At around $20 billion valuation, Paytm is bigger than Adani Ports, Coal India and Mahindra

Nov 8, 2021

By: Kritti Bhalla

Paytm’s IPO is now up for subscription

One 97 Communications — the parent entity of digital payments giant Paytm — launched its ₹18,300 crore initial public offering (IPO) on November 8.

Credit: Paytm

Paytm launches India’s biggest IPO

This is India’s biggest IPO to date, surpassing Coal India’s ₹15,000 crore public issue in 2010.

Credit: BCCL

Paytm seeking nearly $20 billion valuation

The Vijay Shekhar Sharma-led company will offer its shares at a price band of ₹2,080-₹2,150, seeking a valuation of $19.3-19.9 billion (₹14.2 lakh crore - ₹1.47 lakh crore). | Revenue FY21: ₹3,186 crore | Loss FY21: ₹1,701 crore.

Credit: BCCL

Paytm surpasses market leaders

At nearly $20 billion, Paytm may not be among the highest valued companies, but it has certainly surpassed several market leaders.

Credit: Canva

Adani Ports

Adani Ports, formerly known as Mundra Port and Special Economic Zone Limited, is India’s largest private multi-port operator | Revenue FY21: ₹14,519 crore | Market cap (as of Nov 11): ₹1.46 lakh crore.

Credit: Adani-Ports

Hindustan Zinc

Hindustan Zinc is India’s largest Zinc miner, which holds 72 percent market share in India’s Zinc industry | Revenue FY21: ₹24,448 crore | Market cap (as on November 11): ₹1.34 lakh crore.

Credit: Hindustan-Zinc

Pidilite

Pidilite Industries — which is the parent company behind Fevicol — is an Indian adhesives manufacturing company | Revenue FY21: ₹6,289 crore | Market Cap (as on November 8): ₹1.21 lakh crore

Credit: BigBasket

Bajaj Auto

Bajaj Auto manufactures motorcycles and three-wheelers in India. The company — which has launched brands like Boxer, Pulsar and many more — sold 39 lakh units in FY21 | Revenue FY21: ₹29,017 crore | Market cap (as on November 8): ₹1.09 lakh crore.

Credit: Indiamart

Dabur India

Dabur India is an Indian multinational consumer goods company, which is the entity behind Odomos, Real Fruit juice, Hontius, Hajmola, Chyawanprash | Revenue FY21: ₹9,886 crore | Market cap (as on November 8): ₹1.07 lakh crore

Credit: Dabur

DLF

DLF is a commercial real estate developer, which has an operational portfolio of 3.41 crore square feet. | Revenue FY21: ₹5,945 crore | Market cap (as on November 8): ₹1.07 lakh crore.

Credit: Canva/BI-India

Mahindra & Mahindra Limited

Mahindra & Mahindra Limited, also known as M&M, is an Indian multinational automotive manufacturing corporation headquartered in Mumbai | Revenue FY21: ₹75,310 crore | Market cap (as on November 8): ₹1.06 lakh crore.

Credit: Mahindra

Shree Cements

Shree Cement is an Indian cement manufacturer | Revenue FY21: ₹13,942 crore | Market cap (as on November 8): ₹ 1.06 lakh crore.

Credit: Canva

Coal India

Coal India Limited is an Indian government-owned coal mining and refining corporation | Revenue FY21: ₹93,818 crore | Market cap (as on November 8): ₹ 1.04 lakh crore.

Credit: Canva

Indian government confirms that its new crypto bill is not the same as the old one