India’s leading digital ecosystems for consumers and merchants, One 97 Communications Limited, which is Paytm’s parent company, launched Paytm in 2009 to enable cashless payments. The Vijay Shekhar Sharma-led company has now emerged as the largest online payment ecosystem, having 33.7 crores registered consumers and over 2.18 crores registered merchants, and a booming GMV of Rs. 4033 billion in FY21 with an overall payments transaction volume market share of 40%, and a wallet payment transaction market share of 65-70% in India.
Currently valued at 16 billion, Paytm IPO will be the largest ever issued in the country. One 97 Communications Limited filed their DHRP with SEBI on Friday, July 16th, 2021. The company aims to raise a fund of Rs. 18,300 crores through this IPO, with fresh issues up to Rs. 8300 crores and an offer for sale of existing shareholders up to Rs. 10000 crores.
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Paytm IPO Date:
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Paytm IPO is set to hit the market on November 8, 2021, and will close on November 10, 2021. The allotment will be concluded on November 15, 2021, and the issue may list on November 18, 2021.
Open date | 8th November 2021 |
Close date | 10th November 2021 |
Allotment date | 15th November 2021 |
Initiation of Refunds | 16th November 2021 |
Share Credit Date | 17th November 2021 |
Listing Date | 18th November 2021 |
Paytm IPO Review:
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Paytm IPO Price:
The price band of the IPO has been fixed at Rs 2,080-2,150 per share of the face value of Rs 1 each. The company has received clearance from markets regulator Sebi.
IPO Size: | Approximately ₹18300 Crores |
Fresh Issue: | Approximately ₹8300 Crores |
Offer for Sale: | Approximately ₹10000 Crores |
Face Value: | ₹1 Per Equity Share |
Price Band: | ₹2080 to ₹2150 Per Equity Share (Tentative) |
Market Lot | 6 Shares |
Minimum Order Quantity | 6 Shares |
Listing on | BSE & NSE |
Retail Quota: | 10% |
QIB Quota: | 75% |
NII Quota: | 15% |
Paytm IPO Form:
You can apply for Paytm IPO via ASBA available in your bank account. To apply via your bank account, you have to go to your online bank login and select Paytm IPO in the invest section. The other option you can apply Paytm IPO via IPO forms download via NSE and BSE.
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