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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;
| IPO Date | Nov 8, 2021 to Nov 10, 2021 |
| Listing Date | Thursday, November 18, 2021 |
| Face Value | ₹1 per share |
| Price | ₹2080 to ₹2150 per share |
| Lot Size | 6 Shares |
| Issue Size | [.] shares of ₹1 (aggregating up to ₹18,300.00 Cr) |
| Fresh Issue | [.] shares of ₹1 (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 |
| Company Promoters | Paytm is a professionally managed company with no identifiable promoters. |
Paytm IPO opens on Nov 8, 2021, and closes on Nov 10, 2021. The Paytm IPO bid date is from Nov 8, 2021 10.00 A.M. to Nov 10, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Nov 8, 2021 |
| Closing Date | Nov 10, 2021 |
| Basis of Allotment | Nov 15, 2021 |
| Initiation of Refunds | Nov 16, 2021 |
| Credit of Shares to Demat | Nov 17, 2021 |
| Listing Date | Nov 18, 2021 |
The Paytm IPO 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 |
|---|---|---|---|
| Retail (Min) | 1 | 6 | ₹12,900 |
| Retail (Max) | 15 | 90 | ₹193,500 |
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 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
| Category | Subscription (times) |
|---|---|
| QIB | 2.79 |
| NII | 0.24 |
| Retail | 1.66 |
| Total | 1.89 |
| Listing Date | Thursday, November 18, 2021 |
| BSE Script Code | 543396 |
| NSE Symbol | PAYTM |
| Listing In | |
| ISIN | INE982J01020 |
| IPO Price | ₹2150 per share |
| Face Value | ₹1 per share |
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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/
IPO Broker Recommendations
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 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
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 .
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 Nov 15, 2021, and the allotted shares will be credited to your demat account by Nov 17, 2021. Check the Paytm IPO allotment status.
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RHP
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Plz advise.