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In October 2021, the Securities and Exchange Board of India (SEBI) has approved ₹16,600-crore Initial public offering (IPO) of which of the following companies?

In October 2021, the Securities and Exchange Board of India (SEBI) has approved ₹16,600-crore Initial public offering (IPO) of which of the following companies? Correct Answer Paytm

The correct answer is Paytm.

Key Points

  • Digital financial services firm Paytm has received market regulator SEBI’s approval for its ₹16,600 crores Initial public offer.
  • The company expects to hit the bourses by the end of this month and is planning to skip the pre-IPO share sale rounds to fast-track listing.
  • Paytm is expected a valuation of ₹1.47-1.78 lakh crore.

Important Points

  • Paytm is a Noida-based firm that is backed by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co.
  • Paytm is formally called One97 Communications Ltd.
  • The firm has the biggest share in India’s merchant payments market, with over 20 million merchant partners in its network.

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