IPO: BharatPe is preparing to be listed in the market, what is the news from sources?

News Topical, Digital Desk : Fintech company BharatPe is preparing to enter the stock market. Sources have informed CNBC-TV18 that the company has started discussions with bankers for its proposed IPO. The company's CEO Nalin Negi has also confirmed that BharatPe is moving towards raising funds before the IPO.

Plan to raise funds before IPO

According to sources, BharatPe is planning to raise Rs 800 to Rs 1,200 crore in the pre-IPO round. In this funding round, the valuation of the company is being estimated to be 11.5–12 times its revenue. However, this valuation is less than the maximum valuation of Rs 20,000 crore estimated in 2021. However, the valuation is close to Paytm's current 11x multiple. BharatPe got an edge from profit If we compare Paytm with Bharat Pay, Paytm may be bigger in size but Bharat Pay is ahead in terms of profit making. BharatPe started making profit in FY 2025, just seven years after its launch. At the same time, Paytm took 15 years to become profitable and it recorded profit for the first time in FY26. BharatPe and Paytm - who is ahead In terms of scale, Paytm is still far ahead. Paytm's revenue in FY25 was Rs 6,900 crore, while BharatPe's revenue was Rs 1,500 crore. Paytm's merchant base, total payment value (TPV) and loan distribution are also much larger. However, BharatPe is ahead in margins. The company's margin is 7.3% while Paytm's margin is 4%. The focus of both companies is also different. While Paytm's business is more diversified, BharatPe is betting on its credit business. 57% of BharatPe's revenue comes from credit, while Paytm's is only 27%. To strengthen this segment, BharatPe has increased its stake in its lending unit Trillionloans. Recently, BharatPe has received approval from RBI to work as a payment aggregator. The company is in advanced talks to raise $80 million to $100 million from Coatue Management. Experts believe that these steps will help BharatPe present itself in the market as a profit-focused fintech. 

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