One 97 Communications LTD was incorporated in the year 2000 and has turned out to be India’s top digital ecosystem designed for consumers and merchants. The application offers e-payment facilities, cloud-based transactions and other financial services to the users.
Later in the year 2009, the company published its first digital mobile platform called Paytm App. According to the latest reports, the platform has more than 333 client bases and more than 20 million registered merchants.
This app was formulated to make cashless payments at stores, top-up cell phones, and offer online money transferring services to any bank or any other Paytm wallet.
Moreover, One 97 Communications LTD which runs the platform Paytm, is now all set to come out with the nation’s largest Initial Public Offer also known as Paytm IPO.
It is to inform you that the Paytm IPO date has been set for the 8th of November, 2021. The dates for the subscription would be available from the 8th of November to the 10th of November only, so the consumers will have only three days time to get it done. As per the predictions, this event would be valuing the company at $19 to $20 billion.
The magnitude of Paytm IPO
The Paytm IPO date is going to be available from 8th November to 10th November that is supposed to involve a total amount of 18.3 crore INR.
The price band set by Paytm IPO per share starts from Rs.2080 to Rs 2150 and comes with a lot of six shares.
In this issue, the position for Qualified Institutional Buyers would be around 75%, and for the Non Institutional investors, it is going to be around 15%, whereas the rest of the 10 per cent would be covered by the retail investors only.
Earlier the Paytm IPO size set by the company was Rs.16,600 crores only which later was increased by more than 1700 crore Rupees to make it a total of Rs.18,300 crore.
Besides this, the Paytm IPO has been found adjusting a new issue of equity shares of about Rs.8,300 crores and an Offer for sale for Rs.10,000 crores.
This was done by the existing shareholders like Alibaba, Financials, Saif Partners, Elevation Capital and others along with the founder Vijay Shekhar Sharma.
What is the use of this Offer?
According to reports, it has been heard that One 97 is intending to use these funds to raise and strengthen the Paytm Ecosystem by acquiring merchants and consumers in a larger space.
The company also found that it has acquired consumers and merchants via marketing, cashback, and several other promotional offers.
This is to provide and enable the merchants to use technology through business and consumer applications, payment platforms and others.
Moreover, One 97 also looks forward to using these funds in new businesses and initiatives to expand growth and success.
Subscription details and Investor categories
The Paytm IPO date fixed by the company is from 8th of November 2021 to 10th of November 2021 where the expected IPO size is going to be Rs.18,300 crore with the listings at NSE, BSE.
Moreover, the Paytm IPO investors can be categorized into four groups. To be more precise, here is a detailed list of each group that you should consider having a look around.
- Qualified institutional buyer (QIB)
Wondering who are the qualified institutional buyers? Well, this category includes financial institutions, banks, FIIs and mutual funds which are registered under SEBI.
This also includes the small investors who make investments via mutual funds, pension schemes and others.
- Non – Institutional Investors (NII)
The category of Non-institutional investors includes NRIs, business organizations, trusts, individual investors, and others.
These are the ones who are assigned for more than two lakh rupees. Other than that, these investors do not need to be registered under SEBI.
- Retail Individual Investors (RII)
This category includes the NRIs and the retail individual investors. They also tend to bid up to Rs.2,00,000 in an IPO.
- Employee and others (EMP)
The employee and the others category have a reserved quota in the IPO which consists of both eligible employees and shareholders.
How to apply for Paytm IPO through Zerodha?
If you are a Zerodha user, then you can easily apply for Paytm IPO using the UPI as a payment gateway.
Just to inform you the UPI business has a market share of 8% in terms of the number of transactions.
The customers of Zerodha can apply for Paytm IPO after logging in to their Zerodha account and going to the Console and then submitting the application form of IPO.
The steps mentioned below will make your task easier.
- Step 1: Visit Zerodha
In the first step, you need to visit the Zerodha website. Then log in to your account and then visit the dashboard (console).
- Step 2: Click on the IPO link
Now you’ll need to click on the IPOs link by visiting the Portfolio section.
- Step 3: Go to Paytm IPO
After this, you need to move to the Paytm IPO row and tap on the Bid button.
- Step 4: Enter details
Now make sure that you enter the correct UPI ID, quantity and price details.
- Step 5: Submit the application form
Once the details have been entered, now is the time to submit the IPO application form. Do that.
- Step 6: Approve
Lastly, you need to check the UPI application you have just created. And, if you find everything seems fine, just click on the Approve button.
It’s done!!!
Here you need to understand something before you submit the application and that is, on the acceptance of your application, the bid amount would get blocked into your bank account.
What is the Paytm Allotment status online?
As the Paytm IPO date has already been declared, there are other important dates with which one should be well acquainted.
The following table will help you to have them ready in front of you for immediate references.
Paytm IPO Schedule
| Schedule name | Date |
| IPO Opening date | 8th November 2021 |
| IPO Closing date | 10th November 2021. |
| Allotment Basis Finalization | 15th November 2021 |
| Refund Initiation | 16th November 2021 |
| Equity Share Credit | 17th November 2021 |
| Date of Listing | 18th November 2021 |
What is the Paytm IPO Lot Size?
The Paytm IPO date begins from November 8th and comes with a market lot size of six shares.
If you are a retail individual investor then the maximum you can apply is up to 15 lots which are approximately 90 shares adding the amount upto Rs.193000.
On the other hand, the minimum is of 1 lot where you would get 6 shares in total that yields the amount of more than Rs.12000.