Will Paytm be a big Unicorn?

Paytm parent company One97 Communication Ltd. recently announce its IPO after SEBI approve. Paytm has fixed the price band for its Rs.18,300 crore IPO at Rs. 2,080 to rs. 2150 per share. The IPO, which will open for subscription from 8th November to 10th November. The company claim that Paytm IPO is the biggest ever public issue after Coal India Ltd.

In 2010 coal India Limited issue India’s biggest IPO. The report says that Paytm is seeking a $ 20 billion ( nearly Rs. 1.5 lakh crore) through the IPO. Now a big hype is circulating related to this IPO around social media. 

What is IPO? 

The full form of IPO is “ initial public offering”, You can say the company’s stock launch for the public. Where companies are sold their stocks to institutional investors and usually also retail investors. The company needs permission from SEBI before its IPO launch. By issuing of IPO, Private company’s are listed in the StackExchange. 

Through this process, colloquially known as floating, or going public, a privately held company is transformed into a public company. Through IPO launch company gets huge funds from the public (Subscribers) by selling stocks.

 

Also, read:  How to Earn money from BHIM App? : BHIM App Registration, Send Money and Receive Money

 

What is Paytm IPO?

The IPO comprises a fresh issue of Rs. 8,300 crore and an offer for sale of up to Rs. 10,000 core by existing shareholders. Paytm investor Antfin (Rs. 4704 crores), Berkshire Hathaway (Rs. 301 crores), Alibaba (Rs. 784 crores), Elevation Capital (Rs. 139 crores), Soft bank (Rs. 1689 crore), Vijay Sekhar Sharma (CEO of Paytm) (Rs. 402 crores) are also selling their invested share in Paytm IPO.

How to Apply for Paytm IPO? 

Some people are curious about how to purchase or subscribe to Paytm IPO on November 8. Subscribing to Paytm IPO is very easy. You can apply for IPO through Paytm Money, Groww App, Zerodha trading App. 

 

Also: read:  What is e-RUPI : e-RUPI Digital Payment, How does it work

Paytm IPO Apply Process 

• Open any trading app ( Listed above)
• Search “Paytm – One 97 Communications Limited”
• Enter share quantity you want to purchase and click on apply
• Make BID for the IPO and Pay the BID amount 
• Once you proceed, you will be asked to confirm the amount to be blocked from your account, You must tick on agree to necessary terms and conditions and submit the IPO application

 

After that, SEBI will be distributed the IPO share among the applied subscriber according to their criteria. Note that, It depends upon SEBI’s distribution process whether you are eligible or not for this IPO. If you are eligible you get your IPO on the allotment date otherwise you will get your payment refund.

How to Apply for IPO on Paytm Money

• Log in to Paytm money
• Complete your KYC on App. 
• After your KYC is done, enter your bid details (i.e Share quantity, price & No. of bids) and submit UPI ID.)
• You must keep sufficient funds in your bank account.
• Click on accept “Block Funds” on the UPI app
• If IPO’s are allotted to you the final amount will be debited, otherwise, your blocked amount will be unblocked. 

 

Also, read: How to invest in US stocks through INDmoney App | INDmoney: Is this the best App for foreign investment?

 

Dates for Paytm IPO

• IPO Offer Starts: 08 November 2021
• IPO Offer End:             10 November 2021
• Allotment Finalisation: 15 November 2021
• Refund Initiation: 16 November 2021
• Listing:                         18 November 2021
• Timing : 10 AM to 5PM

Rules for Invest in Paytm IPO 

• Price range – Rs. 2080-2150
• Minimum quantity – 06 share
• Minimum investment- Rs. 12480
• A trading account is necessary for starting trading

Conclusion 

Paytm is one of the leading mobile payments and UPI platforms in the country. It is also one of the biggest startups in India founded by Vijay Sekhar Sharma. The company operates in multiple business verticals like wallet, UPI, payments bank, E-commerce, Mobile and DTH recharge, Moneylending, insurance, wealth management, e-games, and advertising, and many more. Paytm IPO will be the biggest hit as per the report and by issuing IPO Paytm wealth will be increased amongst the other UPI-based company like PhonePe,   Google Pay and etc.

 

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