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One 97 Communications Limited IPO (Paytm IPO) Detail

Nov 8, 2021 - Nov 10, 2021

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

  • India's leading digital payment service platform.
  • Strong brand identity with a brand value of US$6.3 billion.
  • Large customer base with 333 million total customers, 114 million annual transacting users, and 21 million registered merchants.
  • Paytm Super-app to access a wide range of digital payment services over mobile phones.

Company Promoters:

Paytm is a professionally managed company with no identifiable promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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)

Objects of the Issue:

The net proceed from the IPO will be utilized towards the following purposes;

  • Growing and strengthening Paytm ecosystem, including through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services - ₹ 4,300 Crores
  • Investing in new business initiatives, acquisitions and strategic partnerships - ₹ 2,000 Crores
  • General corporate purposes

Paytm IPO Details

IPO Opening Date Nov 8, 2021
IPO Closing Date Nov 10, 2021
Issue Type Book Built Issue IPO
Face Value ₹1 per equity share
IPO Price ₹2080 to ₹2150 per equity share
Market Lot 6 Shares
Min Order Quantity 6 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹1
(aggregating up to ₹18,300.00 Cr)
Fresh Issue[.] Eq Shares of ₹1
(aggregating up to ₹8,300.00 Cr)
Offer for Sale[.] Eq Shares of ₹1
(aggregating up to ₹10,000.00 Cr)

Paytm IPO Tentative Timetable

The Paytm IPO open date is Nov 8, 2021, and the close date is Nov 10, 2021. The issue may list on Nov 18, 2021.

IPO Open Date Nov 8, 2021
IPO Close Date Nov 10, 2021
Basis of Allotment Date Nov 15, 2021
Initiation of Refunds Nov 16, 2021
Credit of Shares to Demat Account Nov 17, 2021
IPO Listing Date Nov 18, 2021

Paytm IPO Lot Size

The Paytm IPO market lot size is 6 shares. A retail-individual investor can apply for up to 15 lots (90 shares or ₹193,500).

Application Lots Shares Amount (Cut-off)
Minimum 1 6 ₹12,900
Maximum 15 90 ₹193,500

Paytm IPO Review

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...

Paytm IPO Subscription Status (Bidding Detail)

The Paytm IPO is subscribed 1.89 times on Nov 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

CategorySubscription (times)
QIB2.79
NII0.24
Retail1.66
Total1.89

Paytm IPO Prospectus

Paytm IPO Rating

2087
3.2
Rating:Rated 3.2 stars
Vote Here ...

Paytm IPO Listing Date

Listing Date Thursday, November 18, 2021
BSE Script Code 543396
NSE Symbol PAYTM
Listing In
ISIN INE982J01020
IPO Price ₹2150 per equity share
Face Value ₹1 per equity share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

Paytm IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: paytm.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Paytm IPO FAQs

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 equity share. The minimum order quantity is 6 Shares.

The IPO opens on Nov 8, 2021, and closes on Nov 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Paytm IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Paytm IPO opens on Nov 8, 2021 and closes on Nov 10, 2021.

Paytm IPO lot size is 6 Shares and the minimum order quantity is 6 Shares.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Paytm IPO will be done on Nov 15, 2021, and the allotted shares will be credited to your demat account by Nov 17, 2021. Check the Paytm IPO allotment status.

The Paytm IPO listing date is on Thursday, November 18, 2021.

Paytm IPO Message Board

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1520 Comments

608. FinancePreneur |   Link |Dec 21, 2021 12:50:54 AM
Can the experts plz suggest if I shud sell the loss making paytm shares, I am already at a loss of 5000 rs. The actual value of the company should be 1150-1200 and it was highly over priced but I still went ahead and subscribed to the ipo under retail.

Plz advise.
607. DownriteVJ |   Link |Nov 22, 2021 1:27:37 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Now did first set of Averaging. Bought 1 lot.
607.7. All Time High |   Link |Nov 29, 2021 2:41:50 PM
@mDelhi
Take my middle finger salute
607.8. mDelhi |   Link |Dec 6, 2021 1:16:02 PM
@ AllTimeHigh
I respect your thoughts
Up and down are part of life & sometimes your own stuff given to other will bounce back with heavy thrust
606. ðŸ”¥ MOG 🔥 |   Link |Nov 27, 2021 11:07:48 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
PAYTM Q2 21 results :

