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Paytm IPO: All you need to know
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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Woman Found Murdered at Ulwe Lodge, Boyfriend Dies by Suicide
23-year-old woman allegedly strangled by her boyfriend at a Sector 9 lodge; police launch investigation into the incident.
The Murder
A shocking incident was reported at Happy Residency Lodge in Sector 9, Ulwe, where a 24-year-old man allegedly murdered his 23-year-old girlfriend before dying by suicide.
According to the police, the incident came to light around midnight on Wednesday. The preliminary investigation suggests that the crime may have been linked to complications in their relationship. However, the exact motive is yet to be established. The woman’s father, Satyaveer Singh Chaudhary, a resident of Sankeshwar Plaza in Ulwe, approached the police after his daughter went missing on Tuesday. The family was scheduled to travel outside the state by flight, but the woman failed to return home.
Following the complaint, Ulwe police began searching for her. A technical investigation helped them trace her location to Happy Residency Lodge in Sector 9. When police reached the lodge at around 1 am on Wednesday, they found the woman’s body inside a room. Her boyfriend, identified as Bharat Pankaj Bhardwaj, alias Gaurav, was also found dead after allegedly hanging himself.
According to the post-mortem findings, the woman was strangled to death before the man died by suicide at around 4.45 am. Police have registered a murder case against the deceased man under Section 103(1) of the Bharatiya Nyaya Sanhita. Further investigation is being conducted by the Ulwe police.
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Fake Journalist Arrested for Allegedly Cheating Four People of Rs 19 Lakh in Ulwe Flat Deal
Navi Mumbai Police arrest accused from a Lonavala hotel, he allegedly promised affordable flats in Ulwe but failed to deliver.
Cheating
Navi Mumbai Police have arrested a man accused of cheating four people of approximately Rs 19 lakh by promising to provide flats at below-market prices in Ulwe. The accused, identified as Shailendra Devprabhakar Dwivedi, was arrested from a hotel in Lonavala.
According to the police, Dwivedi allegedly posed as a journalist and claimed to be associated with a real estate development firm, Shri Guru Builders and Developers. He reportedly promised affordable flats in a building being developed at Plot No. 453 in Sector 24, Ulwe.
Using these assurances, he allegedly collected a total of Rs 19 lakh from four people but failed to provide the promised flats. Vijay Jha (42), an incense-stick businessman, lodged a complaint at the Ulwe police station on October 7. After the complaint was registered, the accused allegedly went into hiding and frequently changed locations to avoid arrest. He also reportedly circulated misleading social media posts about Navi Mumbai police personnel.
Following a technical investigation, the police traced him to a hotel in Lonavala and arrested him around midnight on Thursday. Deputy Commissioner of Police Amit Kale stated that several other serious cases, including extortion, illegal possession of weapons, assault and obstructing government officials, had previously been registered against the accused at various police stations in Navi Mumbai and Thane. Further investigation is underway.
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Cyberattack at SBI’s Navi Mumbai IT Centre, 3.75 Lakh Records Allegedly Stolen
Hackers reportedly accessed servers at the CBD Belapur facility and stole data linked to YONO 2.0 and RAAS applications; police launch investigation.
The IT Centre
A major cybersecurity breach has been reported at the State Bank of India’s (SBI) Global IT Centre in CBD Belapur, Navi Mumbai, where hackers allegedly gained unauthorised access to the bank’s servers and stole around 3.75 lakh records.
According to a police complaint, the incident took place between October 9 and October 15, 2026. The stolen data reportedly included 32 CSV files containing approximately 3.75 lakh records linked to SBI’s YONO 2.0 and RAAS applications. Additionally, two JSON files and 2,721 PDF files were allegedly accessed.
The complaint suspects the involvement of an individual or hacking group operating under the name ‘Siriusim’, along with another unidentified person. It has also been alleged that the stolen information was circulated on the dark web. SBI official Bhavesh Nehru Nikam filed a complaint at the CBD police station. Police have registered a case against unidentified persons under relevant provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act.
The police are investigating how the hackers accessed the servers, who was responsible for the breach and whether the stolen information was misused. However, the exact nature of the compromised customer data remains unclear. There is no official confirmation yet regarding the theft of bank account numbers, passwords or financial transaction details.
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