Paytm, India’s most valuable startup officially stated that it is palling to file an IPO. It also informed its shareholders and employees about the IPO filing and asked them to “Offer for Sale”. Currently, Paytm is a Noida-based startup valued at $16 Billion and raised $3 Billion to date. The major investors in the company are Berkshire Hathaway Inc., SoftBank Group Corp., and Ant Group Co.
Paytm Company Overview
Paytm was founded in 2009 and formerly known as One97 Communications Ltd, based in Noida, Uttar Pradesh. The company operates in e-commerce, e-commerce payment processing, and other financial technologies. Paytm is India’s largest mobile payment and commerce payment processor. It also expanded its operations in the banking and e-commerce sectors.
Paytm IPO Review
The board of One97 Communications Ltd., the parent company of Paytm has accorded approval-in-principle for the IPO amounting to $2.5 billion (~Rupees 18,000 crores). The company filed its Draft Red Herring Prospectus (DRHP) in the month of Jul 2021 (read here). The IPO launch date will be somewhere in the last quarter of the year 2021.
Summary
Paytm is India’s largest mobile payment and commerce payment processor, valued at $16 billion, and raised $3 billion to date from various in-house and foreign investors. The major investors in Paytm are Berkshire Hathaway Inc., SoftBank Group Corp., and Ant Group Co. The company also offered an “offer for sale” to its current investors and employees to sell their shares during the planned Initial Public Offering.
Paytm IPO Date
The Paytm IPO Date for application is 08 Nov 2021.
The Paytm Initial Public Offering Dates are as follows:
| Open Date | 08 Nov 2021 |
| Close Date | 10 Nov 2021 |
| Listing Date | 18 Nov 2021 |
IPO Managers
The Joint Global Co-ordinators and book-running lead managers are Morgan Stanely, Goldman Sachs (India) Securities Pvt Ltd, Axis Capital Ltd, and Link Intime India Pvt Ltd for Paytm IPO. The Book Running Lead Managers for Paytm’s IPO are ICICI Securities, JP Morgan, HDFC Bank Ltd & Citigroup.
IPO Promotors
Its investors include Softbank, Ant Financial, AGH Holdings, SAIF Partners, Berkshire Hathaway, T Rowe Price, and Discovery Capital may take the responsibility.
Important Details
| Description | Dates |
|---|---|
| Open Date | 08 Nov 2021 |
| Close Date | 10 Nov 2021 |
| Face Value | Rs. 1 per share |
| Issue Size | Rs. 18,300 Cr. |
| Lot Size | 6 Shares |
| Listing at | BSE and NSE |
| Listing Date | 18 Nov 2021 |
Paytm IPO GMP
The Paytm IPO GMP as on Nov 2021 is Rs. X.
- Application – Rs. x/-
- Subject to Rates – Rs. x/-
- As per Grey market traders, if the IPO is not declared by the end of Nov 2021, then all SELL transactions in this IPO will be treated as Cancelled.
You can get IPO Grey Market Premium for the new IPOs on our IPO GMP dashboard.
Conclusion
Paytm’s IPO is making news from the date of its announcement in the market. Its price in the grey market has reached Rs. 18,000 per share from Rs. 11,000 per share within a week. The Paytm IPO is considered a good investment opportunity and can deliver a good return on investment on IPO listing Date.
In my opinion, one should apply for Paytm’s IPO Subscription for sure on the opening date.
