Vijay Shekhar Sharma's Paytm eyes India's largest IPO debut in November
IPO process will eventually start in late June or July. The IPO debut will be a mix of new and existing shares to comply with the Centre's regulations of floating 10 per cent shares in two years and 25 per cent in the five years
BusinessToday.In | May 27, 2021 | Updated 15:30 IST
Paytm founder Vijay Shekhar Sharma
Vijay Shekhar Sharma led Paytm is eying India's largest initial public offering (IPO) to raise about Rs 21,800 crore as it plans to list on the country's bourses in November. Paytm's parent company One97 Communications Pvt Ltd is targeting a valuation of around $25 billion from the IPO. Paytm's IPO launch could turn out to be one of the most anticipated market debuts and is likely to coincide with the Diwali festival.