InvestorQ : Is it true that the Paytm IPO is likely to be the biggest IPO in India?
manisha Kolvenkar made post

Is it true that the Paytm IPO is likely to be the biggest IPO in India?

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Crowny Pinto answered.
2 weeks ago
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It is correct that Paytm is planning the biggest Rs.21,800 crore IPO by this year end around December. The Paytm IPO will be larger than Coal India IPO of 2010, which was worth Rs.15,000 crore. That is assuming that the LIC IPO does not happen before December but that does not look too likely before Mar-22. Paytm could target indicative valuation of $25 billion to $30 billion making it almost twice as valuable as the fast growing Byju’s franchise.

The modalities of the IPO are not clear although it is expected to either be a totally Indian IPO or an India plus US IPO. Paytm has marquee investors like Softbank of Japan, Ant Financial of China and Berkshire Hathaway of Warren Buffett. Retail may not have so much capacity so we could 75% allocation to QIBs and just about 10% for the retail investors. The big task would be selling the idea of loss making digital monoliths to Indian institutions.

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