One 97 IPO (Paytm IPO) GMP, Dates, Price, Allotmentm Review

0
One 97 IPO

One 97 IPO Details:

When is One 97 Communications Limited (Paytm) IPO Launching?

The Rs 18,300 crore initial public offering (IPO) of One97 Communications, the parent element of digital payments firm Paytm, will open on Monday, November 8, 2021, and will be accessible for membership till Wednesday, November 10, 2021. One 97 Communications Limited IPO Tentative Timetable

The Paytm IPO open date is Nov 8, 2021, and the close date is Nov 10, 2021. The issue may list on Nov 18, 2021.

One 97 Communications Limited (Paytm) IPO Tentative Timetable

IPO Open Date Nov 8, 2021
IPO Close Date Nov 10, 2021
Basis of Allotment Date Nov 15, 2021
Initiation of Refunds Nov 16, 2021
Credit of Shares to Demat Account Nov 17, 2021
IPO Listing Date Nov 18, 2021

 

One 97 Communications Limited (Paytm) IPO Details

IPO Opening Date Nov 8, 2021
IPO Closing Date Nov 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
Issue Size [.] Eq Shares of ₹1
(aggregating up to ₹18,300.00 Cr)
Fresh Issue [.] Eq Shares of ₹1
(aggregating up to ₹8,300.00 Cr)
Offer for Sale [.] Eq Shares of ₹1
(aggregating up to ₹10,000.00 Cr)

 

One 97 Communications Limited (Paytm) IPO Lot Size

The Paytm IPO market lot size is 6 shares. A retail-individual investor can apply for up to 15 lots (90 shares or ₹193,500).

Application Lots Shares Amount (Cut-off)
Minimum 1 6 ₹12,900
Maximum 15 90 ₹193,500

 

One 97 Communications Limited (Paytm) IPO Share Price

The issue is priced at ₹2080 to ₹2150 per equity share. The minimum order quantity is 6 Shares.

One 97 Communications Limited (Paytm) IPO Promoter Holding

One 97 Communications Limited is a professionally managed company with no identifiable promoters.

One 97 Communications Limited (Paytm) Board Directors

Current board members & directors are:

  • PALLAVI SHARDUL SHROFF
  • RAVI CHANDRA ADUSUMALLI
  • VIJAY SHEKHAR SHARMA
  •  JING XIANDONG
  • AMITABH KUMAR SINGHAL
  • MARK SCHWARTZ
  • KABIR MISRA
  • MADHUR DEORA
  • CHEN YAN
  • JOSEPH CHUNG TSAI .

Paytm IPO Lead Manager(s)

  1. Axis Capital Limited
  2. Citigroup Global Markets India Private Limited
  3. Goldman Sachs (India) Securities Private Limited
  4. HDFC Bank Limited
  5. ICICI Securities Limited
  6. J.P. Morgan India Private Limited
  7. Morgan Stanley India Company Pvt Ltd

One 97 Communications Limited (Paytm) Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
30-Jun-21 30-Jun-20 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 94,590 102,777 91,513 103,031 87,668
Total Revenue 9,480 6,494 31,868 35,407 35,797
Profit After Tax (3,819) (2,844) (17,010) (29,424) (42,309)

 

About One 97 Communications Limited (Paytm)

Consolidated in 2000, One 97 Communications Ltd is India’s driving digital ecosystem for shoppers just as merchants. As of March 31, 2021, the organization has a 333 million+ client base and 21 million+ enlisted merchants to whom it offers payment services, financial services, and commerce and cloud services.

In 2009, the organization dispatched the main digital mobile payment platform, “Paytm App” to offer cashless payment services to clients and presently, it turned into India’s biggest payment platform and the most important payments brand with a complete brand value of US$6.3 billion according to Kantar BrandZ India 2020 Report. The app empowers clients to do cashless transactions at stores, top-up mobile phones, online money transfers, take care of bills, access digital banking services, buy tickets, mess around online, purchase insurance, make investments, and more. In any case, merchants can utilize the platform for advertising, online payment solutions, offering items to clients, and loyalty solutions.

Company Contact Information

One 97 Communications Limited
First Floor, Devika Tower, Nehru Place,
New Delhi 110 019, India

Phone: +91 11 2628 0280
Email: compliance.officer@paytm.com
Website: http://www.paytm.com/

Paytm IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: paytm.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

One 97 Communications Limited (Paytm) Grey Market Price

The One 97 Communications Limited Grey Market Price is not available at the moment.

How to Apply for One 97 Communications Limited (Paytm) IPO

You can apply in Paytm IPO online utilizing either UPI or ASBA as a payment strategy. ASBA IPO application is accessible in the net banking of your bank account. UPI IPO application is presented by brokers who don’t offer banking services. Peruse more insight concerning applying IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

How to Apply for One 97 Communications Limited IPO Through Zerodha?

Zerodha clients can apply online in Paytm IPO utilizing UPI as a payment gateway. Zerodha clients can apply in Paytm IPO by login into Zerodha Console (back office) and submitting an IPO application form.

  1. Visit the Zerodha site and log in to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘Paytm IPO line and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

Final Review of One 97 Communications Limited (Paytm)

Paytm is India’s driving digital services payment platform. It has a solid brand identity and a huge base of clients and merchants.

The organization’s revenues are in declining mode over the most recent 3 years. It is causing losses over the most recent 3 years.

Aside from the solid brand and enormous revenue base (which is in a declining mode), there isn’t anything energizing with regard to the organization.

Such a lot of publicity is being made in the media about this IPO. I realize that investors would get enticed, would apply and even this IPO would get oversubscribed.

Investors ought to avoid such IPOs at this point. Investors can pause and watch how markets would respond to such enormous IPOs and in the future in case there is any adjustment in Paytm Share prices, they can survey one additional time and consider for investment. 

FAQs

What is Paytm IPO?

Paytm IPO is a main-board IPO. They are going to raise ₹18300 Crores via IPO. The issue is priced at ₹2080 to ₹2150 per equity share. The IPO to be listed on BSE & NSE.

When Paytm IPO will open?

The IPO is to open on 08 November 2021 for QIB, NII, and Retail Investors.

What is Paytm IPO Investors Portion?

The investors’ portion for QIB is 75%NII 15%, and Retail 10%.

How to Apply the Paytm IPO?

You can apply for Paytm IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Paytm IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “One 97 Communications”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.

What is Paytm IPO Size?

Paytm IPO size is ₹18300 crores. The IPO comprises ₹8300 crores of fresh issues and offers for sale of ₹10000 crores.

What is Paytm IPO Price Band?

Paytm IPO Price Band is ₹2080 to ₹2150 per equity share.

What is Paytm IPO Minimum and Maximum Lot Size?

The minimum bid is 6 shares with ₹12,900 amount while the maximum bid is 90 shares with ₹193,500.

What is the Paytm IPO Allotment Date?

Paytm IPO allotment date is 15 November 2021.

What is the Paytm IPO Listing Date?

Paytm IPO listing date is 18 November 2021. The IPO to list on BSE and NSE.

More Articles: Financial Solving

LEAVE A REPLY

Please enter your comment!
Please enter your name here