New Delhi: Digital Payment and Financial Services Firm Paytm wants to touch the market with the early IPO 16,600 Crore IPO RS and it is very possible in October, the source said on Monday.
The company has filed a doctor for the sale of its initial shares with a market regulator in July 15.
He expects a response from the capital market watchdog in mid-September, after that he plans to continue the list as early as possible.
“It is assumed that sebi takes two months to return to the draft red herring prospectus.
The company looks forward.
After the document is received, Paytm will submit for an IPO.” The process depends on regulatory approval.
If it runs according to the expected schedule, the IPO must be placed in October, “The source of the development of the development said by the PTI and RS 8,300 other crores through offers – for sale At least 5 percent of the shares to bring their share ownership below 25 percent to comply with regulatory requirements, in accordance with other sources.
According to documents, investors sell shares including ANTFIN (Netherlands) holding BV (which has 29.6 percent of the shares), Alibaba.com Singapore Private Ltd (7.2 percent) and Elevation Capital V FII Holdings Ltd (0.7 percent).
In addition, e Levation Capital V Ltd (WH ICH has 0.6 percent of the shares), SAIF III Mauritius Company Ltd.
(12.1 percent), SAIF PARTNERS INDIA IV LTD (5.1 percent), SVF Panther (Cayman) Ltd (1.3 percent ) And international ownership of BH (2.8 percent) will also sell shares.
The company has proposed to use Rs 4,300 Crore to foster and strengthen PAYTM ecosystems, including through consumer acquisition and traders and gives them greater access to technology and financial services.
Paytm plans to ask about Rs 2,000 Crore for business initiatives, acquisitions and strategic partnerships and up to 25 percent of the total funds raised through the IPO for the purposes of public companies.
According to the document, the Paytm trader base grew to 2.11 crore on March 31, 2021 from 1.12 Crore in March 2019, and the value of gross merchandise almost doubled more than Rs 4 Lakh Crore in the financial year from RS 2.29 Lakh Crore at FY 2019.
The company has reported narrowing losses to RS 1,704 Crore at FY’21, from Rs 2,943.3 Crore at FY’20 and Rs 4,235.5 Crore at FY’19.
Total income fell to RS 3,186.8 Crore at FY’21, from RS 3.540.7 Crore at FY’20.
Paytm has reported the negative cash flow of Rs 222.1 Crore at FY’21 mainly due to operating losses and because of additional working capital requirements.