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November 09, 2021 / 05:04 PM IST

Paytm IPO Highlights | Total subscription at 48% at close of Day 2, retail portion booked 1.23 times

Paytm IPO Live: The offer opened for investors on November 8 and it will close on November 10. The price band for the offer has been fixed at Rs 2,080 to Rs 2,150 per equity share.

  • November 09, 2021 / 05:04 PM IST

    Paytm IPO Day 2 highlights: One97 Communications-owned Paytm opened its initial public offering for subscription on November 8. This is the largest-ever public issue in the history of Indian capital markets.

    The Rs 18,300-crore IPO had been subscribed 48 percent on November 9, the second day of bidding, receiving bids for 2.34 crore equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 1.23 times, while the reserved portion of non-institutional investors was subscribed 5 percent, and qualified institutional buyers have put in bids for 46 percent shares of the portion set aside for them.

  • November 09, 2021 / 04:40 PM IST

    Paytm IPO Day 2 updates: One97 Communications-owned Paytm opened its initial public offering for subscription on November 8. This is the largest-ever public issue in the history of Indian capital markets.

    The Rs 18,300-crore IPO had been subscribed 48 percent on November 9, the second day of bidding, receiving bids for 2.32 crore equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 1.22 times, while the reserved portion of non-institutional investors was subscribed 5 percent, and qualified institutional buyers have put in bids for 45 percent shares of the portion set aside for them.

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  • November 09, 2021 / 04:20 PM IST

    Indian Payment System

    Consumers are rapidly switching to digital payments as it provides simple, safe and convenient ways to transfer money across accounts. Similarly, for merchants, acceptance of payments in digital form has increased significantly. Digital payments market size estimated by value at ~$20 trillion with 43 billion transactions in FY21. Digital payments by value are expected to grow at a CAGR ~17% to reach ~45 trillion over the forecasted period of FY21-FYE26.

    Digital payments by volume are expected to grow at a CAGR ~30% to reach ~160 billions over the forecasted period of FY21-FYE26. The growth is mainly driven by Mobile payments which includes mobile wallet and UPI.

  • November 09, 2021 / 04:14 PM IST

    Paytm IPO Day 2 updates: One97 Communications-owned Paytm opened its initial public offering for subscription on November 8. This is the largest-ever public issue in the history of Indian capital markets.

    The Rs 18,300-crore IPO had been subscribed 47 percent on November 9, the second day of bidding, receiving bids for 2.29 crore equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 1.19 times, while the reserved portion of non-institutional investors was subscribed 4 percent, and qualified institutional buyers have put in bids for 45 percent shares of the portion set aside for them.

  • November 09, 2021 / 03:57 PM IST

    Anand Rathi Assigns Subscribe Rating

    "At the upper end of the IPO price band, One 97 Communications is offered at P/B of 9.5x with a market capitalization of Rs 1,39,378.8 crore. The company benefits from both customer side and merchant side by providing payment and other services through Paytm app, the company further aims to expand its reach and benefit from scale which is challenging for other players," says Anand Rathi.

    "The company reported contribution profit of Rs 363 crore and EBITDA loss of Rs 1,655 crore in FY21. Given that the company’s ecosystem allows it to address large market opportunities, scale and reach, product, technology and leadership - we give this IPO a subscribe (long-term) rating," the brokerage says.

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  • November 09, 2021 / 03:40 PM IST

    Paytm IPO Day 2 updates: One97 Communications-owned Paytm opened its initial public offering for subscription on November 8. This is the largest-ever public issue in the history of Indian capital markets.

    The Rs 18,300-crore IPO had been subscribed 39 percent on November 9, the second day of bidding, receiving bids for 1.88 crore equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 1.17 times, while the reserved portion of non-institutional investors was subscribed 4 percent, and qualified institutional buyers have put in bids for 30 percent shares of the portion set aside for them.

  • November 09, 2021 / 03:39 PM IST

    Paytm Is Good Bet For Listing Gains, says Analyst

    "Paytm IPO is not only the largest ever IPO in India, but it also marks the entry of a disruptive Fintech innovator into the Indian public market. The new economy of fintech, digital-first space will have the highest growth potential in the coming few years in India with penetration of banking and digitization both multiplying. Paytm IPO will allow the Indian public markets to participate in this growth journey," says Sonam Srivastava of Wright Research.

    She further says, "Paytm has a colossal scale, brand value, and an ecosystem of interconnected digital fintech businesses in payment, credit, banking, wealth management, and e-commerce that can grow with synergy. However, Paytm is a growth company that is loss-making and would continue to be so. Paytm also faces stiff competition in the Payments space from UPI and Google and its aspirational foray into financial services from established players."

    Given the IPO frenzy that we see in India with an average listing gain of 44 perrcent, this flag-bearing IPO is a good bet for listing gains, she advised.

  • November 09, 2021 / 03:26 PM IST

    Paytm IPO Day 2 updates: One97 Communications-owned Paytm opened its initial public offering for subscription on November 8. This is the largest-ever public issue in the history of Indian capital markets.

    The Rs 18,300-crore IPO had been subscribed 37 percent on November 9, the second day of bidding, receiving bids for 1.80 crore equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 1.13 times, while the reserved portion of non-institutional investors was subscribed 3 percent, and qualified institutional buyers have put in bids for 29 percent shares of the portion set aside for them.

  • November 09, 2021 / 03:14 PM IST

    Arihant Capital Markets Says Subscribe Paytm IPO

    "At the upper band of Rs 2150, the issue is valued at a P/BV of 21.3x FY21 P/BV and 49.7x FY21 P/sales (post issue). Rising pace of digitalization continues to present significant opportunity to grow the user base for online transactions for bill payments, shopping , entertainment, and other financial needs. Monetizing the large installed customer/merchant base of Paytm for broader financial service offerings, such as credit, wealth, and insurance will is the key opportunity for the company and it would lead to the profitability going forward. Valuation of the company is on higher side. Thus, we recommend investor to “subscribe this issue for listing gain," says Arihant Capital Markets.

  • November 09, 2021 / 03:11 PM IST

    Paytm Financials

      Paytm Financials
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  • November 09, 2021 / 02:58 PM IST

    Paytm IPO Day 2 updates: One97 Communications-owned Paytm opened its initial public offering for subscription on November 8. This is the largest-ever public issue in the history of Indian capital markets.

    The Rs 18,300-crore IPO had been subscribed 37 percent on November 9, the second day of bidding, receiving bids for 1.78 crore equity shares against offer size of 4.83 crore shares. The portion set aside for retail investors was subscribed 1.11 times, while the reserved portion of non-institutional investors was subscribed 3 percent, and qualified institutional buyers have put in bids for 29 percent shares of the portion set aside for them.

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