Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

Paytm may skip a pre-IPO round to fast-track listing

Sources involved with partners of the company in the IPO process said Paytm didn't want to add additional steps to the IPO and is directly headed for the market listing.

Paytm may skip a pre-IPO round to fast-track listing

Friday October 22, 2021 , 2 min Read

 Fintech firm Paytm may skip the pre-IPO round to expedite the listing process, according to sources aware of the development.


The company aims to launch a Rs 16,600 crore IPO before Diwali and is looking for valuation in the range of Rs 1.47 - 1.78 lakh crore.

The sources involved with partners of the company in the IPO process said Paytm didn't want to add additional steps to the IPO and thus, is directly headed for the market listing.
MSME and IPO

"Pre-IPO is always just an option for companies heading for a market debut and it's not exercised by most companies. It makes sense to put the pre-IPO option in the DRHP, as otherwise, the company cannot raise any primary capital. Companies end up not taking up the pre-IPO option as it only delays the process, said one of the sources.


The company's plan of shelving the pre-IPO raise is not related to any valuation differences, the source added.


US-based valuation expert Aswath Damodaran, who is a professor specialising in finance at the Stern School of Business at New York University, values the unlisted shares of the IPO-bound firm at Rs 2,950 apiece.


According to the sources, Paytm expects to receive Sebi approval soon.


Edited by Teja Lele