Net proceeds will be used towards funding the growth of Paytm ecosystem, including the acquisition of consumers and merchants
The shareholders have approved raising of Rs 12,000 crore during the IPO and sale of secondary shares will take the total amount to Rs 16,600 crore
Paytm would allow users to apply for initial share sales which would significantly increase the participation of retail users in the IPO process
Holding a stock forever is not needed. Investors must hold for long, but be invested in a stock during its sweet spot, holding beyond will not benefit
The valuation of the firm is likely to be in the range of Rs 1.78 lakh crore to Rs 2.2 lakh crore
Investment bankers and analysts consider the IPO boom to be reflective of the ongoing bull run
The board of One97 Communications’ has given its in-principle approval for Rs 22,000 crore IPO
Paytm is looking at an enterprise value of over Rs 2 lakh crore for the IPO, which is likely to be discussed at its board meeting scheduled for Friday
The report says its board may meet on May 28 to formally approve the IPO