On Thursday, Paytm said its IPO will open on November 8 for subscription in the price band of Rs 2,080-2,150 apiece, implying that the firm’s valuation stands at Rs 1.44 lakh crore-Rs 1.48 lakh crore.

The initial public offer (IPO) subscription will close on November 10. Paytm plans to raise Rs 18,300 crore from the IPO, which comprises Rs 8,300 crore from the issuance of fresh equity and Rs 10,000 crore from the offer for sale (OFS).

• Pacific Atolls Face $10 Billion Challenge from Rising Seas: World Bank
• India and China Set to Shape the Global Economy’s Future
• SarvaGram Raises Rs 565 Crore Funds Through Series D Funding Round 
• PM Modi to Receive Dominica’s Top Honor for COVID Contributions
• Small Companies Driving GPU Access in India

The OFS consists up to Rs 402.65 crore by Vijay Shekhar Sharma, up to Rs 4,704.43 crore by Antfin (Netherlands) Holdings, up to Rs 784.82 crore by Alibaba.com Singapore E-Commerce and up to Rs 75.02 crore by Elevation CapitalV FII Holdings.

Further, Elevation Capital V Ltd will offer up to Rs 64.01 crore, Saif III Mauritius Rs 1,327.65 crore, Saif Partners Rs 563.63 crore, SVF Partners Rs 1,689.03 crore and International Holdings Rs 301.77 crore, as per the IPO document.