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