The IPO is scheduled to take place in the October-December quarter this year. The company is looking at an enterprise value of over Rs 2 lakh crore for the IPO, which is likely to be discussed at its board meeting scheduled for Friday
Paytm Plans To Launch $3 Billion IPO In What Would Be India’s Largest Debut Paytm Plans To Launch $3 Billion IPO In What Would Be India’s Largest Debut If successful, Paytm s initial share sale would surpass Coal India Ltd. s offering, which raised more than Rs 15,000 crore in 2010 in the country s largest IPO so far.
The One97 board plans to meet this Friday to formally approve the IPO
Paytm, India s leading digital payments provider, is aiming to raise about Rs 21,800 crore in an initial public offering late this year, according to a person familiar with the deal, in what could be the country s largest debut ever.
Synopsis
Paytm, housed under Vijay Shekhar Sharma s One97 Communications, is targeting a valuation of around $25 billion to $30 billion from the IPO that it aims to launch around November.
If successful, the Paytm IPO would surpass Coal India Ltd.’s offering, which raised more than Rs 15,000 crore in 2010 in the country’s largest IPO so far.
Bengaluru: Paytm, India s leading digital payments provider, is planning to raise about $3 billion (about Rs 21,800 crore) in an initial public offering (IPO) in India later this year, Bloomberg reported on Wednesday, in what would be the country s largest public debut ever.
SoftBank- and Alibaba-backed Paytm, currently India’s most valued startup at $16 billion, is slated to have a board meeting on Friday where the proposal will be considered. Paytm is aiming at a valuation of $25-$30 billion, Bloomberg said in the report, citing a person familiar with the development.
Paytm, India’s leading digital payments provider, is aiming to raise about Rs 21,800 crore ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever. The startup, backed by investors including Berkshire Hathaway Inc., SoftBank Group Corp. and Ant Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally called One97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.