A source involved in the process said on Friday that digital financial services firm Paytm has received market regulator SEBI’s nod for an initial public offering of Rs 16,600 crore.
The company is expected to hit the stock market by the end of this month and is planning to fast-track listing by skipping the pre-IPO share sale round.
The source said on condition of anonymity that Paytm’s pre-IPO fund raising plan is not related to any valuation gap.
Paytm is said to be looking at a valuation of ₹ 1.47-1.78 lakh crore.
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