The IPO To watch Out For: Paytm IPO

The Indian Stock market is eagerly waiting for a mega IPO action for 2021. However, Zomato IPO in July made a sytrong impact on investors, but the upcoming Paytm IPO is geting considered as one of the biggest IPOs of this year. The One 97 Communications Private Limited (Paytm) IPO is expected to raise ₹16600 Crores via IPO as per the Paytm DRHP filed on 16 July 2021.

One 97 Communications Private Limited filed DRHP for ₹16600 Crores for Paytm IPO to SEBI on 16 July 2021. The IPO comprises a fresh issue up-to ₹8300 crore and a offer for sale of existing share holders up to ₹8300 crore. Paytm is backed by SoftBank and Alibaba with $16 billion approx. The Paytm valuations is estimated around $25-$30 billion. Zomato IPO is announced on 14 July 2021. and Paytm is planning for the listing on bourses. Stay tuned for Paytm IPO details.