{"id":833,"date":"2021-07-24T08:34:04","date_gmt":"2021-07-24T08:34:04","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=833"},"modified":"2021-07-24T08:34:06","modified_gmt":"2021-07-24T08:34:06","slug":"paytm-and-mobikiwk-filed-their-drhp-to-market-regulator-sebi","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/paytm-and-mobikiwk-filed-their-drhp-to-market-regulator-sebi\/","title":{"rendered":"Paytm and Mobikiwk filed their DRHP to market regulator SEBI"},"content":{"rendered":"
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IPO of Zomato has been a blockbuster event this year. The\nsocial media content was flooded with creativity of content writers and graphic\ndesigners. Segments, revenue mix, offerings and expenses were explained so\nprecisely that a layman can understand the operating structure of digital food\ndelivery platform. The overhang of Zomato IPO is over now and market\nparticipants are looking for new trigger to keep themselves busy. In order to\nkeep investors occupied, market participants have got new triggers in form of\nPaytm and Mobikwik IPOs. Giant payment solution platforms have filed their DRHP\nto market regulator SEBI. <\/p>\n\n\n\n

Think tanks in the Indian equity market feel that the new tech culture in awake of startups listing is going to change the Indian equity market forever. New tech culture will change the earlier benchmarks of valuation parameters and ideology of investors. Startups are popular among the general public and this will push various people to turn them into investors as the familiarity with the popular brands raise confidence level among them.<\/p>\n\n\n\n

Must Read: Glenmark Life Sciences will hit the primary market on July 27. Should you subscribe?<\/a><\/p>\n\n\n\n

Two giant payment solution platforms are going to adorn the Indian\nequity market as they have filed their DRHP to market regulator SEBI.<\/p>\n\n\n\n

Paytm<\/strong><\/p>\n\n\n\n

Founded in 2009 by Vijay Shekhar\nSharma, Paytm is India\u2019s leading digital ecosystem for consumers and merchants.\nThe company offers payment services, commerce and cloud services, and financial\nservices to 333 million consumers and over 21 million merchants registered with\nthem, as of March 31, 2021. Two-sided (consumer and merchant) ecosystem enables\ncommerce, and provides access to financial services by leveraging technology to\nimprove the lives of their consumers and help their merchants grow their\nbusinesses.<\/p>\n\n\n\n

As per the DRHP, the issue size\nof Rs. 16,600 cr. is a mix of fresh issue and offer for sale.<\/p>\n\n\n\n

Offer for Sale: The object of the\nOffer for Sale is to allow the shareholders to sell an aggregate of Rs. 8,300\ncrores worth of equity Shares held by them. <\/p>\n\n\n\n

Fresh Issue: The payment solutions platform has planned to\nraise fresh capital aggregating up to Rs. 8,300 Cr. The net proceeds from fresh\nissue will be utilized for funding organic and inorganic growth.<\/p>\n\n\n\n

Organic Growth: Paytm will spend on technology and expand\nits infrastructure for acquisition and retention of customers that will\nstrengthen payment ecosystem.<\/p>\n\n\n\n

Inorganic Growth: Growth by investing towards acquisitions\nand strategic alliances.<\/p>\n\n\n\n

Mobikwik<\/strong><\/p>\n\n\n\n

Founded in 2009 by Bipin Preet\nSingh, <\/strong>One Mobikwik Systems Ltd. is\na fintech company. It is one of the largest mobile wallets (MobiKwik Wallet)\nand Buy Now Pay Later player in India, based on mobile wallet gross merchandise\nvalue in FY 2021. The payment gateway platform leverage big data analytics and\ndeep data science (including machine learning) to continuously delight users\nand merchants. The company commenced its operations in 2009 with the MobiKwik\nWallet so that users could load money into a mobile wallet and use it to pay\ntheir utility bills in a single click. In May 2019, the firm launched MobiKwik\nZip, a flagship BNPL product, with a focus on the Indian middle-class\npopulation to enable them to make payments for daily life use cases.<\/p>\n\n\n\n

As per the DRHP, the issue size\nof Rs. 16,600 cr. is a mix of fresh issue and offer for sale.<\/p>\n\n\n\n

Offer for Sale: The object of the\nOffer for Sale is to allow the shareholders to sell an aggregate of Rs. 400\ncrores worth of equity Shares held by them. Selling investors are: American\nExpress Travel Related Service Company, Bajaj Finance, Bipin Preet Singh, Cisco\nSystems, Sequoia Capital, Tree Line Asia Fund and Upasana Taku.<\/p>\n\n\n\n

Fresh Issue: The payment solutions platform has planned to raise fresh capital aggregating up to Rs. 1,500 Cr. The net proceeds from fresh issue will be utilized for funding organic and inorganic growth.<\/p>\n\n\n\n

Also Read: Zomato has a bumper listing! What investors should do now?<\/a><\/p>\n

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IPO of Zomato has been a blockbuster event this year. The social media content was flooded with creativity of content writers and graphic designers. Segments, […] Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":834,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,2,7],"tags":[],"class_list":["post-833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-stock-market","category-investment"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=833"}],"version-history":[{"count":1,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/833\/revisions"}],"predecessor-version":[{"id":835,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/833\/revisions\/835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/834"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}