This cookie is set by GDPR Cookie Consent plugin. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. It consisted of a fresh fund raise of Rs 8,300 crore and the rest was a secondary share sale by investors by a clutch of investors including Softbank, Ant and Mountain Capital Fund. It was the largest-ever IPO to hit the domestic markets back then and currently is the second-largest after state-owned LIC. Paytm came out with a Rs 18,300 crore IPO in November 2021. The cost of acquisition for Alibaba is around Rs 583 per share, as per the DRHP, while that for Antfin and Berkshire is Rs 1,833 and Rs 1,280 per share.
Unlike Softbank, not all shareholders are currently under water. At the end of September 2022 quarter, Ant held 24.88 per cent stake in Paytm, Alibaba 6.2 per cent, SAIF 15.09 per cent and Berkshire 2.41 per cent.Īll eyes are on whether these shareholders, too, will make a dash towards exit with the lock up period ending and uncertainty remaining over when Paytm will turn profitable. Others include Ant Financial Services Group, Alibaba Group, SAIF Partners and Berkshire Hathaway. Softbank is among marquee shareholders of Paytm. Currently, Paytm shares are 72 per cent below its IPO price.Īs per Paytm’s offer document, the average cost of acquisition per share for SVF works out to Rs 1,820.2 per share, 66 per cent below the current market rate. However, in the IPO it sold shares at Rs 2,150 apiece. At the lower end, SVF will be able to mop up Rs 1,610 crore-similar to the amount it raised by selling shares in Paytm’s IPO. Following the share sale, its stake will decline to around 13.1 per cent. Shares of Paytm declined nearly 4 per cent on Wednesday.Ĭurrently, SoftBank Vision Fund (SVF) holds around 113 million, or 17.45 per cent stake, in Paytm. The share sale comes close on the heels of the end of the one-year post-IPO lock-up period on Paytm shares. The floor price for the share sale is nearly 8 per cent lower than Paytm’s last closing price of Rs 601.6. The global tech investor is offering shares in the range of Rs 555-Rs 601.45 via block deals which will get executed on Thursday. SoftBank plans to offload 29 million shares in One97 Communications, which operates India’s largest payments platform Paytm.
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