This blog session has ended. Tune into moneycontrol.comformore updates.
This blog session has ended. Tune into moneycontrol.comformore updates.
One97 Communications-owned Paytm opened its initial public offering for subscription today. This is the largest-ever public issue in the history of Indian capital markets.
The Rs 18,300-crore IPO had been subscribed 18 percent on November 8, the first day of bidding, receiving bids for 88.23lakh equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 78 percent, while the reserved portion of non-institutional investors was subscribed 2 percent, and qualified institutional buyers have put in bids for 16.78 lakh shares against 2.63 crore shares set aside for them.
One97 Communications-owned Paytm opened its initial public offering for subscription today. This is the largest-ever public issue in the history of Indian capital markets.
The Rs 18,300-crore IPO had been subscribed 18 percent on November 8, the first day of bidding, receiving bids for 85.81 lakh equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 76 percent, while the reserved portion of non-institutional investors was subscribed 2 percent, and qualified institutional buyers have put in bids for 16.78 lakh shares against 2.63 crore shares set aside for them.
a) Paytm hasa history of net losses and we may not be able to achieve profitability.
b) The ongoing COVID-19 pandemic and measures intended to prevent its spread have had, and may continue to have, a material and adverse effect on the business and results of operations.
c) The company may suffer if they are unable to retain existing customers, acquire new customers, grow the amount of consumer transactions, or increase in the client acquisition expenses.
d) Their payment services account for the majority of their income. Their attempts to broaden their service offerings and market reach may not be successful, which might have a negative impact on their income.
e) The business might suffer if they do not maintain or develop their technological infrastructure.
One97 Communications-owned Paytm opened its initial public offering for subscription today. This is the largest-ever public issue in the history of Indian capital markets.
The Rs 18,300-crore IPO had been subscribed 17 percent on November 8, the first day of bidding, receiving bids for 82.89 lakh equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 73 percent, while the reserved portion of non-institutional investors was subscribed 1 percent, and qualified institutional buyers have put in bids for 16.78 lakh shares against 2.63 crore shares set aside for them.
One97 Communications-owned Paytm opened its initial public offering for subscription today. This is the largest-ever public issue in the history of Indian capital markets.
The Rs 18,300-crore IPO had been subscribed 16 percent on November 8, the first day of bidding, receiving bids for 75.28 lakh equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 65 percent, while the reserved portion of non-institutional investors was subscribed 1 percent, and qualified institutional buyers have put in bids for 16.78 lakh shares against 2.63 crore shares set aside for them.
One97 Communications-owned Paytmopened its initial public offering for subscription today. This is the largest-ever public issue in the history of Indian capital markets.
The Rs 18,300-croreIPO had been subscribed 12 percent on November 8, the first day of bidding, receiving bids for 57.54 lakh equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 63 percent, while the reserved portion of non-institutional investors was subscribed 1 percent, and qualified institutional buyers have put in bids for 1.09 lakh shares against 2.63 crore shares set aside for them.
One97 Communications-owned Paytm opened its initial public offering for subscription today. This is the largest-ever public issue in the history of Indian capital markets.
The Rs 18,300-crore IPO had been subscribed 12 percent on November 8, the first day of bidding, receiving bids for 57.35 lakh equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 63 percent, while the reserved portion of non-institutional investors was subscribed 1 percent, and qualified institutional buyers have put in bids for 1.09 lakh shares against 2.63 crore shares set aside for them.
Vijay Shekhar Sharma is the Founder, Managing Director and Chief Executive Officer of the company and the Chairman of the Board. He oversees the Company's key strategic efforts including engineering, design and marketing.
Madhur Deora is the President and Group Chief Financial Officer of the company. Manmeet Singh Dhody is the Chief Technology Officer, Payments.
Vikas Garg is the Chief Financial Officer of the company. Sudhanshu Gupta is the Chief Operating Officer of Paytm First Games Pvt Ltd, their Subsidiary.'
Bhavesh Gupta is the Chief Executive Officer of Lending Business of the company. Renu Satti is the Chief Operating Officer of Offline Payments of the company.
Praveen Kumar Sharma is the Managing Director and Chief Executive Officer of Paytm Payments Services Ltd. Harinderpal Singh Takhar is the Chief Executive Officer of Paytm Labs Inc, their Subsidiary.
"Paytm had an average engineering and technology team of 2,550 members and 2,471 members in FY 2021 and in the three months ended June 30, 2021. Company’s technology stack is built ground up and integrated across all aspects of its ecosystem. Building technology and innovating at each layer of the technology stack, allows company to ensure that company is able to launch products and services quickly, build various features, offer integrated and synergistic products, ensure system stability, handle large scale and provide highest success rates. This significantly improves the experience of company’s consumers and merchants on company’s ecosystem," said Hem Securities.
One97 Communications-owned Paytmopened its initial public offering for subscription today. This is the largest-ever public issue in the history of Indian capital markets.
The Rs 18,300-croreIPO had been subscribed 11 percent on November 8, the first day of bidding, receiving bids for 53.60 lakh equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 59 percent, while the reserved portion of non-institutional investors was subscribed 1 percent, and qualified institutional buyers have put in bids for 1.09 lakh shares against 2.63 crore shares set aside for them.
Incorporated in 2000, One97 Communications (Paytm‛) 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.
