One97 Communications, the father or mother of Paytm, filed its DRHP on Friday with the marketplace regulator, Securities and Exchange Board of India (Sebi), for an mixture supply dimension of Rs sixteen,600 crore by means of an Initial General public Offering (IPO).
The concern contains a fresh new concern of fairness shares of deal with price of Rs 1 every aggregating to Rs eight,three hundred crore and an Supply For Sale (OFS) by the current shareholders, aggregating to Rs eight,three hundred crore. The business also retains the choice to undertake a pre-IPO placement of Rs two,000 crore, topic to relevant approvals. If the pre-IPO placement is done, the fresh new concern dimension will be minimized to that extent.
In accordance to the DRHP, shareholders Ant Economic, Alibaba, Elevation Money V, Saif III Mauritius, Svf Panther (Cayman) and Bh Intercontinental Holdings are all looking to offload some aspect of their shares