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Paytm IPO is a book built issue of Rs 18,300.00 crores. The issue is a combination of fresh issue of Rs 8,300.00 crores and offer for sale of Rs 10,000.00 crores.
Paytm IPO bidding started from November 8, 2021 and ended on November 10, 2021. The allotment for Paytm IPO was finalized on Monday, November 15, 2021. The shares got listed on BSE, NSE on November 18, 2021.
Paytm IPO price band is set at ₹2080 to ₹2150 per share. The minimum lot size for an application is 6 Shares. The minimum amount of investment required by retail investors is ₹12,900.
Axis Capital Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, Hdfc Bank Limited, ICICI Securities Limited, J.P. Morgan India Private Limited and Morgan Stanley India Company Pvt Ltd are the book running lead managers of the Paytm IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Paytm IPO RHP for detailed information.
| IPO Date | November 8, 2021 to November 10, 2021 |
| Listing Date | November 18, 2021 |
| Face Value | ₹1 per share |
| Price Band | ₹2080 to ₹2150 per share |
| Lot Size | 6 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹18,300.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹8,300.00 Cr) |
| Offer for Sale | [.] shares of ₹1 (aggregating up to ₹10,000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 609,669,008 |
| Share holding post issue | 648,273,659 |
Paytm IPO offers 48,389,422 shares. 26,394,231 (54.55%) to QIB, 13,197,115 (27.27%) to NII, 8,798,076 (18.18%) to RII. 1,466,346 RIIs will receive minimum 6 shares and (sNII) and (bNII) will receive minimum 96 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 26,394,231 (54.55%) | NA |
| NII (HNI) Shares Offered | 13,197,115 (27.27%) | |
| Retail Shares Offered | 8,798,076 (18.18%) | 1,466,346 |
| Total Shares Offered | 48,389,422 (100%) |
Paytm IPO opens on November 8, 2021, and closes on November 10, 2021.
| IPO Open Date | Monday, November 8, 2021 |
| IPO Close Date | Wednesday, November 10, 2021 |
| Basis of Allotment | Monday, November 15, 2021 |
| Initiation of Refunds | Tuesday, November 16, 2021 |
| Credit of Shares to Demat | Wednesday, November 17, 2021 |
| Listing Date | Thursday, November 18, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 10, 2021 |
Investors can bid for a minimum of 6 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6 | ₹12,900 |
| Retail (Max) | 15 | 90 | ₹193,500 |
| Lot Size Calculator | |||
Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and cloud services.
In 2009, the company launched the first digital mobile payment platform, "Paytm App" to offer cashless payment services to customers and now, it became India's largest payment platform and the most valuable payments brand with a total brand value of US$6.3 billion as per Kantar BrandZ India 2020 Report. The app enables customers to do cashless transactions at stores, top-up mobile phones, online money transfers, pay bills, access digital banking services, purchase tickets, play games online, buy insurance, make investments, and more. However, merchants can use the platform for advertising, online payment solutions, offering products to customers, and loyalty solutions.
Competitive strengths
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 30-Jun-20 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 94,590 | 102,777 | 91,513 | 103,031 | 87,668 |
| Total Revenue | 9,480 | 6,494 | 31,868 | 35,407 | 35,797 |
| Profit After Tax | (3,819) | (2,844) | (17,010) | (29,424) | (42,309) |
The net proceed from the IPO will be utilized towards the following purposes;
[Dilip Davda] No doubt this company is a mega player in the digital ecosystem segment and has a lion share, but its top line has remained almost static for the last three fiscals and has been incurring losses for all these years and may remain in red in the near term too as per statements on page 38/39 of RHP. It has huge carried forward losses and negative earnings. Thanks to premiums collected for placements that have helped this company to post positive NAV. Issue pricing is with a negative P/E. Its market cap of Rs. 1.39+ lakh cr. raises eyebrows. However, considering madness seen for Unicorn and high tech sector companies in the recent past is perhaps indicating changed sentiment for investment parameters. On all fronts, this issue is exorbitantly priced discounting all near term positives. Of late many new entrants have entered this space and raised a threat. Hence cash surplus/risk seekers only may consider an investment with a long term perspective, others can ignore it. Read detail review...
The Paytm IPO is subscribed 1.89 times on November 10, 2021 5:00:00 PM. The public issue subscribed 1.66 times in the retail category, 2.79 times in the QIB category, and 0.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 1.02 times
| Category | Subscription (times) |
|---|---|
| QIB | 2.79 |
| NII | 0.24 |
| Retail | 1.66 |
| Total | 1.89 |
| Listing Date | November 18, 2021 |
| BSE Script Code | 543396 |
| NSE Symbol | PAYTM |
| ISIN | INE982J01020 |
| Final Issue Price | ₹2150 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹2,150.00 |
| ₹1,955.00 |
| ₹1,564.00 |
| ₹1,961.05 |
| ₹1,564.15 |
| NSE |
|---|
| ₹2,150.00 |
| ₹1,950.00 |
| ₹1,560.00 |
| ₹1,955.00 |
| ₹1,560.80 |
One 97 Communications Limited
First Floor, Devika Tower, Nehru Place,
New Delhi 110 019, India
Phone: +91 11 2628 0280
Email: compliance.officer@paytm.com
Website: http://www.paytm.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: paytm.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lead Manager Reports
Paytm IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹18,300.00 Crores. The issue is priced at ₹2080 to ₹2150 per share. The minimum order quantity is 6 Shares.
The IPO opens on November 8, 2021, and closes on November 10, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Paytm IPO using UPI as a payment gateway. Zerodha customers can apply in Paytm IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Paytm IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Paytm IPO opens on November 8, 2021 and closes on November 10, 2021.
Paytm IPO lot size is 6 Shares, and the minimum amount required is ₹12,900.
You can apply in Paytm IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Paytm IPO will be done on Monday, November 15, 2021, and the allotted shares will be credited to your demat account by Wednesday, November 17, 2021. Check the Paytm IPO allotment status.
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Plz advise.