Paytm IPO GMP Today, Allotment, Lot Size, Share Price will be discussed here. One97 Communications, the parent company of digital payments business Paytm, will launch its Rs 18,300 crore Paytm initial public offering (IPO) on Monday, November 8, 2021, and subscriptions will be accepted until Wednesday, November 10, 2021.
Paytm IPO GMP Today
The IPO’s price range has been set at Rs 2,080-2,150 per share with a face value of Rs 1. Sebi, the markets regulator, gave the corporation the go-light last week. The deal intends to generate Rs 18,300 crore for the digital payments giant. The business has boosted the amount of its IPO from Rs 16,600 crore to Rs 1,700 crore, with the rise ultimately due to existing owners selling additional shares.
IPO Market Lot for Paytm AMC (Final) – The minimum market lot for the Paytm IPO in six shares, with a minimum application amount of $12,900. Retail investors may apply for up to 15 lots of 90 shares with a total application amount of $193,500.
Paytm Allotment Today
The Paytm IPO will take place on November 8, 2021, and will conclude on November 10, 2021. The IPO may list on November 18, 2021, with an allotted November 15, 2021.
Disclaimer – The mention of IPO Grey Market Premium (Paytm IPO GMP) is only valid for the date specified in the header. On the IPO Grey Market, we do not purchase or sell IPO forms. The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to someone else before the issue is allotted or listed.
Do not subscribe to an IPO based only on the premium price since it may alter at any moment before the listing. Only evaluate the fundamentals of the company while subscribing.
- India’s most popular digital payment platform.
- With a brand value of US$6.3 billion, the company has a strong brand identity.
- With 333 million overall consumers, 114 million yearly transactional users, and 21 million registered merchants, the company has a large client base.
- Paytm Super-app allows you to use your phone to access a variety of digital payment services.
The Issue’s Objects
The net proceeds from the first public offering will be used for the following purposes:
- Increasing the size and strength of the Paytm ecosystem, including attracting and retaining customers and merchants and giving them more access to technology and financial services. – a total of 4,300 crores.
- Investing 2,000 crores in new business ventures, acquisitions, and strategic alliances.
- Corporate purposes in general
Paytm Lot Size
According to the latest news, Paytm’s parent company has sold its 38 percent investment in Paytm IPO One97 Communications to Alibaba and the Ant Group. In comparison, Elevation Capital owns roughly 17.65 percent of Paytm, and SoftBank owns 18.37 percent.
According to Varun Sridhar, CEO of Paytm, the IPO market was experiencing a surge a few months ago. As a result, Paytm will give a direct IPO to all of its customers and merchants through an approved UPI payments bank.
Paytm’s initial public offering (IPO) will begin in September 2021, and investors will access it once it is available on the platform. This is beneficial to all individuals who want to invest but cannot do so due to a variety of factors.
Paytm will now offer a platform for all investors to participate in IPOs, with a live webcast starting at 9 a.m. and ending at 3 p.m. Before using the Paytm IPO service online, it is also required for all investors to study the rules and regulations.
Paytm IPO Allotment 2021
Paytm’s IPO will surpass Coal India’s IPO as the country’s biggest ever, with a valuation of Rs 18,300 crore. In 2010, Coal India raised Rs 15,000 crore.
According to a newspaper advertising in Financial Express, investors who want to subscribe to Paytm’s IPO may bid in lots of six equity shares and multiples thereof. They’ll have to pay Rs 12,900 for a single batch of One 97 Communications at the top of the pricing scale. Both the BSE and the NSE will list the shares.
In the Paytm IPO, 75% of the shares would be allocated for qualified institutional buyers (QIBs) and 15% for non-institutional investors (NIIs). Retail investors will be able to purchase the remaining 10% of the issuance.
According to the information in the IPO, the proceeds will be used to (1) grow and strengthen our Paytm ecosystem, including by acquiring consumers and merchants and providing them with greater access to technology and financial services, (2) invest in new business initiatives, acquisitions, and strategic partnerships, and (3) for general corporate purposes.