Paytm will bring the country’s largest IPO Paytm is set to raise Rs 21,800 crore ($ 3 billion) from the market through an IPO.
A source close to the case said that the Paytm company plans to launch an IPO around Diwali.
If it succeeds, it will be the largest Paytm IPO of the country so far. Right now this achievement is in the name of Coal India,
which raised Rs 15,000 crore from the IPO in 2010.
The IPO will be formally approved at the meeting of Paytm’s board on Friday.
the company declined to comment in this regard.
its target is to raise its market capital to $ 25 to 30 billion through this IPO.
Banks selected for Paytm’s IPO operations include Morgan Stanley, Citigroup, JP Morgan Chase & Co. Among them, Morgan Stanley’s claim is the strongest.
Its process can be speeded up by the end of June or July.
Barkshire Hathaway, Softbank and Ant Group are Paytm’s big investors.
Paytm’s big investors include Warren Buffett’s company Barkshire Hathaway,
Japan’s investment firm Softbank Group and Chinese company Alibaba Group’s Ant Group.
In this IPO, along with fresh shares, the company will issue shares through promoters and existing investors offers for sale, so that some companies can get exit.
Morgan Stanley leads the race to become the lead manager
According to sources, the bankers who will be selected for the Paytm IPO include investment backers like Morgan Stanley, Citigroup, JP Morgan.
It is being said that Morgan Stanley is in the lead in the race to become the lead manager.
Sources said that the process of this IPO can begin in June or July.
Paytm nor these investment backers have given any official statement regarding this.
let us tell you that according to the rules of market regulator SEBI, the company bringing the IPO should get 10% in the first 2 years The portion has to be released for the public,
In the next 5 years it has to be increased to 25 per cent. That is, promoters can keep a maximum of 75 percent share with them.
