Typically, HNIs borrow at 8 to 10 per cent from NBFCs to place leveraged bets in IPOs
The beauty startup's Rs 5,300-crore IPO opens for subscription on Thursday
Paytm's IPO will be the largest market debut in India yet. It increased its IPO issue size from the earlier Rs 16,600 crore due to increased investor demand
Sources said the Falguni and Sanjay Nayar-promoted firm is looking to launch its maiden offering at valuations of more than Rs 45,000 crore ($6 billion)
Nykaa IPO: At the top-end of the band, the beauty startup will be valued at Rs 53,200 crore
The company is eyeing a valuation of $20-22 billion, sources said
The IPO comprises a fresh issue of Rs 3,750 crore, along with an offer for sale (OFS) of Rs 1959.72 crore by existing promoters and shareholders
The offer consists of Rs 300 crore fresh fund raise and Rs 900 crore secondary share sale by promoter Fino Paytech
The three-day initial share-sale will conclude on November 2
The IPO of Sapphire Foods India Ltd, which operates KFC and Pizza Hut outlets, will be entirely an offer of sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders
41 companies have raised Rs 66,974 cr via IPOs so far this year; just Rs 173 cr shy of all-time high touched in 2017
Paytm was launched in 2009 as a mobile-first digital payments platform to enable cashless payments
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If Paytm achieves its Rs 16,600 cr IPO target, it would surpass the more than Rs 15,000 cr raised by Coal India in 2013
Paytm, backed by SoftBank, Berkshire Hathaway, and Jack Ma's Ant Group, plans to raise as much as $2.2 billion from its share sale, according to its draft prospectus
The firm had been seeking a valuation of above $20 bn based on initial investor feedback, while advisers on the deal recommended a lower pricing
An analysis of some trends in other markets suggests that it could be swimming against the tide
As per the draft papers, the firm may consider raising around Rs 750 crore by way of a private placement of equity shares ahead of the IPO
As many as six companies have received capital markets regulator's go-ahead to launch initial share-sales
Some 3.03 million mandates were created through UPI, down 48.3% over last month, according to NPCI data