Paytm’s mega IPO will be opening for subscription on 8th November. The Rs. 18,300 crores public offering will be the largest IPO ever in India, eclipsing Coal India’s Rs. 15,500 crore IPO back in 2010.
About the company:
Paytm is India’s leading digital financial services company that offers full-stack payments & financial solutions to consumers and merchants. The company provides services such as;
Payment Services; which include online bill payments, mobile top-ups, and money transfers amongst others.
Commerce and cloud services; include ticketing, travel, entertainment, gaming, food delivery, ride-hailing, and more.
Financial services; such as mobile banking, lending, insurance, and wealth management.
Paytm’s public offer comprises a fresh issue of equity shares aggregating up to Rs. 8,300 crores and an offer for sale of equity shares aggregating up to Rs. 10,000 crores from existing shareholders.
A snapshot of Paytm’s Key Financial and Operational Performance Indicators:
| Financial Year Ended | Revenue (₹ Crores) | Loss for the period (₹ Crores) | EPS (₹) |
|---|---|---|---|
| March 2019 | 3,579.70 | -4,225.60 | -74 |
| March 2020 | 3,540.70 | -2,942.40 | -49 |
| March 2021 | 3,186.80 | -1,701.00 | -28 |
| Three months ended June 2020 | 649.40 | -284.40 | -5 |
| Three months ended June 2021 | 948.00 | -381.90 | -6 |
For more information, you can check out the IPO Prospectus filed by the company.
Can a loss-making firm launch an IPO?
Yes, it can. However, the portion of the IPO reserved for the retail category changes from the usual 35% to 10% of the overall issue size. We’ve covered the details in this post.
IPO Details:
| Issue Period | 8th November to 10th November 2021 |
| Price Range | ₹ 2080 to 2150 per share |
| Minimum Bid Quantity | 6 and in multiples thereof |
| Finalisation of Allotment | 15th November 2021 |
| Initiation of Refunds | 16th November 2021 |
| Credit of Shares | 17th November 2021 |
| Listing Date | 18th November 2021 |
| Mandate end Date | 25th November 2021 |
How do I apply to the Paytm IPO?
You can apply for the Paytm IPO using any supported UPI app by following two steps:
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Enter your bid on Console
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Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How do I check the allotment status for Paytm IPO?
You can check the allotment status for the Paytm IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.
What are your thoughts on the Paytm IPO? Will you subscribe?
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