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Opening Date
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November 8, 2021
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Closing Date
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November 10, 2021
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Face Value
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Rs 1 per equity share
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IPO Price Band
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₹2080 to ₹2150 per equity share
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Minimum Order Quantity
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6
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Issue Size
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Rs 18,300.00 Crs
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The month of October 2021 is here to hit the Indian Stock Market with a bang! With more than 6 IPOs lined up, investors are informed to be aware of every momentum that takes place. One of the 6 major IPOs that will be going live this month is - Paytm (One 97 Communications) Ltd. So, let’s delve deep into understanding some key elements about the company!
Paytm (One 97 Communications) Ltd is India’s leading multinational technology company, which has acquired its base in designing smarter and convenient digital payment systems, e-commerce and finance. Valued at $16 Billion, Paytm incorporated in the year 2000, has over 21 million merchants across India using its services. The Indian unicorn offers its services to more than 333 million customers, generating a revenue of Rs 28 Billion. Not only this, the company has a total number of 64 million Payment Bank Accounts associated with itself, making it one amongst the most valued brands of the country.
- Paytm (One 97 Communications) Ltd IPO details -
Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Paytm (One 97 Communications) Ltd IPO date and it’s share price.
- Paytm (One 97 Communications) Ltd IPO date -
According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live from November 8, 2021 and will be available for subscription until November 10, 2021.
- Paytm (One 97 Communications) Ltd IPO issue size -
The total issue size of the latest IPO of Paytm (One 97 Communications) Ltd Ltd is expected to be around Rs 18300 crores. It is deemed to be India’s biggest IPO till date. The fresh issue comprises Rs 8,300 crores and the offer for sale is declared to be Rs 10,000 crores.
- Paytm (One 97 Communications) Ltd IPO share price
The price band of the company’s upcoming IPO is declared to be ₹2080 to ₹2150 per equity share
- Paytm (One 97 Communications) Ltd IPO listing
Since the IPO of Paytm (One 97 Communications) Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)
- Paytm (One 97 Communications) Ltd IPO objectives
According to the Red Herring Prospectus filed by the company, it aims to utilise the Net Proceeds towards funding the following objects
- Growing and strengthening its Paytm ecosystem, including through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services;
- Investing in new business initiatives, acquisitions and strategic partnerships; and
- Other general corporate purposes
Conclusion
Paytm, being on the verge of becoming India’s biggest IPO till date, has surely got everyone excited and waiting. If you want to invest in this new-age technology led company, you will first need to have an online DEMAT Account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal.
If you already have an existing account, you can start your online trading and invest in the upcoming IPO's.
With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.