The firm plans to list on exchanges on 18 November
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The initial public offering (IPO) of One97 Communications Ltd, which runs the Paytm payments service, will open for subscription on 8 November for subscription and close on 10 November. The firm plans to list on exchanges on 18 November.
The firm has increased size of its IPO to ₹18,300 crore from ₹16,600 crore. It comprises a fresh issue of ₹8,300 crore and an offer for sale (OFS) of up to ₹10,000 crore.
The OFS consist sale of up to ₹402.65 by Vijay Shekhar Sharma, up to ₹4,704.43 crore by Antfin (Netherlands) Holdings, up to ₹784.82 crore by Alibaba.com Singapore E-Commerce, up to ₹75.02 crore by Elevation CapitalV FII Holdings, up to ₹64.01 crore by Elevation Capital V Ltd, ₹1,327.65 crore by Saif III Mauritius, ₹563.63 crore by Saif Partners, ₹1,689.03 crore by SVF Partners and ₹301.77 crore by International Holdings.
The biggest IPO in the history of Indian capital markets so far has been that of Coal India (CIL), which raised ₹15,475 crore in 2010.
The Noida-based company, which is owned by One97 Communications Ltd, said it would use the IPO proceeds to strengthen its payment ecosystem and for new business initiatives and acquisitions.