Paytm’s IPO is likely to increase in size, with the issue likely to touch Rs 18,300 crore, sources said.

 – nixatube

Paytm’s IPO is likely to increase in size, with the issue likely to touch Rs 18,300 crore, sources said. – nixatube

Paytm’s IPO is likely to increase in size, with the issue likely to touch Rs 18,300 crore, sources said.

Paytm IPO size increased to Rs.  18,300 crore;  Alibaba's Ant, Softbank, other shareholders will sell more stakesPaytm has raised the size of its IPO to Rs. 16,600 crore to Rs. 18,300 crore.

Paytm: Paytm has raised the size of its IPO to Rs. 16,600 crore to Rs. 18,300 crore. PTI has given this information in a report quoting sources. According to the report, the increase in the size of the IPO was due to the sale of more shares by existing shareholders, including Alibaba’s Ant Financial and Softbank.

Paytm IPO: SEBI has paid Rs. Approving an IPO of Rs 16,600 crore will be the biggest primary issue in the country so far

10,000 crore shares will be sold under OFS

With this update, shares worth Rs 10,000 crore will now be sold by the company’s shareholders through an offer for sale under the issue, which means an increase of Rs 1,700 crore. At the same time, the issue of new shares has not changed. Under the issue, as before, Rs. 8,300 crore new shares will be issued. “About half of the offer for sale is with Ant Financial and the rest is with Alibaba, Elevation Capital, Softbank and other existing shareholders,” PTI quoted a source as saying. Earlier, Softbank was not among the investors selling stakes as the company revealed in its IPO draft paper.

New IPO: IPO to rain again, investors ready to take advantage of offers from 35 companies in December quarter

Paytm filed the documents in July

Paytm had Rs. Had filed documents for an IPO of Rs 16,600 crore. In which with the new shares from the shareholders of the company only Rs. Including a sales offer of Rs 8,300 crore. Paytm said the number of new shares to be issued under the offer for sale would be the same as the number of shares sold. However, now under the offer for sale, Rs. 8,300 crore instead of Rs. 10,000 crore shares will be sold.

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