Has raised Rs 8,235 crore from Anchor investors As part of an initial public offering of Rs 18,300 crore. Top sovereign wealth funds and financial investors such as CPPIB of Singapore, Canada, BlackRock, Alken Capital, Abu Dhabi Investment Authority are among those who have picked up a stake in the anchor slot of One97 Communications, the parent of the fintech major.

Fidelity, Standard Life Aberdeen, UBS and US hedge fund Janus Henderson, who recently invested in PharmEasy and an anchor investment in Nykaa, have also picked up shares. Aditya Birla Mutual Fund and other domestic mutual funds are also among 122 funds that had bid in this round, which were oversubscribed nearly 10 times, people aware of the matter said.

BlackRock, CPPIB and GIC are among the top investors in Paytm’s anchor round, which has invested over Rs 2,516 crore, according to Paytm’s filing to the BSE late Wednesday.

Typically, large investors who are allotted shares at a fixed price prior to a public offering act as the anchor as well as an indicator of the popularity of the IPO. of paytm IPO Open on 8th November and close on 10th November.

ET had earlier reported in its editions
October 7 And
October 12 Regarding the ongoing discussions between some of the foreign investors quoted above and Paytm for a slot in the anchor investment round of the Noida-based company.

Paytm, which was
Initially applied for an IPO of Rs 16,600 crore in Julyhas increased the offer size by Rs 1,700 crore to Rs 18,300 crore – the largest ever IPO in Indian corporate history. It has announced a price range of Rs 2,080 to Rs 2,150 for the IPO with a valuation target of $19.5-20 billion. With the closure of Anchor Investments, Paytm has now raised 45% of its total capital, which it intends to raise through an IPO.

Food delivery platform Zomato’s
Stellar IPO in July The platform was set for startups to tap the public markets. Now, Paytm’s listing is expected to go public and mark an equally important moment for Indian startups garnering more attention from global investors.

long term view

Last week, Paytm Chairman and Group CFO
Madhur Deora told ET. told The company was in talks with several key investors for the anchor round and it is keen to choose long-term investors with a track record. Paytm, though it is going public, will continue to pursue growth but in an ‘efficient’ manner, he said.

Paytm’s red herring prospectus (RHP) showed that its operating revenue during the June quarter of FY22 grew over 61% to Rs 890 crore as compared to Rs 551 crore in the same period a year ago.

During the same period, its losses totaled Rs 382 crore as compared to over Rs 284 crore in the same period a year ago. Paytm’s revenue is being driven by payments and financial services, which now contribute about 77% of its total revenue, according to the filing.

After the increase in the size of Paytm’s IPO, the offer for sale (OFS) component is Rs 10,000 crore, while the rest is through issuance of shares. Paytm founder Vijay Shekhar Sharma, Japan’s SoftBank, China’s Ant Group and Alibaba as well as top investors such as Elevation Capital are among the key investors to reduce their stake in Paytm.

ET too
informed of Last week that Sharma would use part of the OFS proceeds to finance his insurance deal to acquire QBE Raheja, where Zurich-based Swiss Re is also buying a 23% stake.