‘SEBI approves ₹16,600-cr. IPO of Paytm’

October 23, 2021 04:52 am | Updated 04:52 am IST - New Delhi

Logo of Securities and Exchange Board of India (SEBI). File

Logo of Securities and Exchange Board of India (SEBI). File

Digital financial services firm Paytm has received market regulator SEBI’s approval for its ₹16,600 crore initial public offer, a source involved in the process said on Friday.

The company expects to hit the bourses by the end of this month and is planning to skip the pre-IPO share sale rounds to fast-track listing.

Paytm’s plan of shelving the pre-IPO fund raising is not related to any valuation differences, the source said on condition of anonymity.

Paytm is said to be looking at a valuation of ₹1.47-1.78 lakh crore.

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