PAYTM ropes in Goldman Sachs and JP Morgan as merchant bankers for mega IPO; Morgan Stanley, Citigroup, ICICI Securities in list too

Last month, Paytm received approval for launching its IPO to the tune of Rs22,000cr.

Jun 17, 2021 12:06 IST India Infoline News Service

Initial Public Offer, IPO
A new development has emerged in the much anticipated mega initial public offering (IPO) of digital payments giant, Paytm. It is being known that Paytm has roped in major bankers and advisors for its public offering.

A source aware of the development told Business Insider that Paytm has appointed Goldman Sachs and JP Morgan as merchant bankers for its upcoming IPO.

Another report stated that the company has also hired in Morgan Stanley and ICICI Securities for the IPO. While CitiGroup Inc is also on the list of merchant bankers and advisors.

It is said that Paytm is likely to file a draft red herring prospectus (DRHP) with market regulator SEBI in July, while the company expects to debut in November this year.

However, Paytm has not made any public comment about the above-mentioned development.

Last month, Paytm received approval for launching its IPO to the tune of Rs22,000cr.

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