Paytm Ipo Today

One97 Communications, Sapphire Foods India, and Latent View Analytics are set to launch their initial share sale this week, with Paytm starting today!

 

One97 Communications, the owner of Paytm, is opening India’s largest IPO with 2.44 billion Dollars dual listing on Bombay stock exchange and National stock exchanges from today, Nov 8, closing on Nov 10.

 

The Initial Public Offering constitutes fresh allocation of Rs 8,300-10,000 crore worth equity shares from an Offer For Sale by existing shareholders. 

 

The company has implied the valuation of Rs 1.48 Lakh Crore and has fixed the price of Rs 2,080-2,150 each. 

 

If the public offering of Rs 18,300-crore goes successful, it will be the biggest IPO of the country since Coal India in 2010.  

 

Vijay Shekhar Sharma is the managing director and CEO Vijay Shekhar Sharma of the company. He is among the top investors diluting the stakes in the IPO along with China’s Ant Group, Japan’s SoftBank, Alibaba and Elevation Capital.

 

Investment Authority- Canada Pension Plan Investment Board and BlackRock Global Funds Abu Dhabi.

 

PAYTM’s TOP SHAREHOLDERS AND THEIR SHARE PERCENTAGE

On Nov 3, from anchor investors, Paytm raised around Rs 8,235 crore.

 

With the finance raised from the IPO, the company will invest in several activities such as; acquisition of consumers and merchants to provide them with greater access to financial services and technology. The company is also going to invest in new partnerships, business ventures, and acquisitions. The left out funds will be directed towards other corporate activities.

 

PAYTM

 

The owner of Paytm, One97 Communications, is opening its IPO today, which is estimated to be the biggest IPO in the country due to its diversified regulatory access under a single roof. 

 

Nikhil Kamatha, the Co-founder of True Beacon and Zerodha, has said that PAYTM’s focus on diversification is the reason for the lack of depth in their particular business books, which makes them different from their competitors, which focus more on specialization. 

 

Paytm is an Indian digital payment system that was launched a decade ago and was formerly known as One97 Communications. Paytm has been noted as having negative cash flow from operating activities of FY19, FY20, and FY21 by brokerages. 

 

With a GMV of Rs 4,03,300 crore in FY21 and Rs 3,03,200 crore in FY20, Paytm is the most significant payments platform in India. 

 

PAYTM’s BUSINESS- KEY STATS

The fast online money transactions site Paytm had swelled in 2016 during the demonetization when the high-value Indian notes were banned in the country. 

 

India and IPO

 

After One97 Communications today, Sapphire Foods India that operates KFC and Pizza Hut outlets, and Latent View Analytics are also ready to open their IPO on Nov 9 and Nov 10, respectively. 

 

These three Initial Public offerings collectively sum up to around Rs 21,000 crore. 

 

Sapphire Foods India will issue a complete Offer Of Sale of 17,569,941 equity shares by existing shareholders and promoters. Latent View Analytics will issue equity shares of the face value of Rs. 1, aggregating up to Rs. 600.00 Crores. 

This three grand IPO opening follows five companies; FSN E-Commerce Ventures that runs Nykaa, Fino Payments Bank, PB Fintech, SJS Enterprises, and Sigachi Industries that successfully concluded their Initial public offerings last week.

 

In 2021 so far, 46 companies have opened their IPOs in India, raising Rs 80,102 crore. The market experts believe that 2021 may close with the primary market fundraising of Rs 1-lakh crore.