India, Oct. 27 -- The much-awaited IPO of One 97 Communications, which runs the digital payments giant Paytm, will open on November 8th and close on November 10th.

The Delhi NCR based fintech startup has increased its offer size to INR 18,300 Cr, from its initial offer of INR 16,600 Cr, the fintech giant said in its red herring prospectus (RHP).

The offer would include a fresh issue of INR 8,300 Cr worth of shares and an offer for sale (OFS) of INR 10,000 Cr. The initial offer consisted of an OFS worth INR 8,300 Cr.

The company has not announced the price band as yet. However, according to market analysts, the IPO will open at a price band of INR 2,080-INR 2,150. The company is rumoured to put the valuation at around $20 Bn.

Under the...