Earlier this year, food delivery startup Zomato said it plans to raise $1.1 billion through an initial public offering.

Paytm is the latest Indian giant startup that has expressed an interest in becoming public in recent months. We believe the super-app battle in India is not a ‘winner takes all’ but a game of execution, business building, and creating a superior customer experience with ecosystem integration,” Bernstein analysts added. “However, under the hood, Paytm leads on merchant payments and has built an ecosystem of synergistic fintech verticals around its ‘super-app.’ The ecosystem spans payments (wallet/UPI), full-suite merchant acquiring, credit tech, digital bank, wealth, and insurance tech. “With the advent of UPI, there has been a rising narrative that questioned Paytm’s market leadership,” the analysts wrote, referring to the exponential growth of payments stack developed by retail banks in India that has been adopted by several firms, including Google and PhonePe (as well as Paytm), and which has somewhat lowered the appeal of mobile wallets in India. Paytm declined to comment.Īn overview of Paytm’s financial services ecosystem (Bernstein) Two sources familiar with the matter told TechCrunch that Paytm plans to raise about $3 billion and is targeting a valuation of up to $30 billion in the IPO. Paytm, which is backed by Alibaba and SoftBank, hasn’t shared when it plans to file for the IPO, but has sought shareholders’ response to their intention to sell stakes by the end of the month. The startup said in the letter that it has received an in-principle approval from the board of directors to pursue the public market. This is the first time the Noida-headquartered firm, which is valued at $16 billion and has raised over $3 billion to date, has commented on its plans about the IPO. But Paytm, which started trading in Mumbai on Thursday, spoiled the party: Its. The startup has offered its employees the option to sell their stakes in the firm. It’s turning into a monumental year for India’s stock market, as yet another big startup makes its public debut. In a letter to shareholders and employees, Paytm said that it plans to raise money by issuing fresh equity in the IPO, and also sell existing shareholders’ shares at the event. Through the offer for sale (OFS), One97 Communications Managing Director and CEO Vijay Shekhar Sharma will sell shares worth up to Rs 402.6 crore while Antfin (Netherlands) Holdings will sell shares to the tune of Rs 4,704 crore.Paytm, India’s most valuable startup, confirmed to its shareholders and employees on Monday that it plans to file for an IPO. Large investors such as Jack Ma's Ant Group Co and Masayoshi Son's SoftBank Group Corp will sell their stake through the IPO. The IPO will surpass Coal India (Rs 15,475-crore IPO) and Reliance Power (Rs. On October 22, Paytm had received market regulator Sebi's nod for the share sale. The Paytm IPO, if successful, will be the countrys largest share sale with the firm aiming to raise Rs 18,300 crore. JPMorgan Chase, Morgan Stanley, ICICI Securities, Goldman Sachs, Axis Capital, Citi and HDFC Bank are the booking running lead managers to the issue. The Noida-based firm will use the proceeds of share sale to strengthen its payment ecosystem and for new business initiatives and acquisitions.

The IPO comprises a fresh issue of equity shares of the face value of Rs 1 each, aggregating to Rs 8,300 crore and the offer for sale by the existing shareholders, aggregating to Rs 10,000 crore. The company has raised its issue size from Rs 16,600 crore ($2.2 billion). According to the GMP, the Paytm stock is likely to be listed at Rs. The IPO will surpass Coal India (Rs 15,475-crore IPO) and Reliance Power (Rs 11,700 crore IPO) in terms of issue size. The shares of Vijay Shekhar Sharma-led firm will list on BSE and NSE on November 18. The Paytm IPO, if successful, will be the country's largest share sale with the firm aiming to raise Rs 18,300 crore. Blackrock, CPPIB, Birla MF, GIC and other blue-chip funds participated in the anchor fund-raising round leading to 10 times oversubscription of shares. With an approximate consumer base of 337 Mn and 22 Mn merchants on the platform, the company is a clear. The Vijay Shekhar Sharma-led firm has raised Rs 8,235 crore from anchor investors on November 3. In India, Paytm is synonymous with mobile payments.

Sources indian paytm 3b ipo 29b