Tag: Indian Market

A purchase request to the brokerage is known as a pre-booking. Sridhar added that on the day the offer goes live on the exchange, the brokerage will buy allotments on behalf of all the requests it has received from investors.

“Because we won’t be collecting money during the pre-order, it’s not the same as booking a slot ahead of market hours,” he explained, adding that depending on the size, demand, and premium of the IPO, a request made through the feature may or may not turn into an allocation.

Investors will have to clear a payment request on their Unified Payments Interface (UPI) app within 24 hours of receiving an allocation using the new functionality.

Over the last few months, there has been a boom in interest in IPOs, and we have observed examples where customers have been unable to apply due to difficulties such as tight timelines during market hours and demand-driven processing delays in the markets.

For the forthcoming Zomato IPO on July 14-16, the functionality will first be available on the Paytm Money app.

Company Profile

Paytm is an Indian digital payment system and financial technology company, based in Noida. Paytm is currently available in 11 Indian languages and offers online use-cases like mobile recharges, utility bill payments, travel, movies, and events bookings as well as in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, tolls, pharmacies and educational institutions with the Paytm QR code.

(Source: The Economics Time)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

According to market experts, Zomato’s IPO is likely to go through and may even list at a premium to the issue price due to interest from long-term institutional investors, but profitability concerns and the size of the offering are likely to keep subscription numbers in check.

According to brokers, the stock’s grey market premium has reduced to 10-11 per share over its IPO price band of 72-76 per share, down from 15-16 a few days ago.

Arun Kejriwal comments, founder, Kris Research.

The premium has dropped since the offer may not be subscribed as many times as expected, and if the Tatva Chintan Pharma IPO is set for next week, it is probable that market funds would be redirected to that IPO rather than only Zomato. In the funding market, the cost of per share is currently $6 plus the issue price, and in the grey market, it can be sold for $10-$11 per share, which is the grey market premium. People are making $4 per share in the grey market by selling their stock.

According to market sources, Tatva Chintan, which is expected to collect approximately 475 crore in the IPO, could go public this week. In the grey market, Tatva Chintan’s shares are trading at a 600 percent premium.

About Zomoto

Customers, restaurant partners, and delivery partners are all connected through our technological platform, which serves their various demands. Customers use our platform to find and book restaurants, read and write customer reviews, see and upload images, order food delivery, book a table, and pay for their meals when dining out. We, on the other hand, equip restaurant partners with industry-specific marketing tools that allows interaction and gain customers in order to develop their business while simultaneously providing a dependable and effective last-mile delivery service.

Source : economictimes.indiatimes

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

The $2.3 billion IPO of the Paytm in India will be the leading and expected to be the biggest public listing in India in terms of dollar after the state-run miner coal India in 2010 and reliance power in 2008.

The timing is ideal for an IPO because competition is heating up and Paytm’s popularity is waning; the IPO could be the difference in their ability to compete.

Paytm’s Offer for Sale

Paytm extended an offer for sale (OFS) to its employees earlier this month, allowing them to sell all or portion of their equity shares in the IPO or keep them. The IPO plans were approved by Paytm’s board “in principle,” and the preliminary prospectus is anticipated to be filed in July.

According to Indian regulations, 10% of shares must be floated within two years, and 25% must be floated within five years. Paytm’s stock must be a combination of new and existing stock.

Its investors include Alibaba of China and Softbank of Japan and Paytm is seeking shareholder approval at the EGM to offer up to 120 billion rupees in new share issue and maintain an alternative to retain up to 1% of an over-subscription.

For the IPO, Paytm has enlisted the help of JPMorgan Chase, Morgan Stanley, ICICI Securities, Goldman Sachs, Axis Capital, Citi, and HDFC Bank.

Company Profile

Paytm is one of the biggest company providing financial services that offers full-stack payments & financial solutions to consumers, offline merchants and online platforms. One97 Communications is the parent of Paytm and is established by Vijay Shekhar Sharma. It’s headquarter is in Noida, Uttar Pradesh.

(Source: THE ECONOMIC TIMES and PYMNTS.com)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.