Paytm pegs IPO at $20 bn valuation, Vijay Sharma says life to become QSQT

Paytm plans to have "100 per cent flexible" working for its employees "for good", according to Sharma

Paytm will be the most valued unicorn in the country at around $20 billion (Rs 1.48 trillion) when it launches its initial public offering on November 8. The fintech major, which was last valued at $16 billion two years ago, is seeking to raise Rs 18,300 crore in India’s largest IPO.

With this, Paytm would cross edtech player Byju’s estimated $18-billion valuation earlier this month. At the pre-IPO presentation, bankers confirmed that the enterprise value of Paytm would be in the range of $19.3 billion to $19.9 billion as the price band is set at Rs 2,080 to Rs 2,150 per