PayTM Indiaâs digital payments giant Paytm is set to go public during around Diwali this year in order to raise Rs 21800 crore in what could be the countryâs largest initial public offering (IPO) ever. The Vijay Shekhar Sharma-led company is aiming a valuation of about $25 billion-$30 billion through the IPO as its board is anticipated to meet this Friday to formally approve the same. Morgan Stanley, JP Morgan Chase & Co, Citigroup Inc are some of the banks shortlisted to operate the Paytm IPO and the process is reported to kick-start by around late June or early July. The IPO will include a combination of both new and existing shares in order to comply with Indiaâs regulatory obligations that necessitate 10 per cent and 25 per cent of the shares to be floated in two and five years respectively.