![]() ![]() ![]() Paytm is looking at a valuation of Rs 1.47-1.78 lakh crore. Retail investors, who bought an unprecedented amount of shares in Paytm’s. The companys plan of shelving the pre-IPO raise is not related to any valuation differences. While Paytm’s shares rebounded by as much as 6.5 in early Tuesday trading, the broader gauge continued to fall. The company expects to hit the bourses by the end of this month. Revenue dipped nearly 15% to 28.02 billion rupees, according to the prospectus. Paytm has received market regulator Sebis approval for its Rs 16,600 crore initial public offer. Paytm said it had around 333 million users as of March 31.įor the year that ended on March 31, One97 Communications, which owns Paytm, posted a loss of 16.96 billion rupees - a slight improvement from the 28.42 billion rupees loss in the previous year. Paytm, one of India’s most valuable startups, is seeking to raise as much as 2.4 billion in what is shaping up to be the biggest initial public offering in the country at a valuation of 20. Paytm is also a fully licensed digital bank and has launched insurance, wealth management as well as cloud and commercial services.īut, it faces stiff competition for market share from deep-pocketed rivals such as Google Pay, Walmart's PhonePe and Facebook's WhatsApp messaging service, which allows users to send money through the app. More than a decade later, the start-up has become a ubiquitous name in India's digital payments space as millions use the service to pay for things including utility bills, groceries, recharging mobile connections and buying movie tickets. Paytm started in 2009 as a platform that allowed Indians to pay their bills and top-up their mobile plans. ![]() The Noida-headquartered company said it would use proceeds from the IPO to grow and strengthen its payments ecosystem, as well as invest in new business initiatives, acquisitions and partnerships. Paytms parent One97 Communications will come out with its initial public offering (IPO) next week on Monday, November 8 with the price band fixed at 2,080-2,150 per share, implying a. Paytm, India's biggest digital payments brand, to raise about 3B in IPO, making it the country’s largest debut ever, Bloomberg reports. It is also in talks to potentially undertake a pre-IPO placement of 20 billion rupees, which would reduce the size of new shares issued. Paytm is planning 3B IPO, largest in Indian market. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Unicorns are concentrated in developed and some developing global regions, including a few dozen countries.Best Debt Consolidation Loans for Bad Credit Notable lists of unicorn companies are maintained by The Wall Street Journal, Fortune Magazine, CNNMoney/ CB Insights, TechCrunch, PitchBook/Morningstar, and Tech in Asia. In the first two days of trading, Paytm shares tumbled by more than 30. In finance, a unicorn is a privately held startup company with a current valuation of 1 billion U.S. Indian payments platform Paytm is planning an initial public offering (IPO) with plans to raise 3 billion at an estimated 29 billion, a listing that is expected to be the biggest in the. Paytm, an India-based fintech company, recently had the largest IPO offering to date in India. This is an incomplete list of unicorn startup companies. ( July 2023) ( Learn how and when to remove this template message) Founders, entrepreneurs, and businessmen are showing an immense zeal in getting their companies listed. ![]() According to the GMP, the Paytm stock is likely to be listed at Rs. Per the Wikipedia style guidelines, please remove duplicate links, and any links that are not relevant to the context. The shares of Vijay Shekhar Sharma-led firm will list on BSE and NSE on November 18. This article may have too many links to other articles, and could require cleanup to meet Wikipedia's quality standards. ![]()
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