InvestorQ : When can we expect the Paytm IPO to hit the markets?
Chandralekha Desai made post

When can we expect the Paytm IPO to hit the markets?

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NISHA Nayak answered.
4 months ago
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As of now, Paytm has only filed the DRHP and the SEBI approval is still pending. But as per market reports, it looks like Paytm proposes to launch its IPO towards the end of October this year, which is subject to regulatory approvals. The IPO for Rs.16,600 crore includes Rs.8,300 crore of fresh issue and Rs.8,300 crore via OFS.

Some of the big investors in Paytm include Ant Group, Softbank and Berkshire Hathaway of Warren Buffett Fame. In FY21, Paytm narrowed its net losses to Rs.1,655 crore on the back of falling promotional expenditure and expects to be profitable in next 18 months. The core focus areas for Paytm at this point is the online and offline payments and lending business.

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