One 97 Communications Limited IPO (Paytm IPO)- 8th November, 2021
Company Background
The company was promoted by Vijay Shekhar Sharma way back in 2000 and offers a complete digital payment ecosystem in India. Apart from offering its own proprietary wallet and bank account, The company also facilitates commerce, bill payments and bank to bank transfer of funds on its platform, including UPI transfers. 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.
Business Information
As of March 2021, it has a client base of over 33 crore who transacted on the platform with 2.10 crore registered merchants. In its last round of funding in 2019, the company was valued at $16 billion and it is expected that its valuation post-IPO would be in the range of $25 billion to $30 billion making it among the valuable digital properties in India.
Facts about the company
Paytm is a virtual digital universe of its own with over 33.3 crore registered consumers, over 11.7 crore active users each year and over 2.18 crore merchants registered on its platform.
Paytm is, in fact, a combination of a consumer and merchant ecosystem with virtual dominance in both.
The next big thing for Paytm is the offering of intuitive digital products.
Paytm has been making net losses over the last 3 years, although the net loss has been narrowing with a gradual fall in the promotional expenditure. Here is a quick summary.
Points to note before investing in Paytm IPO
It largely dominates the consumer and the merchant ecosystem.
It has high brand recall, especially beyond the metro and large cities.
It is largely a professionally managed company with no identified promoter group.
For FY21, Paytm had gross market value (GMV) of Rs.400,000 crore with over 740 crore transactions across 12 crore transacting users.
Cross selling across commerce, payments and wallets could be the next big thing to penetrate customer wallets deeper
IPO Opening Date | November 8, 2021 |
IPO Closing Date | November 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 |
Allotment, Listing and Refunds details
Basis of Allotment Date | November 15, 2021 |
Initiation of Refunds | November 16, 2021 |
Credit of Shares to Demat Account | November 17, 2021 |
IPO Listing Date | November 18, 2021 |
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