Paytm
IPO Size
`18300 Cr
Price Band
`2080-2150 Per Share
Minimum Lot Size
6 Share
Face Value
`1 Per Share
Employee Discount
NA
Retail Allocation
10%
Issue Open Date
8 Nov, 2021
Issue Close Date
10 Nov, 2021
Listing Date
IPO Size
Price Band
Minimum Lot Size
Face Value
Employee Discount
Retail Allocation
Issue Open Date
Issue Close Date
Listing Date
About the Company:
Paytm is India’s leading digital ecosystem for consumers and merchants. The company offers payment services, commerce and cloud services, and financial services to 333 million consumers and over 21 million merchants registered with them, as of March 31, 2021. Two-sided (consumer and merchant) ecosystem enables commerce, and provides access to financial services by leveraging technology to improve the lives of their consumers and help their merchants grow their businesses.
Launched in 2009 as a “mobile-first” digital payments platform it enabled cashless payments for Indians, giving them the power to make payments from their mobile phones. Starting with bill payments and mobile top-ups as the first use cases and Paytm Wallet as the first Paytm Payment Instrument, the company has built the largest payments platform in India based on the number of consumers, number of merchants, number of transactions and revenue as of March 31, 2021.
Outstanding Litigation:
| S.No. | 1 - Company | 2 - Subsidiaries | 3 - Directors | |||
| Criminal cases | 23 | 1 | 1 | |||
| Material civil cases | 1 | - | ||||
| Taxation matters | 18 | 22 | - | |||
| Regulatory Procedings | 1 | 1 | 1 | |||
| Amt. (In Million Rs.) | 37743.8 | 143.1 | Not Quantifiable | |||
Financial Statements:
| Income Statement (In Millions) | FY21 | FY20 | FY19 | |
| Gross Operating Income | 31868 | 35407 | 35797 | |
| Payment Processing Charges | 19168 | 22659 | 22574 | |
| Advertisement & Sales Promotion | 5325 | 13971 | 34083 | |
| Software cloud and data expenses | 3498 | 3603 | 3096 | |
| Cost of Employee | 11849 | 11193 | 8562 | |
| Other Expenses | 5857 | 7726 | 7666 | |
| EBITDA | -13829 | -23745 | -40184 | |
| Depreciation | 1785 | 1745 | 1116 | |
| Interest | 348 | 485 | 342 | |
| Profit Before Tax | -15962 | -25975 | -41642 | |
| Share of Associates/Joint Ventures | -740 | -560 | 146 | |
| Exceptional Items | -281 | -3047 | -825 | |
| Tax | 27 | -158 | -65 | |
| Profit After Tax | -17010 | -29424 | -42256 | |
Paytm is a professionally managed company with no identifiable promoters.
There is no listed peer of the company while the unlisted players are Mobikwik, Freecharge, PhonePe, Paymate, Google Pay and Amazon Pay.
The object of the Offer for Sale is to allow the shareholders to sell an aggregate of Rs. 8,300 crores worth of equity Shares held by them.
The payment solutions platform has planned to raise fresh capital aggregating up to Rs. 10,000 Cr. The net proceeds from fresh issue will be utilized • growing and strengthening our Paytm ecosystem, including through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services; • investing in new business initiatives, acquisitions and strategic partnerships; and • general corporate purposes.