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Paytm IPO: All you need to know

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IPO of Digital payment platform Paytm opened on Monday. The company is looking to raise $2.46 billion to become the biggest IPO in India. Paytm’s IPO is the fourth by an Indian tech startup and the third since October 28, when beauty products retailer Nykaa launched its IPO. This was followed by a public offering by Policybazaar from November 1 to 3.

The price band of the Rs 18,300 crore share sale, which concludes on November 10, has been fixed at Rs 2,080-2,150 per share. Paytm parent One97 Communications has already raised Rs 8,235 crore from anchor investors ahead of its share sale.
The allotment will be finalised by November 15 and listing is expected on November 18. Eligible investors will receive shares in their Demat accounts by November 17.

According to Axis Capital, the post-issue market cap of the company will be around Rs 135,111 – 139,379 crore. The minimum bid lot size has been fixed as 6 equity shares and in multiples of 6 shares thereafter. So, retail investors can invest a minimum of Rs 12,900 for a single lot and their maximum investment would be Rs 1,93,500 for 15 lots. Up to 75 per cent of the offer is reserved for qualified institutional buyers, 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors.

There is a fresh issuance of equity shares worth Rs 8,300 crore and Rs 10,000 crore from an offer for sale (OFS) by existing shareholders. The offer will be the biggest in the country after Coal India’s IPO in 2010, which garnered Rs 15,200 crore.

Last week, Paytm raised Rs 8,235 crore from anchor investors. Global investors like BlackRock, Vanguard, and Fidelity are among the large anchor investors. Paytm has now raised 45% of the total capital it needs to raise through the IPO.

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FDA Suspends Three Dairy Units in Taloja Over Suspected Milk Adulteration

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Authorities destroy 1,494 litres of suspected adulterated milk and register a criminal case against six people following inspections in Panvel.

The Adulteration

The Food and Drug Administration (FDA) has suspended the licences of three dairy units in the Taloja industrial area of Panvel following inspections that reportedly revealed violations of food safety and hygiene standards. The action was taken against Mateshwari Foods, Sawariya Milk and Milk Products, and Royal Foods, located in Balaji Industrial Park, Taloja.

During the inspection, FDA officials destroyed 1,494 litres of suspected adulterated milk and seized curd for further examination. Samples have been sent for laboratory testing, and further action will depend on the test results. A criminal case has also been registered against six people at Taloja police station. They are accused of involvement in the production, storage and sale of adulterated food products, raising concerns about the safety of dairy products supplied to consumers.

The FDA’s action highlights the importance of maintaining proper hygiene and following food safety regulations in dairy processing units. Authorities are investigating the matter, and further steps may be taken based on the findings. The incident has also raised concerns about the quality of milk and milk products available in the market, underlining the need for regular inspections to protect public health.

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Navi Mumbai AQI Remains Above 100, Activists Demand Stronger Pollution Control

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Mahape records the city’s highest AQI at 141, while environmentalists call for stricter action and improved pollution standards.

The Demand

Air pollution continues to be a concern in Navi Mumbai, with the Air Quality Index (AQI) remaining above 100 since October 16. According to the Central Pollution Control Board’s (CPCB) National Air Quality Data Management System, the city recorded an AQI of 121 at 2.05 pm on October 19. Mahape reported the highest AQI at 141, while the monitoring station in Sector 2E, Kalamboli, recorded the lowest at 103. Other locations also registered elevated readings, including CBD Belapur (133), Koparipada-Vashi (131), Tondare-Taloja (125), Sanpada (115) and Nerul (109). PM10 and PM2.5 were among the prominent pollutants recorded in CBD Belapur.

Environmental activist BN Kumar criticised the administration’s response, stating that rising pollution levels reflected inadequate regulation of construction activities, vehicle emissions and industrial pollution. He urged residents to demand accountability and concrete measures to protect public health and the environment. Activists have also questioned the difference between India’s AQI classification and that of the United States. Under India’s system, readings between 101 and 200 are classified as ‘Moderately Polluted’. In the US, readings of 101–150 fall under ‘Unhealthy for Sensitive Groups’.

Jyoti Nadkarni, a Kharghar-based resident and environmental activist, called for India to upgrade its pollution standards and give environmental protection greater priority. The elevated AQI levels raise concerns for children, senior citizens and people with respiratory or cardiovascular conditions, who are particularly vulnerable to the effects of air pollution.

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Giant Digital Hoardings on Palm Beach Road Raise Tender Violation Concerns

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Activists question the legality of installations, citing possible tender violations, road safety risks and lack of civic permissions.

The Hoardings

Giant digital hoardings installed at prominent junctions along Palm Beach Road have sparked controversy over alleged tender violations, road safety and civic accountability. Environmental activists and advertising agencies have questioned whether the installations comply with the Navi Mumbai Municipal Corporation’s (NMMC) advertising contract.

The five-year contract awarded to M/s Ronak Advertising Agency reportedly covers 36 existing hoardings at 30 public and community toilet locations across the city. The agency is said to pay the civic body approximately Rs 2.25 crore annually. However, allegations have emerged that large digital displays have been installed at prominent Palm Beach Road junctions beyond the locations specified in the contract. Activists have demanded an investigation into the permissions granted and compliance with the tender conditions. Local MLA Manda Mhatre had earlier objected to the installation of large hoardings near traffic signals and reportedly sought cancellation of the contract.

Activists have also warned that bright, illuminated displays featuring changing advertisements could distract motorists at busy junctions and increase road safety risks. Questions have additionally been raised about structural safety inspections and compliance with applicable regulations. Environmental activist Bhaskar Machhare said a delegation of activists and advertising contractors had met the municipal commissioner to raise concerns over the allegedly unauthorised installations.

According to Machhare, the commissioner clarified that he had not granted permission for the hoardings and directed the concerned officials to take immediate action. The controversy has intensified demands for a thorough inquiry into the approval process and the role of officials responsible for regulating outdoor advertisements. The civic body’s response and any action against the disputed structures are now being closely watched.

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