9/15/2023 0 Comments Sources paytm ipo![]() After UPI, I don’t find many people using the paytm wallet and even the Paytm banking services are hit and miss as there are many Neo banks out there providing better service(Lifetime free cards and Free SMS alerts etc) than paytm bank. This by all standards is a huge ask by PayTM and it has nothing really going in for it to justify this valuation.īy all measures the valuation is too high for the company.The only advantage paytm has is it’s huge user base. Ahead of Multiple successful Companies which have posted phenomenal results for decades. At this valuation, PayTM will be a top 30 company in India by Marketcap right at the day of listing. PayTM is looking to raise Rs 18,300 Cr ($ 2.5 Bn) valuing the company at 1.5 lac Cr ($ 20 Bn). Major Institutional players buying into this IPO would be ofcourse Blackrock the company which owns the world, and some major pensions funds alongside National Funds of Singapore and Canada. This however isn’t exclusive to PayTM and chinese money has awashed Indian VC space for quite some time now. This heavy Chinese involvement has been a source of constant worry in PayTM’s bid to expand into Banking and Core Finance. Paytm is majorly owned by its foreign overlords in China and in Softbank. ![]() ![]() Losses have been significantly brought by aggressively cutting down the marketing and promotional budget, hence the “PayTM Karo” ads are as a result running less on TV and Youtube. PayTM has cleaned up its books a lot heading into the IPO, and it did have a lot of time to do so, as the IPO was supposed to be listed in 2020, but got derailed because of COVID. Let’s have a runthrough the numbers and try and make sense of the signals amidst all that noise. ![]()
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