Paytm IPO Detail:Date, Price, Issue Size, Listing Date
Author: Libord Brokerage Pvt. Ltd Posted on 02 Nov 2021 11:54:37Category : ipo news
Paytm IPO Details
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Open Date
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Close Date
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Minimum Investment
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Lot Size
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IPO Size
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IPO Price Range
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Listing Exchange
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8 Nov 2021
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10 Nov 2021
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₹ 12,880
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6
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₹ 18,300 Cr
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₹ 2080 - 2150
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NSE, BSE
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Paytm IPO Tentative Timetable
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Open Date
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Close Date
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Basis of Allotment
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Refunds
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Credit to Demat Account
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Listing Date
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8 Nov 2021
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10 Nov 2021
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15 Nov 2021
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16 Nov 2021
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17 Nov 2021
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18 Nov 2021
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About Paytm
The company was promoted by Vijay Shekhar Sharma way back in 2000 and offers a complete digital payment ecosystem in India. Apart from offering its own proprietary wallet and bank account, The company also facilitates commerce, bill payments and bank to bank transfer of funds on its platform, including UPI transfers.
As of March 2021, it has a client base of over 33 crore who transacted on the platform with 2.10 crore registered merchants. In its last round of funding in 2019, the company was valued at $16 billion and it is expected that its valuation post-IPO would be in the range of $25 billion to $30 billion making it among the valuable digital properties in India.
Financial Status of Company
Paytm has been making net losses over the last 3 years, although the net loss has been narrowing with a gradual fall in the promotional expenditure. Here is a quick summary.
Paytm Financials
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Particulars
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FY-21
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FY-20
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FY-19
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Total Assets
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Rs.9,151 crore
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Rs.10,303 crore
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Rs.8,767 crore
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Total Revenues
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Rs.3,187 crore
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Rs.3,541 crore
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Rs.3,580 crore
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Net Profits
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Rs.(1,701) crore
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Rs.(2,943) crore
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Rs.(4,231) crore
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As is evident from the above table, losses have clearly narrowed even as revenues took a hit due to COVID in FY21. The fresh issue proceeds of Rs.8,300 crore will be mainly used for acquiring customers, strengthening the payment system, strategic partnerships, inorganic acquisitions and for higher-end technology investments.
If the Paytm is something that you’re looking to invest in come November 8, 2021, it would be a good idea to start the demat account opening process right away. Contact Libord Broking now to open demat account online within minutes.
Open Demat Account
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