PayNearby plans to tap IPO market in next financial year to fuel expansion

, By The Economic Times
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Fintech firm PayNearby is planning an initial public offering (IPO) in the next financial year to boost the next phase of growth.

“We have initiated the IPO process and talks with three merchant bankers. We will soon select a merchant banker to proceed with the process,” PayNearby founder, MD and CEO Anand Kumar Bajaj told PTI.

Once the merchant banker is finalised, PayNearby will file its Draft Red Herring Prospectus (DRHP) with the capital market regulator Sebi, he added.

The company reported a gross revenue of about Rs 300 crore and earned a profit…



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PayNearby plans to tap IPO market in next financial year to fuel expansion

, Published By The Economic Times
Tech



Fintech firm PayNearby is planning an initial public offering (IPO) in the next financial year to boost the next phase of growth.

“We have initiated the IPO process and talks with three merchant bankers. We will soon select a merchant banker to proceed with the process,” PayNearby founder, MD and CEO Anand Kumar Bajaj told PTI.

Once the merchant banker is finalised, PayNearby will file its Draft Red Herring Prospectus (DRHP) with the capital market regulator Sebi, he added.

The company reported a gross revenue of about Rs 300 crore and earned a profit…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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