Paytm IPO: Founder Vijay Shekhar Sharma to have protective rights The proposal is unlikely to be contested as all other existing investors including Jack Maâs Alibaba and affiliates that own more than 30 per cent of the company agree on it Paytm IPO expected to launch in Oct BusinessToday.In Updated Jul 28, 2021, 8:51 AM IST Founder Vijay Shekhar Sharma will have protective rights once Paytm is listed on the bourses. Sharma will be able to appoint one member to its board as long as he owns 2.5 per cent equity, as mentioned in a customary regulatory filing ahead of the payments giantâs initial public offering.