One97 Communications, which operates under Paytm brand name, will come out with the country’s biggest initial public offer on November 8 in the price band of Rs 2,080-2,150 per share, implying a valuation of around Rs 1.48 lakh crore. The Rs 18,300-crore offer will be the biggest in the country after Coal India’s IPO in 2010 wherein it had garnered Rs 15,200 crore. In a pre-IPO conference on Thursday,  October 28, One97 Communications MD and CEO Vijay Shekhar Sharma said he has received personal messages from investors who want to invest for the first time in the country and asserted that “this is the age of India”.

The IPO — which will close for subscription on November 10 — comprises issuance of fresh equity shares worth Rs 8,300 crore and Offer for Sale (OFS) by existing shareholders to the tune of Rs 10,000 crore.

“The price band that is set at Rs 2,080 to Rs 2,150 per share implies an enterprise value of $19.3 to $19.9 billion,” Sudarshan Ramakrishna, Managing Director of Goldman Sachs India Securities said during the IPO presentation.