Fintech firm Paytm’s Rs 16,600-crore initial public offering (IPO), billed as one of the largest in India, is expected to increase the offer size by around Rs 1,000-2,000 crore, people briefed on the matter said.
The development comes at a time when Paytm’s parent One97 Communications – which houses Paytm and its fintech offshoots – is expected to receive an approval from the capital markets regulator, the Securities and Exchange Board of India (Sebi) over the next few days.
Paytm may also increase the primary component through a fresh issuance of shares, the sources added. “The move to increase the offer size has come after receiving the Sebi comments which are minor in nature. Owing to high interest in startup IPOs, the company has taken the call to increase offer size,” one of the people briefed on the matter said
Businessempire.Com 