2/28/2024 0 Comments Paytm investment![]() Paytm Money, a platform for mutual fund investments, today. In its research report as of November 3, KRChoksey has recommended to ‘subscribe’ the IPO while ICICI Direct has assigned an ‘unrated’ rating to it. Paytm Money introduces Switch to Direct feature for mutual fund investors. In other words, this is the type of stock that you would put 5 per cent, or perhaps 10 per cent, of your portfolio in, not 25 per cent or 40 per cent.” Noted valuation guru Aswath Damodaran wrote in his blog post, “Even if you strongly favour the company and find it undervalued, it would be hubris to concentrate your portfolio around this stock. Any unfavourable move by either of the three can act as a barrier to revenue growth and can materially impact the valuation, it says. KRChoksey notes that Paytm comes under the purview of RBI, SEBI & IRDA. The brokerage also noted that Paytm had negative cash flows from operating activities for FY19, FY20 and FY21. For example, in FY19, FY20, FY21, and in Q1FY22, revenue from payment and financial services accounted for 52.5%, 58.1%, 75.3%, 78.0% and 77.4% of its revenue from 46 operations. The company derived a majority of its revenue from transaction fees that it collects from merchants for their payment services. There are low barriers to entry within the industry and the cost of switching between offerings is low. ICICI Direct has opined that the company competes in markets characterised by vigorous competition, changing technology, changing merchant and consumer needs, evolving industry standards, and frequent introductions of new products and services. As of June 30, 2021, it offered payment services, commerce and cloud services, and financial services to 33.7 crore consumers and over 2.2 crore merchants, as per its DRHP. It offers consumers and merchants technology-led, easy-to-use digital products and services as well as easy and inclusive access to financial services. Its gross merchandise value (GMV) has increased from Rs 2,292 billion in FY19 to Rs 4,033 billion in FY21. Its total merchant base has grown from 11.2 million as of March 31, 2019, to 21.1 million as of March 31, 2021. Paytm is a leader in India’s digital ecosystem for consumers and merchants. 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. ![]() The company has fixed the minimum bid lot size at six equity shares and in multiples thereof. The investment giant which sold a stake worth 36 million in Paytm in 2021, at a profit sold its remaining position on Friday for 121.6 million, according to disclosure by the local.The company also aims to invest in new business initiatives, acquisitions, and strategic partnerships (Rs 2,000 crore) among other general corporate purposes. With this issue raise, the company aims to grow and strengthen the Paytm ecosystem, including through the acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services (Rs.The IPO price band has been fixed at Rs 2,080 to Rs 2,150 per share.The issue size is Rs 18,300 crore - Rs 8,300 crore in fresh stock and Rs 10,000 crore via OFS.The issue opens on Novemand closes on November 10, 2021.Here are some of the key details investors may keep in mind: Paytm is expected to list in mid-November. ![]() These will be displayed every time the investor checks out a scheme.Large investors including Jack Ma’s Ant Group, Masayoshi Son’s SoftBank Corp are selling their shares. Invest only in direct plans of mutual fund schemes.īefore actually purchasing the investment plans, Investors must complete Know Your Customer (KYC) formalities and create their risk profiles, which is stored in the app. Some of the noteworthy offerings of Paytm Money are as follow: Paytm Money offers investments in direct plans of mutual fund schemes with no hidden commissions. Paytm’s founder, Vijay Shekhar Sharma, went to seek blessing of God at the Tirupati Temple, one of India’s most famous places of worship, on November 8 the day Paytm launched its IPO. Out of these registered users, 65 per cent of the people are from beyond the top 15 cities of the country, said Jadhav. ![]() Paytm claims that more than 8,60,000 users have already registered on its newly launched platform. Simply sign up to the Retail & Consumer industry myFT Digest - delivered directly to your inbox. In that 50 million, we want to have a majority share, so around 20-25 million people.” Indias Paytm wins 1.4bn Softbank investment. Pravin Jadhav, whole-time director at Paytm Money said, “About 50 million investors will be invested in mutual funds by the next three to five years. Paytm has set a target to sell the mutual fund to around 25 million people in the next three to five years. In order to offer direct plans of mutual funds, Paytm has partnered with 25 asset management companies. The Indian digital wallet company Paytm, a wholly-owned subsidiary of One97 Communication, launched its new own app, Paytm Money, to offer the mutual fund direct plans.
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