Paytm IPO Details
| IPO Opening Date | Nov 8, 2023 |
| IPO Closing Date | Nov 10, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹2080 to ₹2150 per equity share |
| Market Lot | 6 Shares |
| Min Order Quantity | 6 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹1 (aggregating up to ₹18,300.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹1 (aggregating up to ₹8,300.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹1 (aggregating up to ₹10,000.00 Cr) |
Paytm IPO Tentative Timetable
The Paytm IPO open date is Nov 8, 2023, and the close date is Nov 10, 2023. The issue may list on Nov 18, 2023.
| IPO Open Date | Nov 8, 2023 |
| IPO Close Date | Nov 10, 2023 |
| Basis of Allotment Date | Nov 15, 2023 |
| Initiation of Refunds | Nov 16, 2023 |
| Credit of Shares to Demat Account | Nov 17, 2023 |
| IPO Listing Date | Nov 18, 2023 |
Paytm IPO Details Lot Size and Minimum Shares
The Paytm IPO market lot size is 6 shares. A retail-individual investor can apply for up to 15 lots (90 shares or ₹193,500).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6 | ₹12,900 |
| Maximum | 15 | 90 | ₹193,500 |
Paytm IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹18,300.00 Crores. The issue is priced at ₹2080 to ₹2150 per equity share. The minimum order quantity is 6 Shares.
The IPO opens on Nov 8, 2023, and closes on Nov 10, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Paytm IPO Details and How to Apply for the Paytm IPO
How to Apply Paytm IPO on Zerodha?
Zerodha customers can apply online in Paytm IPO using UPI as a payment gateway. Zerodha customers can apply in Paytm IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Paytm IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Paytm IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Paytm IPO Details and Objects of the Issue:
The net proceed from the IPO will be utilized towards the following purposes;
- Growing and strengthening Paytm ecosystem, including through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services – ₹ 4,300 Crores
- Investing in new business initiatives, acquisitions and strategic partnerships – ₹ 2,000 Crores
- General corporate purposes
Paytm app enables customers to do cashless transactions at stores, top-up mobile phones, online money transfers, pay bills, access digital banking services, purchase tickets, play games online, buy insurance, make investments, and more. However, merchants can use the platform for advertising, online payment solutions, offering products to customers, and loyalty solutions.
Competitive strengths of PAYTM Company
- India’s leading digital payment service platform.
- Strong brand identity with a brand value of US$6.3 billion.
- Large customer base with 333 million total customers, 114 million annual transacting users, and 21 million registered merchants.
- Paytm Super-app to access a wide range of digital payment services over mobile phones.
Paytm IPO Grey market price will be updated soon