Archive · 21 Aug 2026
Paytm Seeks More Time, Flexibility for Unused IPO Funds
Paytm raised money through its IPO to invest in its business.
It received Rs 8,119.4 crore in net IPO proceeds.
The company says Rs 6,433.4 crore has been used, leaving Rs 1,686 crore.
Some of the unused money was originally reserved for new businesses, acquisitions and partnerships.
Paytm now wants to use part of it for its main payments and financial-services businesses too.
It says these businesses have grown through investments in customers, merchants and technology.
Paytm also wants two more years, until March 2029, to use the money.
Shareholders must approve the plan at the company’s AGM.
Paytm has Rs 1,686 crore of its IPO proceeds still unutilised nearly five years after listing.
Of the Rs 2,000 crore earmarked for new initiatives, acquisitions and partnerships, Rs 314 crore has been deployed.
The company wants to use the remaining funds more flexibly across core payments and financial-services businesses as well as the original purposes.
Paytm is seeking shareholder approval to extend the utilisation deadline by two years, until March 2029.
The proposal will be considered through a special resolution at Paytm’s AGM on September 15, 2026.
- Who
- One 97 Communications Limited, which operates Paytm, is seeking shareholder approval.
- What
- The company wants to broaden the permitted use of Rs 1,686 crore in unused IPO proceeds and extend the deadline for deploying it.
- When
- The proposal will be considered at the AGM on September 15, 2026; the requested extended deadline is March 2029.
- Where
- The company’s AGM notice is associated with Paytm and its Mumbai-datelined announcement.
- Why
- Paytm says the change would let it support core payments and financial-services businesses, pursue other permitted opportunities and support sustained, profitable growth.
- Unused IPO proceeds
- Rs 1,686 crore as of July 20, 2026
- Net IPO proceeds
- Rs 8,119.4 crore
- Utilised proceeds
- Rs 6,433.4 crore as of July 20, 2026
- Original earmark
- Rs 2,000 crore for new business initiatives, acquisitions and strategic partnerships
- Amount deployed from earmark
- Rs 314 crore
- Requested deadline
- March 2029, extending the timeline by two years
- Approval process
- A shareholder special resolution at the September 15, 2026 AGM