Paytm IPO Date: Paytm, a digital payments and financial services firm, is all set to debut in the Indian markets. The company has already filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for its proposed Rs 16,600 crore IPO.
Paytm’s IPO will be the biggest IPO of state-owned Coal India since 2010. It will raise Rs 8,300 crore through fresh equity and another Rs 8,300 crore through offer-for-sale. Major investors in Paytm include China’s Alibaba and Ant Financial, which together hold 36.8 per cent. It is followed by SoftBank Vision Fund which holds 19.6 per cent. SAIF Partners holds 17.2 per cent stake in the company. Paytm founder Vijay Shekhar Sharma will sell a part of his 14.6 per cent stake.
Paytm has filed a draft prospectus with SEBI and will announce the date of the IPO after getting approval from the market regulator.
According to company documents, the investors who sold the stake were Antfin (Netherlands) Holding BV (which holds 29.6 per cent), Alibaba.com Singapore E-Commerce Pvt Ltd (7.2 per cent) and Elevation Capital V FII Holdings Ltd (0.7 per cent). Are included. Percent). In addition, Elevation Capital V Limited (which holds 0.6 percent stake), SAIF III Mauritius Company Limited (12.1 percent), SAIF Partners India IV Limited (5.1 percent), SVF Panther (Cayman) Limited (1.3 percent) and BH International Holdings ( 2.8 per cent) will also sell stake.
Ratan Tata, the Honorary Chairman of the Tata Group, holds 75,000 shares in the company through RNT Associates, which translates into around 0.5 per cent stake.
Paytm proposes to use Rs 4,300 crore to grow and strengthen the Paytm ecosystem, including acquisition of consumers and merchants and giving them greater access to technology and financial services. It also plans to earmark Rs 2,000 crore for business initiatives, acquisitions and strategic partnerships and up to 25 per cent of the total funds raised through IPOs for general corporate purposes.
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