Paytm’s New Milestone

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Paytm’s New Milestone
30 Oct 2021
7 min read

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News Synopsis

Paytm now stands at 36th position among the top market capitalization cos, given its staggering post-money valuation at Rs.1,39,378.84 crore along with the IPO filed at Rs.18,300 crore by Paytm parent company One97 Communication Ltd. will make it one of the top valued companies, technically among the top 50. As Paytm is progressing by the day, it will gain more valuation than Hindustan Zinc, NTPC, Divi’s Laboratories, Power Grid Corp., Indian Oil Corp., Vedanta, Pidilite Industries, SBI Life Insurance, Grasim Industries, Bajaj Auto, L&T Infotech, Mahindra & Mahindra, Hindalco Industries, Coal India, Zomato, SBI Cards, and DLF Ltd. The upcoming three-day public share sale, which will open for subscription on the 8th of November will have a fresh issue of Rs. 8300 crore and an offer sale of Rs. 10,000. 

Paytm is said to have 330 million users on its platform, among them are 50 million active monthly users, 21 million registered merchant users. In the year 2021, Paytm did suffer multiple losses, in sales, when compared to 2020, and the net borrowing also increased in the current fiscal year but the fintech company has been holding better than before, at Rs. 1.39 trillion valuation amount, the company is sure to have a profitability rate.

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