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News In Brief Business and Economy

Paytm Files Rs. 18,300 Cr IPO

News In Brief Business and Economy

Paytm Files Rs. 18,300 Cr IPO

paytm-files-rs-18300-cr-ipo

News Synopsis

As some few weeks are left to go for its Initial Public Offering (IPO), Paytm has increased its issue size to Rs. 18,300 cr from the actual planned Rs. 16,600 cr. The increased portion will come from the offer for sale part with present shareholders, selling much of their shares. The price of the prime offering is 8,300 cr and the secondary is at Rs. 10,000 cr. The Paytm issue, which is expected to hit the market in the month of November, will lead to the shares of Paytm’s mother company being listed in the Bombay Stock Exchange and the National Stock Exchange. Even before, being listed in the market, Paytm’s offering was the highest in India. This increased offering comes amidst news that the company is aware of the fact that the demand for shares is ever-increasing and in trend. 

The company’s positive margin contribution gives an indication of the profit margin which it receives from each of its services and offers. These increments in profits come after the company suffered losses of Rs. 1,998 cr in FY19 and a profit of Rs. 362 cr in FY21. 

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