REVENUE - RS 1086.40 CRORE
LOSS - RS 481.70 CRORE

There is an increase in revenue as well as loss compared to Q1 result.
606.1. ColdBurger |   Link |Nov 28, 2021 2:15:26 PM
IPO Mentor IPO Mentor (600+ Posts, 100+ Likes)
Market trend is ulta, example SAIL. So expecting super week ahead for PayTM.
606.2. ColdBurger |   Link |Nov 29, 2021 10:19:04 AM
IPO Mentor IPO Mentor (600+ Posts, 100+ Likes)
See despite bad results and steep selling PayTM holding beautifully. Today was super opportunity for buyers via trigger.
605. ColdBurger |   Link |Nov 28, 2021 2:09:41 PM
IPO Mentor IPO Mentor (600+ Posts, 100+ Likes)
Loss widens to 473 crore. Hope now share will touch 2500 soon. Trend is ulta, SAIL profit increase 10 times and see where that is. So expecting to cover payTM loss next week
604. Cautious ipo |   Link |Nov 27, 2021 6:26:41 PM
IPO Guru IPO Guru (1300+ Posts, 800+ Likes)
I have changed name 😊
603. Monster Zero |   Link |Nov 27, 2021 12:52:29 PM
IPO Guru IPO Guru (1200+ Posts, 500+ Likes)
Paytm
Revenue
Q-o-Q 19% UP
Y-o-Y 49% up
Loss
Q-o-Q 25% up
Y-o-Y 10 % up

EPS -8
Revenue up.....losses up...

Expect an upward movement in the name of revenue.
603.1. NeoLongus |   Link |Nov 27, 2021 1:31:28 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Their reporting seems over-zealous and desperate to me.
> Use (abuse) of multiple operating metrics and non-GAAP metrics to demonstrate yoy, qoq etc traction. Agreed that GAAP metrics may not do justice to Internet era businesses but if they can''t explain it simply then I guess there is simply nothing to explain
> Reporting Adjusted EBITDA excluding ESOP expenses is meaningless. If Paytm price recovers, I expect ESOP expenses to increase
> Not sure why Software, Cloud and Data center expenses are not part of Total Direct Expenses (given that Could & Commerce revenue exists)
> All Indirect Expenses have grown at nearly the same rate as Revenue
> Overall Contribution Profit has improved significantly but EBITDA loss has increased at the same rate qoq as has revenue and with such high increase in expenses, the path to even an EBITDA breakeven seems long and winding!
603.2. Andi |   Link |Nov 27, 2021 3:02:09 PM
Top Contributor Top Contributor (200+ Posts)
In continuation of my post No. 603, I would like to read the results as a "bloomer ". 28% increase in EBITA loss q-o-q will be hard for the market to digest irrespective of the increase in revenue, unless I am missing something.
602. NeoLongus |   Link |Nov 22, 2021 2:48:44 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
For the first time since its listing, I''m seeing way more Bid quantity than Sell quantity on NSE on a day when it almost hit LC again. Interesting turn of events!

