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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 ₹2150.00 per share . The lot size for an application is 6. The minimum amount of investment required by an retail is ₹12,480 (6 shares). 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.
| IPO Date | November 8, 2021 to November 10, 2021 |
| Listing Date | November 18, 2021 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹2080 to ₹2150 per share |
| Issue Price Final | ₹2150 per share |
| Lot Size | 6 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 8,51,16,278 shares (aggregating up to ₹18,300.00 Cr) |
| Fresh Issue | 3,86,04,651 shares (aggregating up to ₹8,300.00 Cr) |
| Offer for Sale | 4,65,11,627 shares of ₹1 (aggregating up to ₹10,000.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 60,96,69,008 shares |
| Share Holding Post Issue | 64,82,73,659 shares |
Paytm IPO offers total 8,51,16,278 shares. Out of which 6,38,37,210 (75.00%) allocated to QIB, 2,55,34,884 (30.00%) allocated to QIB, 1,27,67,441 (15.00%) allocated to NII, 85,11,627 (10.00%) allocated to RII and 3,83,02,326 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Paytm IPO opens on November 8, 2021, and closes on November 10, 2021.
| IPO Open Date | Mon, Nov 8, 2021 |
| IPO Close Date | Wed, Nov 10, 2021 |
| Tentative Allotment | Mon, Nov 15, 2021 |
| Initiation of Refunds | Tue, Nov 16, 2021 |
| Credit of Shares to Demat | Wed, Nov 17, 2021 |
| Tentative Listing Date | Thu, Nov 18, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 10, 2021 |
Investors can bid for a minimum of 6 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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 Company Paytm IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[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...
| Listing Date | November 18, 2021 |
| BSE Script Code | 543396 |
| NSE Symbol | PAYTM |
| ISIN | INE982J01020 |
| Final Issue Price | ₹2150 per share |
One 97 Communications Ltd.
First Floor,
Devika Tower,
Nehru Place,
Delhi, New Delhi, 110019
Phone: +91 11 2628 0280
Email: compliance.officer@paytm.com
Website: http://www.paytm.com/
MUFG Intime India Pvt.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 8,51,16,278 equity shares of the face value of ₹1 aggregating up to ₹18,300.00 Crores. The issue is priced at ₹2150 per share. The minimum order quantity is 6.
The IPO opens on November 8, 2021, and closes on November 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 November 8, 2021 and closes on November 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 Wednesday, November 17, 2021. Check the Paytm IPO allotment status.
The Paytm IPO listing date is on Thursday, November 18, 2021.
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