Hiring Alert 2021: Paytm will Hire 20,000 Youths, Salary will be Rs 35,000.

India’s Digital Payment and Financial Service Company Paytm will hire 20,000 Field Sales Executive. These Hiring will be Done Pan India. These Executives will be Educating merchants about adopting digital medium. Paytm have already Started The Hirings.

Salary of Field Sales Executive will be around Rs 35,000

According to an Advertisement. Field Sales Executive will get Rs 35,000 Per Month. This Includes Salary and Comission. Company wants to Recruits Youths and Graduates as a Field Sales Executive. According to Source, “Paytm has Already Started Recruiting FSE(Field Sales Executive). This is the Opportunity for 10th,12th Passed or for Graduates. This will help in Creating Employments in Small Cities and Towns. It will Especially Help to Those People who have Lost there job During the Pandemic

Hiring Comes Before IPO

This Hiring of Paytm is Coming Before it’s Much awaited IPO. If we talk about IPO then it is Predicted that IPO will be of Around Rs 16,600 Crore. According to Sources Paytm wants to Bring it’s IPO as soon as possible. This can Come in the Month of October. Paytm has Filed DRHP with SEBI on 15th July 2021.

Also Read- How to Deposit Cash into Paytm Wallet. Know Step by Step Process Here

Valuation of Paytm is Around 10 Billion Dollar

In the Draft File by One97 Communications, Parent Holding Company of Paytm Valuation of paytm is Around 16 Billion Dollar. Company will Utilize the IPO amount in Following – Rs 4,300 Crore will be utilized in acquisition of Consumer and Merchants which will Strengthen the Ecosystem of Company. Other 2,000 Crore Rupees will spend on Other Business activities and Acquisition.

10% is Reserved for Retail Investors

In Paytm IPO, 75% is Reserved for Qualified Institutional Buyers (QIB). In This QIB , Maximum 60% can be reserved for Anchor Investors. 15% of Net Offer can be Allocate to Non-Institutional Investors. 10% can be Reserved for Retail Investors

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