Advertisement
Saturday, Dec 04, 2021
Outlook.com
Outlook.com

Paytm Shown Green Light For Rs 16,600 Crore IPO: Sources

The sources informed the news agency that the digital transactions platform expects to debut on the stock by the end of October and is planning to skip the pre-IPO share sale rounds to fast-track listing.

Paytm Shown Green Light For Rs 16,600 Crore IPO: Sources
Paytm Shown Green Light For Rs 16,600 Crore IPO: Sources
outlookindia.com
2021-10-22T19:27:16+05:30

Digital financial services firm Paytm has received market regulator Securities and Exchange Board of India (SEBI)'s approval for its Rs 16,600 crore initial public offering, a source involved in the process told news agency PTI. 

"Sebi has given approval for Paytm IPO," the source said on condition of anonymity.

The source informed the news agency that the digital transactions platform expects to debut on the stock market by the end of October and is planning to skip the pre-IPO share sale rounds to fast-track listing. The decision to shelve the pre-IPO raise is not on account of any valuation differences, the source stated. 

Paytm is expecting a valuation between Rs 1.47- 1.78 lakh crore. 

US-based valuation expert Aswath Damodaran, who is a professor specialising in finance at the Stern School of Business at New York University, has valued the unlisted shares of the firm at Rs 2,950 apiece.

(With inputs from PTI)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Shaheen Bagh, CAA, Farmers’ Protest: Hip-Hop Is The Voice Of Dissent In India

Shaheen Bagh, CAA, Farmers’ Protest: Hip-Hop Is The Voice Of Dissent In India

Young, brash and little-known artistes are using hip-hop as an outlet to speak up and speak out.

World Disability Day: Visually Impaired Girls In Himachal Use Education To Dispel Darkness

World Disability Day: Visually Impaired Girls In Himachal Use Education To Dispel Darkness

Umang Foundation in Himachal Pradesh has helped many blind and visually impaired persons achieve their dreams by giving them access to higher education.

Mayank Notches Maiden 100 Vs NZ – Statistical Highlights

Mayank Notches Maiden 100 Vs NZ – Statistical Highlights

Mayank Agarwal's ton against New Zealand on Friday was his first since his 243 vs Bangladesh in 2019 at Indore.

Kashmir: Ghulam Nabi Azad Emerges As Key Player In J&K With Or Without Congress

Kashmir: Ghulam Nabi Azad Emerges As Key Player In J&K With Or Without Congress

Crowds at Congress leader Ghulam Nabi Azad's recent rallies show that he will be a key player in elections in Jammu and Kashmir, when they happen.

Advertisement