One97 Communications is India’s leading digital ecosystem for sellers and customers. In 2009, Paytm was introduced as the first mobile digital platform to enable cashless payments in the economy. Currently, it is the largest online payment platform with over 33 million registered consumers. The company makes money from three major services: payment services, commercial and cloud services, and financial services. While One97 Communications has consistently lost money over the past few years, the constant pace of digital development in India could transform Paytm into a profitable business model.
Paytm IPO Price : ₹2080 to ₹2150 per equity share
Market Lot : 6 Shares
Minimum Lot : 1 (Price ₹12,900)
Maximum Lot : 15 (Price ₹193,500)
Paytm’s IPO will begin on November 8, 2021 and will end on November 10, 2021. The next IPO will consist of an issue volume of 18,300 chlores. That is, 8,300 chlores for new issues and 10,000 chlores for offers. sell.
Paytm A Loss Making Company : One97 Communications Ltd, which is the parent company of Paytm, posted a net loss of ₹2,833.18 crore in the year ended March 31, 2020, according to data sources from Tofler. This was an improvement from the net loss of ₹3,959.64 crore in 2018-19, it revealed.
CompetitivenessIndia’s leading digital payment service platform. A strong brand identity with a brand value of $ 6.3 billion. Large customer base with 333 million total customers, 114 million annual transactions and 21 million registered merchants. Paytm Superapp for accessing a wide range of digital payment services via mobile phones.
Paytm IPO Application: Investors wishing to subscribe to Paytm IPO can submit offers for 6 shares and multiples thereof. In the maximum price range, you have to spend Rs 12,900 to get one lot from One 97 Communications. The shares are listed on both BSE and NSE.
Objective of issue: Net income from the IPO will be used for the following purposes: £ 4.3 trillion to grow and strengthen the Paytm ecosystem, including the acquisition and retention of consumers and merchants, and the provision of better access to technology and financial services. Investing £ 2bn in new business initiatives, acquisitions and strategic partnerships