Paytm IPO
Paytm IPO — date, price band, lot size & details 2021
Paytm listed on 18 Nov 2021 at ₹1,950, 9.3% below the ₹2,150 issue price.
Paytm, run by One 97 Communications, is a digital ecosystem for consumers and merchants offering payments, financial services, commerce and cloud services. Its total income was Rs 3,186.80 crore in FY2021.
Stock price
Paytm is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 08 Nov 2021
- Close 10 Nov 2021
- Allotment 15 Nov 2021
- Refund/credit 16 Nov 2021
- Listing 18 Nov 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 8 to 10 Nov, 2021 |
|---|---|
| Price Band | ₹2080 – ₹2150 |
| Face Value | ₹1 |
| Lot Size | 6 Shares |
| Issue Size | ₹18300 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 12,900 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 6 shares at the ₹2150 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 6 | ₹12,900 |
| Retail (max) | 15 | 90 | ₹1,93,500 |
| S-HNI (min) | 16 | 96 | ₹2,06,400 |
| S-HNI (max) | 77 | 462 | ₹9,93,300 |
| B-HNI (min) | 78 | 468 | ₹10,06,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01The loss narrowed from Rs 4,225.60 crore in FY2019 to Rs 1,701.00 crore in FY2021.
- 02Rs 8,300.00 crore of the issue was fresh capital for the ecosystem, new businesses and acquisitions.
- 03It had a base of 333 million+ consumers and 21 million+ registered merchants on 31 March 2021.
- 04Net worth was Rs 6,265.80 crore on 30 June 2021, against borrowing of Rs 476.00 crore.
- 05EBITDA loss narrowed from Rs 4,366.10 crore in FY2019 to Rs 1,767.30 crore in FY2021.
Risks · 5
- 01The company made losses in every period shown, including Rs 381.90 crore in the three months to 30 June 2021.
- 02Total income fell from Rs 3,579.70 crore in FY2019 to Rs 3,186.80 crore in FY2021.
- 03The post-issue market value at Rs 2,150 was Rs 1,39,378.84 crore while the company was loss making.
- 04Rs 10,000.00 crore of the Rs 18,300 crore issue was offer for sale, so most of the money went to selling shareholders.
- 05Digital payments face tight regulation and strong competition. The source shows a negative P/E, with pre-issue EPS of minus Rs 27.90.
Three years of numbers
All figures in ₹ crore, as reported in the Paytm offer document.
| Metric | 30 Jun 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 9,459.00 | 9,151.30 | 10,303.10 | 8,766.80 |
| Total Income | 948.00 | 3,186.80 | 3,540.70 | 3,579.70 |
| Profit After Tax | -381.90 | -1,701.00 | -2,942.40 | -4,225.60 |
| EBITDA | -370.90 | -1,767.30 | -2,634.40 | -4,366.10 |
| NET Worth | 6,265.80 | 6,534.80 | 8,105.20 | 5,724.90 |
| Reserves and Surplus | 6,205.30 | 6,474.30 | 8,044.80 | 5,667.40 |
| Total Borrowing | 476.00 | 544.90 | 208.70 | 696.20 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Paytm RHP.
Where the money goes
₹8,113.40 Cr of the issue is earmarked to named objects.
About the company
The Paytm app lets customers pay at stores, recharge phones, transfer money online, pay bills, use digital banking, buy tickets, play games, buy insurance and invest. Merchants use it for payment solutions, advertising, selling products and loyalty schemes.
On 31 March 2021 it had a base of 333 million+ consumers and 21 million+ registered merchants. Paytm was valued at US$6.3 billion as a brand by the Kantar BrandZ India 2020 report. The company has no identifiable promoter.
The IPO was Rs 18,300 crore, with Rs 8,300.00 crore of fresh issue and Rs 10,000.00 crore of offer for sale. Rs 4,300.00 crore was planned for growing the Paytm ecosystem and Rs 2,000.00 crore for new businesses and acquisitions.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Paytm IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
71 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
65 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Hdfc Bank Limited
12 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Aegis Vopak Terminals (-6.4%).
Goldman Sachs (India) Securities Private Limited
10 issues handledBest listing: Urban Company (+57.5%). Weakest: Glenmark Life Sciences (+4.2%).
Morgan Stanley India Co. Pvt. Ltd
7 issues handledBest listing: Nykaa (+79.4%). Weakest: The Leela Hotels (-6.7%).
JP Morgan India Pvt. Ltd
6 issues handledBest listing: Anthem Biosciences (+26.9%). Weakest: Nuvoco Vistas Corporation (-14.9%).
Citigroup Global Markets India Pvt. Ltd
13 issues handledBest listing: Nykaa (+79.4%). Weakest: Kalyan Jewellers India (-15.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Paytm?
The current Grey Market Premium is ₹30, or 1% over the issue price.
What is the Paytm IPO price band?
₹2080 to ₹2150, on a face value of ₹1.
When is the allotment?
The basis of allotment is 15 November 2021, with listing on 18 November 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
