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Details you don’t want to miss

Issue size

Upto Rs. 18,300 cr

Issue Period

Nov 8 - Nov 10, 2021

Price band

Rs. 2080 - Rs. 2150

Market lot / Multiples

6 shares

Issue Timeline

Bidding period

Nov 8 - Nov 10, 2021

Allotment

Nov 15, 2021

Refund Initiation

Nov 16, 2021

Share Crediting

Nov 17, 2021

Listing

Nov 18, 2021

One 97 Communications Pvt Ltd (Paytm) Overview

Paytm, owned by One 97 Communications Ltd, is India’s leading digital ecosystem for consumers and merchants, according to RedSeer. The company offers payment services, commerce and cloud services, and financial services to 333 million consumers and over 21.1 million merchants, as of March 31, 2021. A two-sided (consumer and merchant) ecosystem enables commerce, and provides access to financial services through financial institution partners, by leveraging technology to improve the lives of consumers and helps their merchants grow their businesses.

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Strengths & Risks associated

Top 0 Strengths

  • 1

    Increasing pace of digitization

    According to RedSeer, India’s active internet users are expected to increase from 400-450 million in FY 2021 to approximately 900 million in FY 2026. These users are expected to transact online for bill payments, shopping, entertainment and other needs.

  • 2

    Regulatory initiatives driving digitization of payments and financial services

    Regulators like the RBI, SEBI, and IRDAI have acted as enablers of “Digital India” through continual reforms and encouraging innovation in the marketplace - RBI’s introduction of payments bank licensing regime, wallet licensing regime, AADHAR universal identity and creation of UPI has contributed to digitization of payments.

  • 3

    Underpenetration and rising digitization of financial services

    By FY 2026, as per RedSeer, Indian retail lending is expected to be a US$1 trillion market, MSME lending is expected to be US$600 billion market, insurance is expected to be US$228 billion market

Top 0 risks

  • 1

    Competetive industry of operation

    Participate in markets that are continuously evolving technology and consumer needs. Inability to innovate in future may have adverse impacts on business.

  • 2

    Reliance on the core service

    Majority of the revenue is derived from payment services. Ongoing efforts to expand the service offerings and market reach may not succeed and may impact growth.

Financials

  • Total Income
  • Total assets
  • Net cash inflows/(outflows)
  • Total borrowings
  • Basic Earnings per Share (EPS)
  • Profit/Loss after Tax

Total Income

Total assets

Net cash inflows/(outflows)

Total borrowings

Basic Earnings per Share (EPS)

Profit/Loss after Tax

Industry Trends

Subscription Status

Retail Individual Investor
Non-Institutional Investor
Qualified Institutional Buyers
Overall

Past performance of IPOs

Why invest in IPO through ICICIdirect

Paperless Applications

Hassle-free refunds

Convenient investments within a few clicks

Multiple modes of application

FAQs

An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.

A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO).

Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares.

If an investor wants to place bids for less than Rs.2 lacs, he needs to apply in the Retail segment. If an investor wants to bid for more than Rs.2 lacs, he needs to apply in the HNI segment.

Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.

When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.

An investor can apply in all Mainboard IPOs through ICICIdirect. However, if the investor wants to apply in SME IPOs, he/she can do it through the net banking portal of ICICI Bank.

ASBA stands for "Applications Supported by Blocked Accounts". At the time of bidding, investors’ account is blocked to the extent of the bid amount and debited only at the time of allotment. This facility is being offered by ICICIDirect in affiliation with ICICI Bank Limited.

In other payment options, the bid amount is debited when investors’ bid application is placed with the stock exchanges. Under the ASBA process, the amount will be debited from investors’ bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in investors’ bank account.

Application under this facility can be placed only for Book Built Public Issues.

An investor can place maximum of 3 bids in an issue.

The investor with Demat account in ICICIdirect can apply in an IPO by logging in to his ICICIdirect Account. The investor needs to select IPO and then the name of the IPO in which he would like to apply. Given below is the path:

Login to ICICIdirect account >> IPO >> Name of IPO

Investor can apply in the retail section of an IPO through iDirect Portal even if he has a 2-in-1 account (Demat, Trading Accounts) with us and Bank account with third party.

Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised.

However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment

No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected.

If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.

In cases where issue is over-subscribed, bidding for more than 1 lot from the same account doesn’t help as maximum of only 1 lot can be provided against each application. However, if the investor applies for 1 lot from different accounts, the probability of allocation of shares increases.