Opportunity to earn from Paytm, the company will bring India’s largest IPO till date

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Paytm competes with PhonePe, Google Pay, Amazon Pay and WhatsApp Pay in India.

Paytm to launch biggest ever IPO in India: Paytm, the country’s largest e-wallet company, is set to bring the country’s largest IPO (IPO) later this year.

New Delhi. Paytm, the country’s largest e-wallet company, is planning to fill its bag with an initial public offering (IPO). Through the IPO, the company is also going to give investors a chance to earn big bucks. The company is planning to raise $ 3 billion i.e. about 22 thousand crore rupees from the primary market. For this, the company will launch its IPO before September 2021. According to Bloomberg’s report, the Board of Directors of One97 Communications, the parent company of Paytm, the country’s largest payment services provider, will hold a meeting on May 28, ie tomorrow, to approve the IPO. Through this IPO, Paytm has set a target to increase its valuation from 25 to 30 billion dollars i.e. between Rs 1.80 lakh crore to Rs 2.20 lakh crore. Also read- Paytm SBI Card SELECT: Get 5% unlimited cashback on shopping through Paytm, learn card features Paytm’s top investors are Barkshire Hathaway, Softbank and Ant GroupPaytm’s top investors include Warren Buffett’s company Barkshire Hathaway, Japan’s investment firm Softbank Group and Chinese firm 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. However, neither Paytm nor these investment backers have given any official statement regarding this.
Also read- Paytm First Credit Card: Explosion of Paytm, now get 3% cashback on every transaction, learn new features of the card Let us tell you that according to the rules of the market regulator SEBI, the company bringing the IPO has to issue 10 percent share to the public in the first 2 years, while in the next 5 years it has to be increased to 25 percent. That is, promoters can keep a maximum of 75 percent share with them.




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