When Paytm CEO Vijay Shekhar's Mother Saw His Net Worth and Asked if it's True
3 years, 1 month ago

When Paytm CEO Vijay Shekhar's Mother Saw His Net Worth and Asked if it's True

News 18  

Paytm IPO got listed at the stock market on November 18, opening at Rs 1,955 on the Bombay Stock Exchange. The company’s founder and chief executive officer, Vijay Shekhar Sharma had last week led Paytm’s $2.5 billion IPO. Recalling the time China’s Ant Group first invested in Paytm in 2015, Sharma told Reuters, “For a long time my parents had no idea what their son was doing. According to Forbes, Sharma’s present net worth is $2.4 billion and its IPO has minted hundreds of new millionaires. Paytm’s $2.5 billion initial public offering, which is also India’s largest, was oversubscribed last week.

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History of this topic

Ramesh Kunhikannan Makes It To Forbes List Of Billionaires After Supplying Parts To Chandraayan-3
9 months ago

Ramesh Kunhikannan Makes It To Forbes List Of Billionaires After Supplying Parts To Chandraayan-3

News 18  

India reached a huge milestone last year, as the country became the first nation to land a spacecraft near the unexplored south pole of the moon. Ramesh Kunhikannan, whose company contributed largely to the historic space mission was named on the Forbes Billionaires List 2024 for the first time this year, thanks to the historic space mission. He is presently …

PayTm Re-Appoints Founder Vijay Shekhar Sharma as MD and CEO; Details Here
2 years, 7 months ago

PayTm Re-Appoints Founder Vijay Shekhar Sharma as MD and CEO; Details Here

News 18  

Digital payment company Paytm on Saturday announced that the firm had re appointed its founder Vijay Shekhar Sharma as managing director and chief executive officer till May 2027, thereby extending this tenure by five years. “We wish to inform you that based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of Shareholders, the Board …

Paytm founder arrested, later granted bail after ramming car into DCP's vehicle in Delhi
2 years, 9 months ago

Paytm founder arrested, later granted bail after ramming car into DCP's vehicle in Delhi

India Today  

Paytm founder Vijay Shekhar Sharma was arrested by the Delhi Police on February 22 and later granted bail after he allegedly rammed his vehicle into the car of the South Delhi Deputy Commissioner of Police on Aurobindo Marg. Vijay Shekhar Sharma was allegedly speeding in his Jaguar Land Rover car when he hit DCP Benita Marie Jaiker's vehicle outside Mother's …

Paytm IPO investors lose $900 mn in 2 days as India’s biggest listing flops
3 years, 1 month ago

Paytm IPO investors lose $900 mn in 2 days as India’s biggest listing flops

Live Mint  

Shares in the owner of Indian financial technology giant Paytm tumbled for a second day, with the declines inflicting about $900 million in losses on investors that bought into the much-hyped initial public offering this month. The stock of Paytm’s parent One97 Communications Ltd. closed Monday nearly 37% below its IPO price after suffering through more heavy selling pressure. The …

When Paytm's founder Vijay Shekhar Sharma broke into tears on listing day
3 years, 1 month ago

When Paytm's founder Vijay Shekhar Sharma broke into tears on listing day

India TV News  

Highlights Sharma said that “Bharat Bhagya Vidhata” in the national anthem overwhelms him. Paytm's founder and CEO Vijay Shekhar Sharma broke into tears while addressing a crowd at the Bombay Stock Exchange on the company’s listing day on Thursday. Weak market debut, shares crash over 27% Meanwhile, shares of One97 Communications Ltd, Paytm's parent company, on Thursday made a weak …

Paytm shares make tepid debut, list at discount
3 years, 1 month ago

Paytm shares make tepid debut, list at discount

Live Mint  

Shares of digital payments and financial services firm Paytm made its much anticipated stock market debut on Thursday. On BSE, Paytm shares started trading at ₹1,955 per share with market capitalization above ₹1 lakh crore. The three-day initial public offering of Paytm's parent One97 Communications was launched on November 1 that concluded on November 3 with a price band of …

