Paytm founder Vijay Shekhar Sharma on Thursday shared an inspirational message on Twitter and thanked those who believed in the digital payments company. Paytm IPO comprised a fresh issue of equity shares worth ₹8,300 crore and an offer for sale (OFS) of shares worth up to ₹10,000 crore. Sharma is offloading his share worth up to $53.94 million in Paytm through the IPO, along with top investor Ant Financial. The Paytm IPO is touted to be the biggest after Coal India's offer in 2010. As far as this year's biggest IPO is concerned, Zomato held the title till now with its $1.3 billion (approximately ₹9,634 crore) share issue in July.

Source: Mint November 18, 2021 05:59 UTC