Paytm files DRHP for Rs 16,600-cr IPO; fresh issue size at Rs 8,300 cr

Ant Financial, Alibaba, Elevation Capital V, Saif III Mauritius, Svf Panther (Cayman) and Bh International Holdings are looking to offload some part of their shares through the OFS

One97 Communications, the parent of Paytm, filed its DRHP on Friday with the market regulator, Securities and Exchange Board of India (Sebi), for an aggregate offer size of Rs 16,600 crore via an Initial Public Offering (IPO).

The issue comprises a fresh issue of equity shares of face value of Rs 1 each aggregating to Rs 8,300 crore and an Offer For Sale (OFS) by the existing shareholders, aggregating to Rs 8,300 crore. The company also retains the option to undertake a pre-IPO placement of Rs 2,000 crore, subject to relevant approvals. If the pre-IPO placement is completed, the fresh