Though at this price and any price well south of the current price, it remains a strong AVOID for me! Many of us are already carrying exposure to it via our MF investments though, unfortunately!
602.10. ColdBurger |   Link |Nov 26, 2021 12:48:49 AM
IPO Mentor IPO Mentor (600+ Posts, 100+ Likes)
@Monster-Zero: Please don''t curse now. Let investors collect their investment 😊 I am waiting to pull my money once it pairs 2150.,
602.11. ðŸ”¥ MOG 🔥 |   Link |Nov 27, 2021 11:12:50 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
@monster zero There is no need to spread bad news about the company when the company itself is bad and objectiveless 🤣🤣
But i do agree with the price manipulation.....MFs buying is basically damage control and they''ll dump it in future on retailers who expect the stock to do better.
601. Andi |   Link |Nov 26, 2021 7:49:51 PM
Top Contributor Top Contributor (200+ Posts)
If Paytm can show profits tomorrow, sure to cross IPO price in the immediate future, if losses are reduced considerably qoq- expect around 2000 but, what if it is a bloomer???? Just curiosity....
600. LearningIPO |   Link |Nov 25, 2021 2:01:36 PM
Pump and dump..
600.1. milgayasigachire |   Link |Nov 25, 2021 4:19:46 PM
no
599. RJ Rocks |   Link |Nov 22, 2021 2:06:12 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Seems Paytm dip over.
Risk taker who have not applied in IPO can buy at cmp 1365. SL Daily closing base 1270.
599.9. RJ Rocks |   Link |Nov 24, 2021 1:48:41 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Latent already in 20% UC
SJS hitted once 20% uc today
Now time for PAYTM to hit 20% UC.
599.10. RJ Rocks |   Link |Nov 25, 2021 12:39:04 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Booked out PAYTM more than 30% in 1 week.👍👍👍
598. sagar dasa |   Link |Nov 21, 2021 4:31:06 PM
Hi All
I urge investors to exit the Paytm at earliest.
With the existing fundamentals My valuation model predicts Paytm at 70cr mkt cap for next 1year.
So the stock price can go to Rs:800 per share.
The valuation model works only if current fundamentals remains same.
598.6. Asoke sarkar |   Link |Nov 23, 2021 7:29:38 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@ Sagar dasa
First understand what means by ''fundamental '' of a share.
Then understand what is market cap.
You are the first man in the world who has been able to develop a valuation model on the basis of fundamental and market cap.
Congratulation for this success 😅😅😅
598.7. iRFAN kHAN |   Link |Nov 25, 2021 12:12:53 PM
Aisw logo k comments padhkar hee retailer mara jata hw :( :(
597. Gaurav DD dimer |   Link |Nov 25, 2021 10:16:29 AM
Sold All shares of Paytm with 2100Rs profit.
596. KING VINOD |   Link |Nov 24, 2021 8:40:37 PM
IPO Guru IPO Guru (1500+ Posts, 3200+ Likes)
Big Breaking IPO News
Tega Industries IPO confirmed
Date: 1-Dec to 3-Dec
595. rahul rahul IPO |   Link |Nov 19, 2021 12:16:49 PM
Mutual Funds, QIBs and HNIs, who subscribed @2150 will not let it go down easily. Listing day actual delivery volume is Rs 1 Crore shares, means they are averaging. I don''t think it will fall again drastically on monday again.
595.10. rahul rahul IPO |   Link |Nov 24, 2021 1:21:20 PM
Kids game dekha kya, kuch samajh aaya kya???
595.11. MANU AGGARWAL |   Link |Nov 24, 2021 3:50:29 PM
350 years in market and going strongggggggg......................
594. KING VINOD |   Link |Nov 24, 2021 2:41:32 PM
IPO Guru IPO Guru (1500+ Posts, 3200+ Likes)
Is selling over and Buying started???
Can we expect IPO Issue price by next month end???
594.1. lokes |   Link |Nov 24, 2021 3:44:22 PM
IPO Guru IPO Guru (2200+ Posts, 1900+ Likes)
it will be good for many retailers who are still holding in paytm if issue price comes in this year but it will be too early to judge this. let the price stabilize above 1700 for some days, that will be a good sign if that happens.
Many retailers sold at big loss in initial 2 days due to great fear sentiment created on each forum/news.
593. Small Investor |   Link |Nov 22, 2021 10:18:59 AM
IPO Guru IPO Guru (1600+ Posts, 800+ Likes)
first look its go down near 1000 and after bounce back
593.1. Small Investor |   Link |Nov 24, 2021 3:44:18 PM
IPO Guru IPO Guru (1600+ Posts, 800+ Likes)
Good Bounce back since 2-3 days and next target is 1900+
592. Andi |   Link |Nov 23, 2021 10:15:32 PM
Top Contributor Top Contributor (200+ Posts)
Friends ....Today''s appreciation in stock price, was there genuine buying or mostly short covering....it is a question for understanding sake ....I am not invested in this stock.
592.1. lokes |   Link |Nov 24, 2021 3:40:11 PM
IPO Guru IPO Guru (2200+ Posts, 1900+ Likes)
its both short covering and new buying (averaging)
591. Thakurs |   Link |Nov 24, 2021 3:19:40 PM
It will keep up till Friday ( at least ). Their October GMV were up 131% yoy and result might be declare on 27.11.21.
https://www.business-standard.com/article/companies/paytm-s-gmv-up-131-to-11-2-billion-in-oct-as-festive-time-spends-rise-121112200023_1.html
590. KING VINOD |   Link |Nov 24, 2021 2:48:15 PM
IPO Guru IPO Guru (1500+ Posts, 3200+ Likes)
Recently Listed and beaten stocks
Todays High Price (Recent Low Price)

*Paytm* 1759 (1271)
*Fino Payments* 492 (366.15)
*SJS* 539 (419.05)
*Policybazaar* 1328.40 (1149)
*Latentview* 586.50 (461.10) @ 20% Upper Circuit
589. bnpatel |   Link |Nov 24, 2021 2:11:51 PM
Vijay & its brls themselves involved to rise of paytm to vanish investor money onceagain