Paytm files for India's largest IPO, eyes $25 bn-$30 bn valuation

Digital payments major to raise Rs 8,300 cr fresh capital; Vijay Shekhar Sharma, SoftBank, SAIF to divest

One 97 Communications, owner of the country’s biggest digital payments provider Paytm, has filed the offer document for the biggest ever initial public offering (IPO) in the country.

The IPO size is estimated at Rs 16,600 crore, half of which will be a fresh fund raise by the company.

The remaining Rs 8,300 crore will be secondary share sale by founder Vijay Shekhar Sharma, China’s Ant Financial and Alibaba, private equity major SAIF Partners, SoftBank Vision Fund, and an arm of Berkshire Hathaway.

Paytm has said it might consider a pre-IPO placement of up to Rs 2,000 crore. This will