India's leading digital ecosystem for consumers as well as merchants Paytm’s IPO is opening today. IPO of Paytm will be open for subscription from Nov 8th, 2021 to Nov 10th, 2021. The issue type of Paytm IPO is book-built issue IPO with the Rs.1 per equity share of face value. The IPO price of Paytm IPO is Rs.2080 to Rs.2150 per equity share with the market lot of 6 shares.
The grey market premium (GMP) of Paytm, a digital payments and financial services company, is now trading in the Rs 125 to Rs 135 per share region. The price range for the first public offering (IPO) is Rs 2,080 to Rs 2,150 per equity share. The company is expected to be listed for Rs 2,285 per share under the current GMP.
One97 Communications Limited (“Paytm”) was incorporated on December 22, 2000. The company is India’s leading digital ecosystem for consumers and merchants. Paytm offers ‘Payment Services’, ‘Commerce and Cloud Services’, and ‘Financial Services’ to 33.3 crore consumers and over 2.18 crore merchants registered with them, as of June 30, 2021. Their 2-sided (consumer and merchant) ecosystem enables commerce, and provides access to financial services, by leveraging technology to improve the lives of their consumers and help their merchants grow their businesses.
The company launched Paytm in 2009, as a “mobile-first” digital payments platform to enable cashless payments for Indians, giving them the power to make payments from their mobile phones. Starting with bill payments and mobile top-ups as the first use cases, and Paytm Wallet as the first Paytm Payment Instrument, they have built the largest payments platform in India based on the number of consumers, number of merchants, number of transactions, and revenue as of March 31, 2021..
They have created a payments-led super-app, through which they offer their consumers innovative and intuitive digital products and services. They offer their consumers a wide selection of payment options on the Paytm app, which includes:
Paytm is the only payments company in India that, together with its affiliates, owns each layer of the payment stack. It offers services such as Paytm Wallet, Paytm QR, Paytm Soundbox, Gold investments and Fixed Deposit, Paytm Postpaid, Merchant Cash Advance, and FASTag.
On their app, they enable their consumers to transact at in-store merchants, pay their bills, make mobile top-ups, transfer money digitally, create and manage their Paytm Payment Instruments, check linked account balances, service city challans and municipal payments, buy travel and entertainment tickets, play games online, access digital banking services, borrow money, buy insurance, make investments and more.
The deep insights of Indian consumers and merchants:-
The product and technology DNA:
The network effect creates sustainable advantages for Company:
Deepen merchants’ partnerships and drive adoption of technology among the merchant base:
|IPO Opening Date||8th Nov 2021|
|IPO Closing Date||10th Nov 2021|
|Issue Type||Book Built Issue type|
|Face Value||Rs. 1 per equity share.|
|IPO Price||Rs.2080 to Rs.2150 per Equity share.|
|Market Lot||6 shares|
|Minimum Order Quantity||6 shares|
Valuation & Recommendation
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