Bookbuilding IPO | ₹18,300 Cr | Listed at BSE, NSE | Mon, Nov 8, 2021 - Wed, Nov 10, 2021
Paytm IPO is a book build issue of ₹18,300.00 crores. The issue is a combination of fresh issue of 3.86 crore shares aggregating to ₹8,300.00 crores and offer for sale of 4.65 crore shares aggregating to ₹10,000.00 crores.
Paytm IPO bidding started from Nov 8, 2021 and ended on Nov 10, 2021. The allotment for Paytm IPO was finalized on Nov 15, 2021. The shares got listed on BSE, NSE on Nov 18, 2021.
Paytm IPO price band is set at ₹2,150 per share. The lot size for an application is 6. The minimum amount of investment required by an retail is ₹12,900 (6 shares) (based on upper price). The lot size investment for sNII is 16 lots (96 shares), amounting to ₹2,06,400, and for bNII, it is 78 lots (468 shares), amounting to ₹10,06,200.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Paytm IPO RHP for detailed Information.
IPO Open
Mon, Nov 8, 2021
IPO Close
Wed, Nov 10, 2021
Issue Price
₹2150 per share
Market Cap (Pre-IPO)
₹1,39,378.84 Cr
| IPO Date | 8 to 10 Nov, 2021 |
| Listed on | Thu, Nov 18, 2021 |
| Face Value | ₹1 per share |
| Price Band | ₹2080 to ₹2150 |
| Issue Price | ₹2150 per share |
| Lot Size | 6 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 8,51,16,278 shares (agg. up to ₹18,300 Cr) |
| Fresh Issue | 3,86,04,651 shares (agg. up to ₹8,300 Cr) |
| Offer for Sale | 4,65,11,627 shares of ₹1 (agg. up to ₹10,000 Cr) |
| Share Holding Pre Issue | 60,96,69,008 shares |
| Share Holding Post Issue | 64,82,73,659 shares |
| BSE Script Code / NSE Symbol | 543396 / PAYTM |
| ISIN | INE982J01020 |
Paytm IPO comprises a total issue size of 8,51,16,278 shares. Out of which, 6,38,37,210 (75.00%) are allocated to QIB, 1,27,67,441 (15.00%) allocated to NII 85,11,627 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 6,38,37,210 | 75.00% | NA |
| − Anchor Investor Shares Offered | 3,83,02,326 | 45.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 2,55,34,884 | 30.00% | NA |
| NII (HNI) Shares Offered | 1,27,67,441 | 15.00% | NA |
| Retail Shares Offered | 85,11,627 | 10.00% | 14,18,604 |
| Total Shares Offered | 8,51,16,278 | 100.00% |
Investors can bid for a minimum of 6 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6 | ₹12,900 |
| Retail (Max) | 15 | 90 | ₹1,93,500 |
| S-HNI (Min) | 16 | 96 | ₹2,06,400 |
| S-HNI (Max) | 77 | 462 | ₹9,93,300 |
| B-HNI (Min) | 78 | 468 | ₹10,06,200 |
Paytm IPO raises ₹8,235.00 crore from anchor investors. Paytm IPO Anchor bid date is November 3, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Nov 3, 2021 |
| Shares Offered | 3,83,02,326 |
| Anchor Portion (₹ Cr.) | 8,235.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Dec 15, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Feb 13, 2022 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Growing and strengthening our Paytm ecosystem, including through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services | 4,300.00 |
| 2 | Investing in new business initiatives, acquisitions and strategic partnerships | 2,000.00 |
| 3 | General corporate purposes | 1,813.40 |
The Paytm IPO is subscribed 1.89 times on November 10, 2021 5:00:00 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.79 | 2,63,94,231 | 7,36,55,310 |
| NII | 0.24 | 1,31,97,115 | 31,53,438 |
| Retail | 1.66 | 87,98,076 | 1,46,01,096 |
| Total | 1.89 | 4,83,89,422 | 9,14,09,844 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | 323.90 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission/ uploading charges and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 16.60 |
| 3 | Fees payable to the Registrar to the Offer | 0.20 |
| 4 | Advertising and marketing expenses | 3.10 |
| 5 | Fees payable to other advisors to the Offer | 10.10 |
| 6 | Fees to regulators, including Stock Exchanges | 11.70 |
| 7 | (i)Listingfees, SEBI, BSE and NSE processing fees, book building software fees and other regulatory expenses, (ii)Printing and distribution of stationery, (iii)Fees payable tolegal counsels; and (iv)Miscellaneous | 45.80 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹2,150.00 | ₹2,150.00 |
| Open | ₹1,955.00 | ₹1,950.00 |
| Low | ₹1,564.00 | ₹1,560.00 |
| High | ₹1,961.05 | ₹1,955.00 |
| Last Trade | ₹1,564.15 | ₹1,560.80 |
Lead Manager Reports
Paytm IPO is a main-board IPO of 8,51,16,278 equity shares of the face value of ₹1 aggregating up to ₹18,300 Crores. The issue is priced at ₹2150 per share. The minimum order quantity is 6.
The IPO opens on Mon, Nov 8, 2021, and closes on Wed, Nov 10, 2021.
MUFG Intime India Pvt.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 Mon, Nov 8, 2021 and closes on Wed, Nov 10, 2021.
Paytm IPO lot size is 6, and the minimum amount required for application is ₹12,900.
You can apply in Paytm IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Wed, Nov 17, 2021. Check the Paytm IPO allotment status.
The Paytm IPO listing date is on Thu, Nov 18, 2021.
