Mumbai Stock Exchange：The largest IPO in Indian history is here!＂Indian Edition Alipay＂ intends to be available next week

Financial Association (Editorial Liu Rui) News, this Friday, Indian Electronics Paying Giant Paytm priced its IPO at 2150 rupees/shares (about 28.8 US dollars/share).The highest position.This means that the IPO fundraising scale reaches 183 billion rupees (about $ 2.45 billion), which will become the largest IPO in India's history.

The prospectus shows that Paytm is expected to debut on November 18th on the Indian Stock Exchange on November 18.

Ant or the biggest winnerMumbai Stock Exchange

According to the Stock Exchange data, the company has sold 38.3 million shares to the cornerstone investors, raising $ 1.1 billion in funds; the remaining 48.4 million shares, the company has received a subscription offer worth US $ 2.64 billion, excess subscription 1.89 times moreEssenceAmong them, institutional investors are excessive to subscribe 2.79 times, and retail investors are overly subscribed by 1.66 times.

Earlier, Paytm has received private equity investment from Ant Group, SoftBank Vision Fund, and Berkshire Hathaway. Among them, Ant Group is the company's largest shareholder and has about 28%of the company's shares before IPO.The cornerstone investors include Berlaide, the world's largest public fund management company, and the Canadian Pension Planning and Investment Commission.

It is said that Ant Group will retain 23%of shares worth 47.04 billion rupees (approximately US $ 631 million) shares.SoftBank's vision fund will sell 16.89 billion rupees (about $ 220 million) shares, which will reduce the shareholding ratio of 2.5 percentage points to 16%.Varanasi Wealth Management

"Indian version of Alipay" still faces international competition pressure

Paytm was founded in 2009. Its operating entity is One97 Communications. Paytm originally started with mobile phone recharge and billing payment.Known as "Indian Alipay".

But in terms of market share, Paytm is still facing the pressure of competitors such as Pay Pay, Amazon Pay and Wal -Mart.Paytm wrote in the prospectus that as of March 31, the company had about 333 million users.

The prospectus also wrote that during the first fiscal year as of March 31, ONE97 Communication Co., Ltd. recorded a total of 16.96 billion rupees (about 225 million US dollars), which was 28.42 billion rupees (Large Rsitarian (Large in the previous year (the previous yearAbout 379 million US dollars) improved slightly; its revenue in the same fiscal year decreased by nearly 15%year -on -year to 28.02 billion rupees (about 374 million US dollars).