They have together invested more than Rs 2,516 crore. BlackRock, CPPIB and GIC are among the top investors in Paytm’s anchor round. Paytm's anchor investors include sovereign wealth funds and financial investors such as Singapore's GIC, Canada’s CPPIB, BlackRock, Alkeon Capital and Abu Dhabi Investment Authority. What are anchor investors? They are large investors who are allotted shares at a fixed price ahead of a public offering. Paytm has now raised 45% of its total capital it needs to raise through the IPO. Global investors like BlackRock, Vanguard, and Fidelity are among the large anchor investors. Last week, Paytm raised Rs 8,235 crore from anchor investors. The offer will be the biggest in the country after Coal India's IPO in 2010, which garnered Rs 15,200 crore. Issue size: There will be fresh issuance of equity shares worth Rs 8,300 crore and Rs 10,000 crore from an offer for sale (OFS) by existing shareholders. Up to 75 percent of the offer is reserved for qualified institutional buyers, 15 percent for non-institutional investors, and the remaining 10 percent for retail investors.
So, retail investors can invest a minimum of Rs 12,900 for a single lot and their maximum investment would be Rs 1,93,500 for 15 lots. Allotment: The minimum bid lot size has been fixed as 6 equity shares and in multiples of 6 shares thereafter. According to Axis Capital, the post issue market cap of the company will be around Rs 135,111 – 139,379 crore. Eligible investors will receive shares in their demat accounts by November 17. The allotment will be finalised by November 15 and listing is expected on November 18. Paytm parent One97 Communications has already raised Rs 8,235 crore from anchor investors ahead of its share sale. Price band: The price band of the Rs 18,300 crore share sale, which concludes on November 10, has been fixed at Rs 2,080-2,150 per share. This was followed by a public offering by Policybazaar's public offering from November 1 to 3.
Paytm’s IPO will be the fourth by an Indian tech startup and the third since October 28, when beauty products retailer Nykaa launched its IPO.
Digital payment platform Paytm’s three-day IPO has opened today and the company is looking to raise $2.46 billion to become the biggest IPO in India.
0 kommentar(er)
