Almost 75% of the issue worth ₹13,725 crore is reserved for qualified institutional buyers (QIBs), with 10% of the issue worth ₹1,830 crore reserved for retail buyers, the BSE filing showed. The IPO will open on 8 November and is expected to close on 10 November, Mint reported earlier on Thursday. Paytm is now expected to increase the secondary share sale from existing investors to ₹10,000 crore as a part of the increased IPO size. The primary portion of the fresh share issue will remain unchanged at ₹8,300 crore, Mint reported on 27 October. Investment banks, including Morgan Stanley, Goldman Sachs Group, Citigroup, and ICICI Securities, are managing the share sale.

Source: Mint October 28, 2021 00:22 UTC