InvestorQ : Is it true that Paytm is planning a pre-IPO placement of shares?
prachi Patwardhan made post

Is it true that Paytm is planning a pre-IPO placement of shares?

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sara Kunju answered.
2 weeks ago
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With the plans of its Rs.22,000 crore IPO already out, Paytm will raise close to $1.5 billion as a pre-IPO fund raising to test the waters on the demand. Essentially, Paytm will offer shares to qualified institutional buyers or QIBs and also to retail investors to test the nature of demand. It also remains to be seen if the issue will be a pure India issue or an India plus global market issue.

As of now, the DRHP is expected to be filed in July 2021. Paytm revenues at Rs.3,406 crore in FY20, make it much larger than competitors like Phone Pe and Google Pay. It is estimated that Paytm could target a valuation of $30 billion on the stock markets when it comes out with its IPO.

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