Top Shareholders' Stake
Vijay Shekhar Sharma 14.6%
Ant Fin 29.6%
Svf India 18.3%
Saif 17.2.%
Alibaba 7.2%
India’s startup ecosystem is hogging the stock market limelight. Investors have barely digested food-delivery company Zomato’s initial public offering (IPO), and soon they will be served another. This time it will be a super-sized one from Paytm, India’s largest fintech and the second-biggest startup by valuation.
The numbers in the IPO prospectus filed by One97 Communications Ltd, which runs Paytm, are staggering. The 11-year-old company plans to raise $2.2 billion, or ₹ 16,600 crore, which would make it India’s biggest-ever IPO, displacing Coal India’s ₹15,000-crore offering nearly a decade back. The IPO is expected to value Paytm at between $25 billion and $30 billion. That is not only more than half the market value of State Bank of India, India’s largest bank, but also a steep jump from Paytm’s $16 billion valuation in November 2019, when it had raised $1 billion from global investment management firm T. Rowe Price and existing investors, the Chinese Ant Financial and Japanese conglomerate SoftBank.
The IPO market capitalisation values Paytm at 66-79 times (66-79x) its operating revenue of ₹2,802.41 crore in the fiscal year ended March 2021. That is a steep premium over the 25x revenue multiple of its global payments peers. It is also manifold higher than the 17x that China’s Ant Group, Paytm’s top investor, sought in its planned IPO last year.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.