One97 Communications, the parent firm of Paytm, filed its Draft Red Herring Prospectus (DRHP) on July 16 with the market regulator Securities and Exchange Board of India (Sebi), for an aggregate offer size of Rs 16,600 crore through an initial public offering (IPO).
The company’s market debut is touted to be the biggest-ever in India, where it will raise Rs 8,300 crore through fresh issue of shares and Rs 8,300 crore through an offer for sale (OFS). Paytm’s existing shareholders including Vijay Shekhar Sharma will be selling their shares in the IPO.
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