Paytm IPO Opens Today: Check Dates, Price Band, Lot Size & Other Details

Initial Public Offering (IPO) of One97 Communications, which operates under brand name of Paytm, will go live for subscription today.  price band has been set at Rs 2,080-2,150 per share, implicating a valuation of around Rs 1.48 lakh crore. It will be biggest ever IPO in country, if successful, after Coal India's Rs 15,200 crore.

Rs 18,300 crore-offer will close for subscription on Wednesday, vember 10. It comprises issues of fresh equity shares worth Rs 8,300 crore and an OFS (Offer for Sale) by existing investors of around Rs 10,000 crore.

Under OFS, One97 Communications Managing Director (MD) and CEO Vijay Shekhar Sharma will sell shares worth up to Rs 402.65 crore while shareholder Antfin (Nerlands) will offlo shares worth up to Rs 4,704.43 crore.

Paytm IPO: All you need to kw

• Paytm IPO IPO date: vember 1 to vember 3
• Paytm IPO Price band: price band has been fixed at Rs  2,080-2,150 per share
• Paytm IPO lot size: An interested retail investor can bid for a minimum of a single lot (Rs 12,900) and a maximum of 15 lots (Rs 1,93,500)
• Paytm Share allotment and refund date: allotment of shares is likely to be finalised on vember 15 and refunds will be initiated on vember 16
• Paytm IPO Listing date: issue is likely to be listed on NSE and BSE on vember 18.

According to Paytm, generated funds will be used for various activities such as "acquisition of consumers and merchants and providing m with greater access to techlogy and financial services". techlogy giant will also invest in acquisitions and or corporate activities.

Recently, digital payments and financial services firm raised Rs 8,235 crore from anchor investors. anchor investor round saw participation of CPPIB, Birla MF, Blackrock, GIC and or blue-chip funds leing to 10 times oversubscription of shares. maximum was invested by Blackrock (Rs 1,045 crore), followed by Cana Pension Plan Investment Board (Rs 938 crore) and GIC (Rs 533 crore). With this, Paytm has also secured 45% of its Rs 18,300 crore IPO.