospectus (DRHP) with market watchdog SEBI on Friday.

The Softbank-backed firm is seeking to increase Rs 16,600 crore through its major float. The corporate will situation recent shares price Rs 8,300 crore with a face worth of Re 1 every, whereas the present shareholders will offload their stake price one other Rs 8,300 crore.

The corporate has talked about itself as a professionally-managed entity with no identifiable promoter. At this situation dimension, it could be the most important situation of the nation.

Current traders, together with founder and CEO Vijay Shekhar Sharma, Antfin (Netherlands) Holdings, Singapore Pvt Ltd, Elevation Capital, Saif Companions India and Berkshire Hathaway will promote their stakes within the guide constructing course of.

The Noida-based firm mentioned it could use the IPO proceeds to strengthen its cost ecosystem and for brand new enterprise initiatives and acquisitions. 75 per cent of the online provide has been reserved for certified institutional patrons (QIBs). The corporate could allocate as much as 60 per cent QIB portion to anchor traders.

Altogether 15 per cent of the online provide shall be out there for allocation on a proportionate foundation to non-institutional traders (NIIs) and the remaining 10 per cent shall be out there for allocation to retail particular person bidders.

The corporate has additionally reserved a portion for eligible staff of the corporate. Nonetheless, particulars haven’t been disclosed within the DRHP.

Shares of Paytm have been on a roll not too long ago within the unlisted market. The adjusted worth after stock-split has surged to Rs 2,500-2600 from Rs 950-1,000 within the unlisted market since Could 2021. Nonetheless, all of the pre-IPO fairness has a lock-in interval of 1 12 months.

Morgan Stanley India Firm, Goldman Sachs (India) Securities, Axis Capital are the joint international coordinators and BRLMs for the difficulty. ICICI Securities, JP Morgan India, Citigroup International Markets India and HDFC Financial institution have been appointed because the BRLMs of the difficulty.

Hyperlink Intime India has been appointed because the registrar for the difficulty.


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