Paytm’s IPO has opened on 8 November 2021 and it has also been described as India’s biggest IPO after Coal India which is worth Rs 18,300 crore. There is a lot of enthusiasm among investors to invest in the IPO of digital payment company Paytm. But investors need to know its position before investing in the company, understand the accounting of the company.
The company is mainly working in payment, banking, insurance, wealth management, e-commerce and other sectors. The company has users doing 122 million transactions annually and more than 21 million merchants are connected and there are more than 303 million users in total.
Paytm IPO Allotment Status will be released on 15th November 2021. Check your application status from the link attached at the end of this post.
Paytm IPO GMP Today
The IPO of Paytm’s parent company One 97 Communications Limited has opened for subscription 8 November. It will be open till 10 November 2021. The initial public offering will consist of an offer for sale of Rs 10,000 crore and fresh issue of Rs 8,300 crore. The band for Paytm’s IPO has been fixed at Rs 2080 to Rs 2150 per share. It is being said to be the biggest IPO in the country.
Through this IPO, existing investors of the company will sell shares worth Rs. 10,000 crore, while fresh shares worth Rs. 8,300 crore will be issued.At present, Paytm has more than 34 crore users in the country. In the coming few days, the payment will be completely digitized and now investors are being advised to invest in Paytm’s IPO.
Paytm was launched almost a decade ago as a platform for mobile recharging. After the demonetization in 2016, Paytm grew very fast in India, everyone started moving towards digital payments and this became the reason for the popularity of Paytm.
Moving forward, today Paytm has forayed into the sale of insurance and gold, movie and flight tickets, and even bank deposits.The bidding date for Paytm IPO has started. It is believed that this is going to be the biggest IPO of India. If the company achieves this goal, then it will become the biggest IPO in the country till date. In such a situation, people are investing their money in this IPO on a large scale.
Paytm IPO -Allotment Date, Price, Lot Size, Share Price
|IPO Opening Date||8/11/ 2021|
|IPO Closing Date||10/11/ 2021|
|Issue Type||Book Built|
|Face Value||1 per share|
|IPO Price||2,080 to 2,150 per equity share|
|Minimum Amount||Rs 12,900|
|Listing At||BSE, NSE|
|Issue Size||16600 Crore|
|Fresh Issue||8300 Crore|
|Offer for Sale||8300 Crore|
Paytm IPO- Subscription Status
For information,its bidding date will run from 8 November 2021 to 10 November 2021. In such a situation, there is a possibility that investors can make big profits from this IPO. The price band of the company’s stock has been fixed at 2080-2150. The last date to invest in the initial public offering of the company is November 10, 2021.
The company has started subscriptions now and Paytm’s giant investor ANT Financial is planning to sell a stake of about 27.9 per cent, or $643 million. Apart from this, Paytm’s MD and CEO Vijay Shekhar Sharma will sell shares worth about Rs 402 crore.
How can you invest in Paytm IPO through your bank?
- You need to have a demat account to invest in it. You need to follow these steps to invest in Paytm IPO through your bank
- For this, first you have to visit the net banking website of your bank and after visiting here login for net banking.
- Now you have to click on the investment section and there select the option of IPO.
- Now a new page will open on your screen, where you will have to enter investment and bank account details for verification.
- After doing this select Paytm IPO and on the new page you have to enter the number of shares and the bid price.
- After that click on the declaration box and submit and now your application will be accepted and your amount will be blocked till the fund allotment date.
|Linkintime Website||Click Here|
|BSE India Website||Click Here|
|Official Website||Click Here|
|NPSC Homepage||Click Here|
Paytm IPO 2021 Dates
|IPO Open Date||8/11/ 2021|
|IPO Close Date||10/11/ 2021|
|Basis of Allotment Date||15/11/ 2021|
|Initiation of Refunds||16/11/ 2021|
|Credit of Shares to Demat Account||17/11/ 2021|
|IPO Listing Date||18/11/ 2021|