Paytm gets a nod, will investors be as happy as Vijay Shekhar?

IPO Karo - Finally Paytm gets a nod from market regulator, SEBI for its Rs 16,600 cr initial public offering (IPO) after a wait for over three months and is hoping to see light up Dalal Street around Diwali. 

Also watch: Nykaa IPO: Adding the sparkle to IPO street this week 

Paytm IPO: What we know so far

• One97 Communications, the parent entity of Paytm is looking to raise as much as Rs 8,300 crore by issuing fresh stock and roughly the same amount in an offer for sale that will see some investors offload shares.

• The fintech startup counts the likes of Ant Group, Alibaba, Elevation Capital and SoftBank Vision Fund among its main investors.

• Paytm likely to seek valuation close to $20 billion, which in the grey market is translating to the shares being priced at just above the Rs 2,000/share mark.

One97 was founded by Vijay Shekhar Sharma in 2000.The company posted a consolidated loss of Rs 1,701 crore on revenue of Rs 2,802.4 crore in FY21.