![]() ![]() ![]() Purpose of the IPO: Paytm said it will use the IPO proceeds for growing and strengthening the company, including through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial service. will sell up to Rs 4,704.43 crore worth of shares, Singapore E-Commerce will offload Rs 784.82 crore of shares, SVF Panther (Cayman) Rs 1,689.03 crore, and BH International Holdings will sell Rs 301.77 crore worth of shares via OFS.Īntfin (Netherlands) Holding is the largest shareholder in the company with 27.9 percent stake, followed by SVF India Holdings (Cayman) with 17.3 percent stake, SAIF III Mauritius Company (11.4 percent), founder Vijay Shekhar Sharma (9.1 percent), and Alibaba.Com Singapore E-Commerce (6.8 percent). Among investors, Antfin (Netherlands) Holding B.V. Offer details: Founder Vijay Shekhar Sharma will sell Rs 402.65 crore worth of shares through OFS. Paytm's financial services contribute 77% of its total revenue. Company financials: Paytm's operational revenue during the June quarter of financial year 2022 jumped more than 61% to Rs 890 crore from Rs 551 crore in the same period a year ago while losses widened to Rs 382 crore from Rs 284 crore in the same period a year ago. US hedge fund Janus Henderson, Fidelity, Standard Life Aberdeen and UBS also picked up shares in the anchor round, which was oversubscribed by around 10 times. They have together invested more than Rs 2,516 crore. ![]() BlackRock, CPPIB and GIC are among the top investors in Paytm’s anchor round. Paytm's anchor investors include sovereign wealth funds and financial investors such as Singapore's GIC, Canada’s CPPIB, BlackRock, Alkeon Capital and Abu Dhabi Investment Authority. What are anchor investors? They are large investors who are allotted shares at a fixed price ahead of a public offering. Paytm has now raised 45% of its total capital it needs to raise through the IPO. Global investors like BlackRock, Vanguard, and Fidelity are among the large anchor investors. Last week, Paytm raised Rs 8,235 crore from anchor investors. The offer will be the biggest in the country after Coal India's IPO in 2010, which garnered Rs 15,200 crore. Issue size: There will be fresh issuance of equity shares worth Rs 8,300 crore and Rs 10,000 crore from an offer for sale (OFS) by existing shareholders. Up to 75 percent of the offer is reserved for qualified institutional buyers, 15 percent for non-institutional investors, and the remaining 10 percent for retail investors. So, retail investors can invest a minimum of Rs 12,900 for a single lot and their maximum investment would be Rs 1,93,500 for 15 lots. Allotment: The minimum bid lot size has been fixed as 6 equity shares and in multiples of 6 shares thereafter. According to Axis Capital, the post issue market cap of the company will be around Rs 135,111 – 139,379 crore. Eligible investors will receive shares in their demat accounts by November 17. The allotment will be finalised by November 15 and listing is expected on November 18. Paytm parent One97 Communications has already raised Rs 8,235 crore from anchor investors ahead of its share sale. Price band: The price band of the Rs 18,300 crore share sale, which concludes on November 10, has been fixed at Rs 2,080-2,150 per share. This was followed by a public offering by Policybazaar's public offering from November 1 to 3. Paytm’s IPO will be the fourth by an Indian tech startup and the third since October 28, when beauty products retailer Nykaa launched its IPO. Digital payment platform Paytm’s three-day IPO has opened today and the company is looking to raise $2.46 billion to become the biggest IPO in India. ![]()
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