Industry

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

Logo of Securities and Exchange Board of India (SEBI). File   | Photo Credit: Reuters

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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Printable version | Nov 30, 2021 10:03:15 AM | https://www.thehindu.com/business/Industry/sebi-approves-16600-cr-ipo-of-paytm/article37133299.ece

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