Vijay Shekhar Sharma led Paytm, held the biggest Initial Public Offering today, to raise around INR 18,300 crore. With INR 8,235 crore already raised from which is deemed to be the biggest anchor investor round in India, funding acquired through the IPO will be used to strengthen the company and acquire new customers, undertake acquisitions and forge new partnerships.
The IPO will be carried till the 10th of November, and today, on its first day, it was encouraging to see many brands come forward and express their good wishes and luck to Paytm.
EazyDiner
This online restaurant reservation app took a filmy route to wish Paytm, recreating one of Bollywood’s epic dialogues from the Amitabh Bachchan and Shashi Kapoor starrer ‘Deewar’
Other startups: Aaj mere pas bangla hai, gaadi hai, bank-balance hai, tumahre paas kya hai?@Paytm : Mere pas IPO hai. 😈
P.S: Take it ‘eazy’! 😉
May this bull run give you heaps of ‘cashback’ today💰🚀@KapilChopra72 @vijayshekhar #PayTmIPO #Paytm #paytmkaro #IndiaKaSuperApp— EazyDiner (@eazydiner) November 8, 2021
BigBasket
Grocery delivery app BigBasket wished Paytm with a basket of wishes, too which Paytm replied with a sweet big Thank you!
Dear @paytm, we wish you a basket full of luck and blessings!🛒❤️#IPO #PayTmIPO #Paytm #bigbasket #goodwishes
— bigbasket (@bigbasket_com) November 8, 2021
𝗯𝗶𝗴 thank you! 🙏🏻 https://t.co/DnVaVqlQxO
— Paytm (@Paytm) November 8, 2021
Zomato
The most wonderful and heart-warming wishes were conveyed by food delivery app Zomato.
dear @paytm, wishing you the best of luck for today!
if you need some dahi shakkar for good luck, ice cream for the stress, or some sweets for celebrations (wink wink) we are right here! 🤗
— zomato (@zomato) November 8, 2021
To which, Paytm had a happy reply.
thank you @zomato, dil khush kar diya. 😊 https://t.co/QH0809fdTM pic.twitter.com/R9ANrdskCa
— Paytm (@Paytm) November 8, 2021
Shaadi.com
Shaadi.com added to Zomato’s tweet.
When they remember things you didn’t expect them to 👉🏼👈🏼
— Shaadi.com (@ShaadiDotCom) November 8, 2021
Paytm plans to raise $2.4 billion after raising its IPO size by Rs 1700 crore to Rs18,300 crore. This is because current shareholders Alibaba, Ant Financial and Softbank want to sell more of their stakes.A part of this will be raised by Paytm through fresh issues, while the remnant will be raised through an offer for sale from the existing shareholders of the company. Of this 75% will be reserved for Qualified Institutional Buyers, 15% for non-institutional investors and the last 10%for retail investors. Almost half of the offer for sale is by Ant financial and the remaining by other investors like Alibaba, Elevation Capital and Softbank.
It was definitely heartening to see netizens and brands come forward to wish Paytm on its big day.
