"Our life is going to become QSQT now or quarter se quarter tak (from one quarter to next)," says Vijay Shekhar Sharma.
Paytm IPO will be at $19.5 billion to $20 billion valuation, the company officially revealed for the first time on Thursday. Paytm was valued at $16 billion when it raised funds two years ago.
The IPO was priced at a lower valuation so that more people can participate, the company said.
In a media conference call, Founder and CEO Vijay Shekhar Sharma said, "Our life is going to become QSQT now or quarter se quarter tak (from one quarter to next)." He added that there is no interesting acquisition target on the horizon and the company is more focused on building itself as compared to buying. "But never say never," he added.
"We have been getting personal messages from investors requesting for an allocation in the Paytm IPO. These people have never invested before in a listed company in India."
Sharma also said that Paytm Mall is a separate business and the parent company is not investing any more money in it.
The payments unicorn claims to have become contribution margin neutral, meaning it is recouping its cost from operation revenue. The company's contribution margin grew 198 per cent to Rs 245 crore in Q1FY22 compared to the corresponding quarter in the previous financial year.
The fintech behemoth has raised its initial public offering (IPO) size to Rs 18,300 crore from the earlier Rs 16,600 crore.
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