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Below are Quote on Paytm to launch India`s biggest IPO By Mr. Yash Gupta, Equity Research Associate, Angel Broking

Paytm has filed DRHP with SEBI to raise ₹16600 crores through initial public offer (IPO), which will be the biggest IPO in India’s stock market history. In 2010 Coal India IPO was the biggest IPO in India with IPO size of ₹15200 crores and in 2008 Rpower with the IPO size of ₹11700 was the 2nd biggest IPO. Paytm parent company One97 Communication filed DRHP with SEBI today. One97 communication is a digital payment platform backed by Softbank. The company will issue fresh issues of ₹8300 crores and offer for sale of ₹8300 crores by its shareholders. Company will use proceeds from fresh issues to strengthen its payment ecosystem and for the new business. 10% of the IPO will be reserved for the retail participants.  In the unlisted market, shares of Paytm is in high demand, company share price has increased from ₹1000 before the news of IPO to ₹2500 as per the market reports. We have a positive outlook for the Paytm IPO.

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