Paytm IPO: One97 Communications, Paytm’s parent company, will conduct an initial public offering (IPO) on November 8. The proposed 18,300 crore IPO will make it one of the 50 most valuable companies in India.
The Paytm IPO is India’s largest IPO to date, surpassing the public offering of Rs 15,745 crore raised by Coal India in October 2010. Please note that according to a report by Redseer Management Consulting, Paytm is currently India’s leading digital ecosystem for consumers and merchants.
As of June 30, 2021, it has over 337 million registered consumers and over 21.18 million Register a business. Within the range of Rs 2,150 per share, Paytm’s post-investment valuation will reach Rs 1,3937.884 crore, which will make it ranked 36th in the market capitalization of listed companies.
Paytm’s market value will exceed some established companies, such as Hindustan Zinc Corporation, NTPC, Divi’s Laboratories, Grid Corporation, Indian Petroleum Corporation (IOC), Vedanta, Pidilite Industries, SBI Life Insurance, Grasim Industries, Bajaj Auto, L&T Infotech, Mahindra & Mahindra (M&M), Hindalco Industries, Coal India, Zomato, SBI Cards and DLF Ltd.
News Source : ETnownews.com
