Between Nov 8 and 10, the Indian capital market will witness the biggest IPO by Paytm.
According to Moneycontrol, Paytm had increased the issue size from Rs 16,600 crores to Rs 18,300 crores.
The Red herring prospectus has been filed with the Registrar of companies.
Prior to Paytm, the biggest IPO was launched by Coal India which raised Rs 15,745 crores.
Based on the uptick in issue size, the primary component of the Paytm IPO will be worth Rs 8,300 crore.
And, the additional amount will go to the offer for sale component which stands at Rs 10,000 crore.
Around half of the offer for sale will be done by Ant Financial.
And, the balance portion will be handled by Elevation Capital, Softbank and others.
Paytm is expected to use the primary proceeds for growth.
