Paytm IPO: DRHP Filed For INR 16,600 Cr IPO
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Fintech major Paytm’s parent company One97 Communications has filed its draft red herring prospectus (DRHP) for an IPO to for raising INR 16,600 Cr. On July 12, shareholders of One97 Communications to this proposal. The offer consists of a fresh issue of INR 8,300 Cr and an Offer For Sale (OFS) worth INR 8,300 Cr. The company has 60.59 Cr equity shares outstanding at present and a total of 104 Cr authorised share capital.