Paytm has raised Rs 82.35 billion from 122 anchor investors ahead of its Rs 183 billion initial public offering (IPO).
As per industry sources, the company issued 38,302,326 equity shares at a price of Rs 2,150 per share.
The anchor investor round saw participation from companies such as Blackrock Global Funds, Canada Pension Plan Investment Board, Aditya Birla Sun Life Trustee, Government of Singapore, Vanguard, Schroder International Selection Fund, Sands Capital Funds, Mirae Asset, Marshall Wace Investment Strategies, Fidelity, UBS, Janus Henderson, Nomura India Investment Fund, HDFC Mutual Fund, Morgan Stanley Asia (Singapore), Goldman Sachs (Singapore), among others.
With this, Paytm has already secured 45 per cent of its Rs 183 billion IPO.
The IPO will open today, November 8, 2021, and will be available for public subscription till November 10, 2021. The issue has a price band of Rs 2,080-2,150 per share, implying a valuation of around Rs 1.48 trillion.