From ₹10000 salary to billionaire, Paytm’s Vijay Shekhar Sharma says his dream is…
3 years, 1 month ago

From ₹10000 salary to billionaire, Paytm’s Vijay Shekhar Sharma says his dream is…

Live Mint  

At 27, Vijay Shekhar Sharma was making 10,000 rupees a month, a modest salary that did not help his marriage prospects. "In 2004-05, my father asked me to shut my company and take up a job even if it was for 30,000 rupees," Sharma, who went on to found digital payments firm Paytm in 2010, told Reuters. Born to a …

Paytm share allocation likely on November 16 at ₹2,150 apiece
3 years, 1 month ago

Paytm share allocation likely on November 16 at ₹2,150 apiece

The Hindu  

Digital payments and financial services firm Paytm is likely to allocate shares at the upper price band of ₹2,150 apiece on November 16 after market regulator SEBI's approval which is expected to come on Monday, sources aware of the development said. Based on the bid received for Paytm's ₹18,300 crore initial public offer, the company will list an enterprise valuation …

Paytm IPO: Offer price fixed at ₹2,150 apiece
3 years, 1 month ago

Paytm IPO: Offer price fixed at ₹2,150 apiece

The Hindu  

Digital payments and financial services firm Paytm has fixed an offer price of ₹2,150 apiece for its initial share-sale. With the ₹18,300-crore share sale via Initial Public Offering, Paytm IPO has become the largest fintech IPO in the Asia Pacific region. According to the prospectus, Paytm will be paying its BRLMs ₹323.9 crore, which is about 1.8% of the total …

Paytm IPO Receives 48% Subscription on Day 2, Retail Portion Fully Booked | All About It
3 years, 2 months ago

Paytm IPO Receives 48% Subscription on Day 2, Retail Portion Fully Booked | All About It

ABP News  

Paytm IPO Update: Paytm founder Vijay Shekhar Sharma visited the Tirumala Temple in Tirupati to pray for the success of the IPO of his Fintech company Paytm. However, Paytm's IPO has received a 48 per cent subscription on its second day. The IPO of One97 Communications, the parent firm of Fintech company Paytm is being called the largest one in …

Paytm IPO subscribed 18% on first day
3 years, 2 months ago

Paytm IPO subscribed 18% on first day

India TV News  

Paytm's Rs 18,300-crore IPO -- India's largest public issue to date -- was subscribed only 18 per cent on the first day of bidding on Monday. The initial public offering of Paytm's parent company, One97 Communications Ltd received bids for 88.23 lakh equity shares against the offer size of 4.83 crore shares, according to information available from stock exchanges. Paytm …

Paytm IPO Opens: Should you buy or not? Here's expert advice
3 years, 2 months ago

Paytm IPO Opens: Should you buy or not? Here's expert advice

Hindustan Times  

One 97 Communication Ltd, the parent company of Paytm, has opened subscriptions for the biggest IPO India has seen in its history. Riding on the back of bullish investor sentiment, strong equity market performance and the increasing digital adoption Paytm aims to raise ₹18,300 crore at a band of ₹2,080-2,150, valuing the company at ₹1.39 trillion at the top end. …

Paytm's Rs 18,300-crore IPO opens today; here's all you need to know
3 years, 2 months ago

Paytm's Rs 18,300-crore IPO opens today; here's all you need to know

Firstpost  

This is likely to be the biggest issue in India’s history, breaking a decade-long record by Coal India Ltd, which raised over Rs 15,200 crore in its IPO Paytm’s Initial Public Offering of Rs 18,300 crore opens for subscription today, 8 November. Paytm’s IPO includes Rs 10,000 crore worth of shares as an offer for sale by existing shareholders as …

Is Paytm worth what its owners are asking for?
3 years, 2 months ago

Is Paytm worth what its owners are asking for?

