The season of IPO’s is here and it is growing at a rapid rate. Already Policy Bazaar, Sigachi, and a few other companies have announced their IPO. Paytm has also entered the race. Recently Paytm has announced that Paytm IPO will be out by November. If you are someone who is thinking of investing in the IPO this article is for you. In this article we will tell you everything you need to know about the IPO and if you should invest in it or not. We will also tell you if the investment should be for the long term or the short term. After reading the article you will be able to make the decision of investing in the IPO by yourself. So, without further ado, let’s get right into it.
Details of Paytm Company
Before we go into the details of Paytm IPO here are a few details that you should know about the company. One 97 Communications Ltd, founded in 2000, is India’s premier digital ecosystem for consumers and merchants. The corporation has a 333 million+ customer base and 21 million+ registered merchants as of March 31, 2021. The company provides payment, banking, commerce, and cloud services to these consumers.
In 2009, the group introduced the first wireless telecommunications payment processor, “Paytm App,” to provide customers with cashless payment services, and it has since grown to become India’s largest payment platform and most valuable payments brand, according to Kantar BrandZ India 2020 Report, with a total brand value of US$6.3 billion. Customers may use the app to make contactless purchases in stores, top-up cellphones, send money online, pay bills, use digital banking services, buy tickets, play games online, buy insurance, invest, and more. Merchants, on the other hand, may utilize the platform for branding, payment processing options, product offerings, and loyalty programs.
Should you buy Paytm IPO
The company has more than 333 million users as of October 2021. And it is being evaluated at more than 6 billion USD. More than 114 million transactions are being done using the app every year. All these things make Paytm one of the best companies to buy its IPO.
Crucial Details related to the IPO
| IPO Opening Date | Nov 8, 2021 |
| IPO Closing Date | Nov 10, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹2080 to ₹2150 per equity share |
| Market Lot | 6 Shares |
| Min Order Quantity | 6 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹1 (aggregating up to ₹18,300.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹1 (aggregating up to ₹8,300.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹1 (aggregating up to ₹10,000.00 Cr) |
Hope we have answered your queries related to Paytm IPO.
Stay tuned with Global Coverage for more information.
