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Rs 18,300 crore Paytm IPO to open on November 8

Mobile payments firm Paytm is all set for its Rs 18,300 crore initial public offering, which will happen between November 8 and 10 at a price band of Rs 2,080-2,150, the company said in its Red Herring Prospectus issued on October 27.
This is touted to be India’s largest market debut, a record that was previously held by Coal India, which raised Rs 15,000 crore over a decade ago. The company which had planned a Diwali listing got delayed on its plans by over a week following a delay in approval by the Securities and Exchange Board of India (SEBI).
Paytm is currently India’s second most-valuable internet company, last valued at $16 billion when it raised a billion dollars in November 2019 led by T Rowe Price, Discovery Capital and D1 Capital.
The public offer is expected to take the company’s valuation to $20 billion. The company which was earlier planning to raise Rs 16,600 crore revised the amount to Rs 18,300 crore following an increased investor interest.
As per the document, while the fresh issue is Rs 8,300 crore the offer for sale consists of Rs 10,000 crore which includes Rs 402 crore of the aggregate amount of equity shares offered by founder Vijay Shekhar Sharma.
Others who will be selling their stakes include Ant Financials at Rs 4,704 crore, Alibaba at Rs 784 crore, and SAIF III Mauritius Company at Rs 1,327 crore. Paytm had filed it’s Draft Red Herring Prospectus (DRHP) with the market regulator in July. It will be listed on the Bombay Stock Exchange and the National Stock Exchange.
Latest News
Inter-School Cultural Cup Sees Overwhelming Participation In Navi Mumbai

Navi Mumbai Students Shine At NMMC’s Inter-School Cultural Cup.
The Competition
The Inter-School Cultural Cup, organized by the Navi Mumbai Municipal Corporation (NMMC) Sports and Cultural Department, has received an enthusiastic response from students across the city. The event aims to encourage and showcase artistic talent, featuring competitions in singing, dance, short plays, and street plays.
The preliminary rounds, held on March 7 and 8, 2025, across two zones, saw over 4,000 students from various schools participating. A total of 54 schools competed in singing, 65 in dance, 28 in short plays, and 23 in street plays. These initial rounds were conducted in a rehearsal format without elaborate costumes.
A distinguished panel of judges evaluated the performances, including music composer Rigved Deshpande for singing and dancer Priya Samarth for dance. Following the intense preliminary rounds, 20 schools have qualified for the finals in singing and dance, while 10 schools each have advanced in short plays and street plays.
The finals for short plays and street plays are scheduled for March 12, 2025, at Vishnudas Bhave Auditorium, Vashi, followed by the singing and dance finals on March 13 at the same venue.
The competition will conclude with a grand prize distribution ceremony on March 13 at 4 PM, where winners will be honored for their outstanding performances. The event continues to serve as a prestigious platform for young performers to display their artistic skills.
Latest News
Commuters Are Severely Impacted By The Severe Bus Shortage At NMMT’s Ghansoli Depot

There is a severe bus shortage at NMMT’s Ghansoli Depot, severely impacting commuters.
The Shortage
The Navi Mumbai Municipal Transport (NMMT) Ghansoli depot is facing a severe crisis, with over 50% of its fleet rendered non-operational due to poor maintenance and technical failures. The situation has led to significant inconvenience for daily commuters who rely on these services.
According to sources, out of the 114 buses in the depot’s fleet, as many as 75 are currently out of service. These buses have been grounded due to various technical issues, including engine failure, gear defects, and chassis cracks. As a result, only 39 buses are operational, of which eight are reserved for school students, leaving a mere 31 buses for public transport.
Commuters have raised concerns about the reliability and safety of the remaining operational buses, fearing mechanical failures due to inadequate maintenance. A Ghansoli resident voiced concerns about the potential risks posed by the poorly maintained buses.
NMMT General Manager Yogesh Kaduskar acknowledged the crisis and assured commuters that efforts are underway to repair and restore as many buses as possible. “We are working towards ensuring that maximum buses are repaired soon and brought on the road to serve commuters,” Kaduskar stated.
With limited buses available, passengers are struggling with overcrowding and increased waiting times. Many are urging NMMT to expedite repairs and improve fleet maintenance to restore normalcy to public transport in the region.
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On April 7, NMMC Will Host Lokshahi Din, And Citizens Are Encouraged To Submit Grievances

The Navi Mumbai Municipal Corporation (NMMC) will conduct its monthly Lokshahi Din (Democracy Day) on April 7, 2025, in line with Maharashtra government directives. The initiative allows citizens to present grievances directly to the administration for resolution.
Residents wishing to submit complaints must apply in the prescribed format in two copies by March 2, 2025, addressing their applications to the Commissioner of NMMC with “Application for Lokshahi Din” clearly marked on the front.
According to an NMMC official, only personal grievances related to a single department and a single issue will be considered. Applicants must have already approached the relevant department or authority before applying. Matters under judicial consideration, revenue or appeal-related issues, service concerns, and establishment-related complaints will not be entertained.
Applications that fail to follow the required format or lack supporting documents will be rejected. Additionally, grievances that are not personal in nature or have already received a final response will not be considered.
The prescribed application format is available free of charge at the Public Relations Department, 3rd Floor, NMMC New Headquarters, Sector 15A, near Kille Gaonthan, CBD Belapur.
Lokshahi Din serves as a crucial platform for direct citizen engagement with the administration, ensuring transparency and accountability in governance. Residents are encouraged to submit their grievances promptly to take advantage of this opportunity.
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