Live Mint  

Paytm’s initial public offering comes at a time when the frenzy in startup IPOs is showing signs of fatigue. That said, Paytm’s IPO would still get a strong response from investors, and one only has to look at its anchor book list for confidence. Formally known as One97 Communications Ltd, Paytm started as a mobile wallet company and has morphed …

IPO-bound Paytm employees add 5.45 lakh more shares for monetisation
3 years, 3 months ago

IPO-bound Paytm employees add 5.45 lakh more shares for monetisation

The Hindu  

Digital payments and financial firm Paytm has received over 5.45 lakh shares from around 20 more employees for monetisation in its upcoming IPO. Earlier, 200 former and current employees had converted their ESOPs into shares, taking the total count of employees to around 220. Last week, Paytm gave time till September 22 to employees to convert their ESOPs into shares …

From Zomato to Nykaa, Paytm, Oyo: Indian IPOs on track for a record year as startups soar
3 years, 4 months ago

From Zomato to Nykaa, Paytm, Oyo: Indian IPOs on track for a record year as startups soar

Live Mint  

The market for initial public offerings in India is turning into a feeding frenzy. If it reaches that level, the IPO would be the country’s largest debut ever, eclipsing the more than 150 billion rupees raised by state-owned Coal India Ltd. Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is aiming for an IPO as soon as the fourth …

Paytm IPO date to be announced soon, set for mega debut
3 years, 5 months ago

Paytm IPO date to be announced soon, set for mega debut

India TV News  

Paytm IPO Date: Paytm, a digital payments and financial services firm, is all set to debut on the Indian bourses. Paytm’s large investors include China’s Alibaba and Ant Financial which own a combined 36.8 per cent stake. Paytm founder Vijay Shekhar Sharma will sell a portion of the 14.6 per cent stake he owns. Moreover, Elevation Capital V Ltd, SAIF …

Paytm Gears Up For Mega $2.23 Billion IPO, India's Biggest
3 years, 5 months ago

Paytm Gears Up For Mega $2.23 Billion IPO, India's Biggest

ABP News  

New Delhi: China's Ant Group and Japan's Softbank backed Paytm, India's digital payments leader is seeking regulatory approval to raise up to Rs 16,600 crore, making it the country's largest stock market debut ever, exceeding Rs 15,000 crore raised by state-owned Coal India a decade back. The offering may value the company over Rs 1.86 lakh crore and comes at …

Paytm Shareholders Okays Rs 16,600-Cr IPO; CEO Vijay Shekhar Sharma Declassified as Promoter
3 years, 5 months ago

Paytm Shareholders Okays Rs 16,600-Cr IPO; CEO Vijay Shekhar Sharma Declassified as Promoter

News 18  

Paytm has finally received approval by way of its parent company One97 Communications to raise Rs 12,000 crore through a fresh issue of shares. Parallelly, the CEO of Paytm, Vijay Shekhar Sharma, is set to be declassified as a promoter as he does not own the benchmark 20 per cent stake in the company. In order to do so, it …

Paytm IPO: Digital payments firm to file documents next week, to raise Rs 16,600 crore
3 years, 6 months ago

Paytm IPO: Digital payments firm to file documents next week, to raise Rs 16,600 crore

India TV News  

Digital payments firm Paytm is expected to seek shareholders' approval to raise up to Rs 16,600 crore through an initial share sale, giving it a valuation of over Rs 1.78 lakh crore, according to a source. The extraordinary general meeting of Paytm is scheduled for July 12 in which the company may seek approval to raise up to Rs 12,000 …

Paytm set to file papers for $2.3 billion share sale
3 years, 6 months ago

Paytm set to file papers for $2.3 billion share sale

Live Mint  

One97 Communications Ltd, the parent of Indian payments firm Paytm, will file a draft prospectus as early as 12 July for a domestic initial public offering that seeks to raise $2.3 billion, two people close to the matter said on Monday. The money will be raised via sale of new Paytm stock as well as a secondary offering of shares …

Paytm $3-Billion IPO by November: What We Know So Far
3 years, 6 months ago

Paytm $3-Billion IPO by November: What We Know So Far

News 18  

Paytm is all set to launch its mega initial public offering worth $3 billion by the end of this year. One97 Communications, which is Paytm’s parent company has given in-principle approval for the IPO, according to reports. As per the company’s annual report, the company has reported a revenue of Rs 3,186.60 crore for FY21, which is amongst the top …

