Paytm files DRHP for Rs 16,600-cr IPO; fresh issue size at Rs 8,300 cr

One97 Communications, the father or mother of Paytm, filed its DRHP on Friday with the marketplace regulator, Securities and Exchange Board of India (Sebi), for an mixture supply dimension of Rs sixteen,600 crore by means of an Initial General public Offering (IPO).

The concern contains a fresh new concern of fairness shares of deal with price of Rs 1 every aggregating to Rs eight,three hundred crore and an Supply For Sale (OFS) by the current shareholders, aggregating to Rs eight,three hundred crore. The business also retains the choice to undertake a pre-IPO placement of Rs two,000 crore, topic to relevant approvals. If the pre-IPO placement is done, the fresh new concern dimension will be minimized to that extent.

In accordance to the DRHP, shareholders Ant Economic, Alibaba, Elevation Money V, Saif III Mauritius, Svf Panther (Cayman) and Bh Intercontinental Holdings are all looking to offload some aspect of their shares by means of the OFS.

The IPO is staying created below rule 19(two)b of the Securities Contracts (Regulation) Policies, 1957, as amended, (the SCRR) and Regulation 31 of the SEBI ICDR Laws exactly where allocation to QIBs is 75{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2}, NIIs is fifteen{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2} and RIBs is 10{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2}.

Paytm is India’s foremost electronic ecosystem for buyers and merchants. The company’s two-sided (shopper and merchant) ecosystem permits commerce, and gives accessibility to money companies, by leveraging technological innovation to strengthen the life of buyers and allows merchants expand their organizations.

Paytm was introduced in 2009 as a mobile initially electronic payments system to permit cashless payments. The company’s money companies organizations i.e mobile banking, lending, coverage, wealth administration companies have been introduced not long ago in between 2019 and 2021 and contribute a modest proportion to its profits.

As on March 31, FY21, its profits from operations stood at Rs two,800 crore from 114 mn once-a-year transacting users and experienced facilitated 7.four billion transactions including transactions created to merchants by means of its ecosystem and peer to peer payments.

Guide supervisors appointed to the Challenge are Morgan Stanley India Company Personal Minimal, Goldman Sachs (India) Securities Personal Minimal, ICICI Securities Minimal, Axis Money Minimal, JP Morgan India Personal Minimal, Citigroup Global Markets India Personal Ltd and HDFC Financial institution Minimal.

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