How is Paytm likely to be ranked among Indian companies on market cap after listing?
Answer
Answer
Post its Rs.18,300 crore IPO, One97 Communications, the owner and operator of the Paytm brand, will rank among the 50 most valuable companies in India by market cap. For example, if you just consider the IPO pricing of Rs.2,150, Paytm is likely to have a post-IPO valuation of Rs.139,379 crore. We are not even counting any capital appreciation here.
That will already make Paytm the 36th most valuable company in India by market cap and a premium listing would mean that the ranking would go up even further. It is interesting to note that the Paytm market capitalization, to be begin with, will be more than giants like NTPC, IOCL, Vedanta, Grasim, Bajaj Auto, M&M, Hindalco and Coal India.