Paytm IPO: One97 Communications Approves Rs 12,000-crore Fund Raising Plan
3 years, 6 months ago

Paytm IPO: One97 Communications Approves Rs 12,000-crore Fund Raising Plan

News 18  

One97 Communications, the parent company of Paytm has decided to raise Rs 12,000 crore by issuing fresh equity in its extraordinary general meeting on July 12, according to reports. “Resolved that the shareholders of the Company hereby take on record that Mr. Vijay Shekhar Sharma shall henceforth not be identified as a ‘promoter’ of the Company for any purpose, regulatory, …

Paytm targeting biggest-ever IPO in India
3 years, 7 months ago

Paytm targeting biggest-ever IPO in India

Live Mint  

Paytm, India’s leading digital payments provider, is aiming to raise about ₹21800 crore in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever. The startup, backed by investors including Berkshire Hathaway Inc., SoftBank Group Corp. and Ant Group Co., plans to list in India around …

Paytm Money to offer investments in IPOs
4 years, 1 month ago

Paytm Money to offer investments in IPOs

Live Mint  

Paytm Money, the wealth management arm of One97 Communications Ltd, will allow users to invest and participate in upcoming initial public offerings in India on its platform, it said on Sunday. Paytm Money will enable investors to instantly apply for the latest IPOs from their Unified Payments Interface ID-linked bank accounts and complete the application process in three-four days. In …

Paytm to start planning IPO in 22-24 months, says CEO Vijay Shekhar at HT-MintAsia Leadership Summit
5 years, 4 months ago

Paytm to start planning IPO in 22-24 months, says CEO Vijay Shekhar at HT-MintAsia Leadership Summit

Hindustan Times  

Paytm will start preparations for an initial public offering in the next 22-24 months, its founder and CEO Vijay Shekhar Sharma said at the HT-MintAsia Leadership Summit in Singapore on Friday. Vijay Shekhar Sharma, Founder and CEO of Paytm, during the ‘What it takes to be a global unicorn’ session at the Hindustan Times Mint-Asia Leadership Summit, in Singapore, on …

Paytm Money to invest Rs 250 cr over next two years to launch new investment products; elevates Pravin Jadhav as CEO
5 years, 4 months ago

Paytm Money to invest Rs 250 cr over next two years to launch new investment products; elevates Pravin Jadhav as CEO

Firstpost  

New Delhi: Paytm Money, the wholly-owned subsidiary of One97 Communications that operates Paytm, on 2 September said it has elevated Pravin Jadhav as Managing Director and chief executive officer, and also plans to invest Rs 250 crore over the next two years. Founder and CEO of Paytm, Vijay Shekhar Sharma said, in the last one year, under Jadhav’s leadership, the …

Paytm Money elevates Pravin Jadhav as MD and CEO; to invest Rs 250 cr in 2 yrs
5 years, 4 months ago

Paytm Money elevates Pravin Jadhav as MD and CEO; to invest Rs 250 cr in 2 yrs

India TV News  

Paytm Money, the wholly-owned subsidiary of One97 Communications that operates Paytm, on Monday said it has elevated Pravin Jadhav as Managing Director and chief executive officer, and also plans to invest Rs 250 crore over the next two years. Founder and CEO of Paytm Vijay Shekhar Sharma said, in the last one year, under Jadhav's leadership, the team at Paytm …

Paytm valuation surges 25% to $15 billion in latest investment round; company aims to expand array of service offerings
5 years, 4 months ago

Paytm valuation surges 25% to $15 billion in latest investment round; company aims to expand array of service offerings

Firstpost  

On 16 August, Paytm had said it would invest Rs 750 crore to approximately double its monthly active user base on mobile to 250 million by March 2020. E-commerce payment system and digital wallet company Paytm’s valuation has more than doubled to $15 billion in the latest investment round from about $6 billion in March 2017, said a media report. …

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