This will catapult Paytm into the league of the top 10 most valued financial firms in the country. During its last round of funding, Paytm was valued at $16 billion (Rs 1.2 trillion)
One 97 Communications, owner of the country’s biggest digital payments provider Paytm, has filed the offer document for the biggest ever initial public offering (IPO) in the country.
The IPO size is estimated at Rs 16,600 crore, half of which will be a fresh fund raise by the company.
The remaining Rs 8,300 crore will be secondary share sale by founder Vijay Shekhar Sharma, China’s Ant Financial and Alibaba, private equity major SAIF Partners, SoftBank Vision Fund, and an arm of Berkshire Hathaway.
Paytm has said it might consider a pre-IPO placement of up to Rs 2,000 crore. This will
First Published: Jul 16 2021 | 11:55 PM IST