Paytm is taking a look at an evaluation of Rs 1.47-1.78 lakh crore.Digital financial services firm Paytm has gotten market regulator Sebi's approval for its Rs 16,600 crore initial public deal, a source associated with the procedure stated on Friday.The business expects to hit the bourses by the end of this month and is preparing to skip the pre-IPO share sale rounds to fast-track listing.
Sebi has given approval for Paytm IPO, the source stated on condition of anonymity.The company's plan of shelving the pre-IPO raise is not associated with any appraisal differences, the source included.
Paytm is looking at an evaluation of Rs 1.47-1.78 lakh crore.US-based appraisal professional Aswath Damodaran, who is a professor specialising in financing at the Stern School of Company at New York University, has valued the unlisted shares of the firm at Rs 2,950 each.