03/11/2021
Paytm (One 97 Communications) IPO Review and Details...
Subscription Dates: 08 No – 10 Nov 2021
Price Band : INR 2,080 – 2,150 per share
Offer For Sale: INR 10,000 crore
Fresh Issue: INR 8,300 crore
Total IPO size: INR 18,300 crore
Minimum bid (lot size): 6 shares
Face Value: INR 1 per share
Retail Allocation: 10%
Listing On: NSE, BSE
Paytm was launched 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, it has 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. As per the Kantar Brand Z India 2020 Report, the “Paytm” brand is India’s most valuable payments brand, with a brand value of USD 6.3 billion.