Paytm Eyes IPO By October End, Hopes To Break Even In 18 Months: Report

Paytm's IPO plan comes at a time when several first-generation homegrown startups in India prepare to go public on domestic bourses.

Digital payments firm Paytm expects to launch its initial public offering (IPO) at around the end of October, pending regulatory approvals, a source familiar with the matter said on Monday. Paytm, which has filed for Rs 16,600 crore ($2.2 billion) IPO that will likely be the largest ever in India, also expects to break even in 18 months, the source said, declining to be named as the matter is not public. Paytm's IPO plan comes at a time when several first-generation homegrown startups in India prepare to go public on domestic bourses, led by food delivery firm Zomato which made a stellar stock market debut last week. "Hopefully Paytm will be able to go out before Diwali," the source said.