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Paytm’s IPO will open on November 8, the company’s shares will be listed on November 18

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Paytm’s IPO will open on November 8, the company’s shares will be listed on November 18

New Delhi, Oct 27 (PTI) The initial public offering (IPO) of Paytm will open on November 8. The price range for the IPO has been kept at Rs 2,080 to Rs 2,150 per share. The IPO will close on November 10.

Sources gave this information on Wednesday.

The company has submitted documents with the Securities and Exchange Board of India. These will be ‘updated’ with the price range.

The company plans to list its shares on November 18.

Paytm has decided to increase the size of its IPO to Rs 18,300 crore. Earlier it was Rs 16,600 crore. Existing investors including Ant Financial and SoftBank, the company’s largest shareholder Alibaba Group have decided to divest their majority stake in the company.

Higher stake sale by existing shareholders will increase the size of the Offer for Sale (OFS) by Rs 1,700 crore to Rs 10,000 crore.

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