BCCL
Digital payments firm Paytm has filed for a ₹16,600 crore ($2.2 billion) IPO, which will also be India’s biggest IPO so far, surpassing Coal India’s that raised ₹15,000 crore in 2010. It will be interesting to watch out for this IPO.
About ₹8,300 crore ($1.1 billion) will be through a fresh issue and the remaining 50% would be secondary issues (offer for sale) to offer exit to existing investors. Paytm is one of the biggest digital payment companies in India with offerings across several digital modes of payments like unified payments interface (UPI), credit and debit cards payments.