• Media
    • Exclusive
    • Buzz
    • Movers & Shakers
    • Events
    • International
  • Television
  • Advertising
    • Goafest 2022
    • PR
    • Mobile/Digital
      • Marketing
  • Radio
  • OTT
  • Print
  • Cable & DTH
  • Brand Stories
  • Leaderspeak
  • STRAIGHT TALK
  • My Column
Saturday, August 20, 2022
MediaNews4U
  • Media
    • Exclusive
    • Buzz
    • Movers & Shakers
    • Events
    • International
  • Television
  • Advertising
    • Goafest 2022
    • PR
    • Mobile/Digital
      • Marketing
        • Market Analysis
  • Radio
  • OTT
  • Print
  • Cable & DTH
  • Brand Stories
  • Leaderspeak
  • STRAIGHT TALK
  • My Column
No Result
View All Result
MediaNews4U
  • Media
    • Exclusive
    • Buzz
    • Movers & Shakers
    • Events
    • International
  • Television
  • Advertising
    • Goafest 2022
    • PR
    • Mobile/Digital
      • Marketing
        • Market Analysis
  • Radio
  • OTT
  • Print
  • Cable & DTH
  • Brand Stories
  • Leaderspeak
  • STRAIGHT TALK
  • My Column
No Result
View All Result
MediaNews4U.com
No Result
View All Result
Home Featured

Paytm’s IPO Garners Rs 1,479 crore from Retail investors on Day-1

by Editorial
November 8, 2021
in Featured, Marketing
Reading Time: 2 mins read
Paytm
Share Share ShareShare

Kochi: One 97 Communications Limited (“Company”), the holding company of Paytm, a digital platform for consumers and merchants, received bids of 88,23,924 shares against the offered 4,83,89,422 equity shares, as per the 5:00 pm data available on the bourses.

Retail portion was the most subscribed with 78%, which garnered Rs 1,479 crore, while the reserved portion of non-institutional investors was subscribed 2%, and qualified institutional buyers portion was subscribed 6%. Overall, the issue was subscribed 18%.

The offering comprehends a fresh issue of primary equity shares with a face value of Re 1 each worth Rs 8,300 crore and an offer for sale (OFS) by existing shareholders worth Rs 10,000 crore.

The Company had raised Rs. 8,235 crores from a strong set of anchor Investors. The Company informed the bourses that it had allocated 3,83,02,326 equity shares at Rs. 2,150/- per share on Wednesday, November 3rd, 2021.

Brokerage Houses like Reliance Securities, Arihant Capital Market, Canara Bank Securities etc. have given recommendations of “Subscribe” to the issue for long term perspective.

According to brokerage houses, Paytm has a strong 33% CAGR in GMV, over FY19 – FY21, despite the pandemic, it vindicates Paytm’s leadership and brand value. It is the largest payments platform in India, with a GMV of ~ 4 lakh crore in FY21. Overall, across the India internet sectors, most sectors will be reaching high maturity by FY26 in GMV terms, accounting for a significant share of the overall consumption in that category; thus truly making India a digital economy.

Digital payments markets have been growing steadily over time though India continues to be a cash driven economy. In FY21, it was valued at ~US$20 trillion with 43 billion transactions during the year. Mobile payments, which includes mobile wallet and UPI. Unique mobile payment users to increase from 252 million in FY 2021 to 650-700 million in FY 2026.

Morgan Stanley India Company Private Limited, Goldman Sachs (India) Securities Private Limited, Axis Capital Limited, ICICI Securities Limited, JP Morgan India Private Limited, Citigroup Global Markets India Private Limited, and HDFC Bank Limited are the Book Running Lead Managers (“BRLM”) to the offer.

Tags: ICICI SecuritiesMorgan Stanley IndiaOne 97 CommunicationsPaytmxis Capital

Related Posts

Zee News announces 21-day contest 'Gyaan Bhi Inaam Bhi'
Featured

Zee News announces 21-day contest ‘Gyaan Bhi Inaam Bhi’

by Editorial
August 20, 2022
0

Zee News announced its new campaign “Gyan Bhi Inaam Bhi” contest in order to provide a comprehensive contest experience to its viewers,...

Read more
Schbang launches a content production service -The Global Content Hub
Advertising

Schbang launches a content production service -The Global Content Hub

by Editorial
August 20, 2022
0

Schbang, the creative and technology transformation company, is launching a content production service, the Global Content Hub. The services offered...

Read more
Anandabazaar Patrika

Newspapers that announced India’s freedom: Anandabazaar Patrika

August 18, 2022
Newspapers that announced India’s freedom: The Free Press Journal

Newspapers that announced India’s freedom: The Free Press Journal

August 18, 2022
Newspapers that announced India’s freedom: The Hindu

Newspapers that announced India’s freedom: The Hindu

August 18, 2022
Newspapers that announced India’s freedom: The Times of India

Newspapers that announced India’s freedom: The Times of India

August 18, 2022
Bombay Samachar

Newspapers that announced India’s freedom: Bombay Samachar

August 18, 2022
Newspapers that announced India’s freedom: Malayala Manorama

Newspaper that missed announcing India’s freedom: Malayala Manorama

August 18, 2022

Subscribe to Newsletters

Contact Us :

UPLIFT MEDIANEWS4U DIGITAL PVT LTD

No. 194B , Aram Nagar 2, JP Road

Versova, Andheri West

Mumbai - 400061

Umanath.V
+91-99400-17868
umanath@medianews4u.com

© 2019 medianews4u.com

No Result
View All Result
  • Media
    • Exclusive
    • Buzz
    • Movers & Shakers
    • Events
    • International
  • Television
  • Advertising
    • Goafest 2022
    • PR
    • Mobile/Digital
      • Marketing
  • Radio
  • OTT
  • Print
  • Cable & DTH
  • Brand Stories
  • Leaderspeak
  • STRAIGHT TALK
  • My Column

Medianews4u.com © 2019 - 2022 All rights reserved.