Pre IPO, Financial, Insurance, Tax & Wealth Management Planning

Saturday, February 29, 2020

SBI Card was launched in October 1998 by the State Bank of India and GE Capital.

Get SBI Cards and Payment Services Ltd IPO details. Find IPO Date, Price, Live Subscription, Allotment, Grey Market Premium GMP, Listing Date and Review.

The company was incorporated as SBI Cards and Payment Services Private Limited, SBI Card is headquartered in Gurugram, Haryana.

The legal name of SBI Card was changed on 20 August 2019, from SBI Cards and Payment Services Private Limited to SBI Cards and Payment Services Limited, on account of its conversion from a “Private Limited” company to a “Public Limited” company.

The IPO of SBI Cards will open for subscription on Monday amid a lot of buzz about the issue. Some analysts expect the issue to get a bumper response from investors. SBI Cards and Payments Services Ltd, the credit card subsidiary of the country's largest lender State Bank of India (SBI), aims to raise over ₹10,000 crore through this initial public offering. The issue will close for subscription on March 5. The price range for the IPO has been fixed at ₹750-755 per share.

Bids can be made for a minimum of 19 equity shares and in multiples of 19 equity shares thereafter. At the upper end of the price range, one lot will cost ₹14,345. Link Intime India Private Limited is the registrar of the IPO and it will manage the allocation.

SBI Cards shares will get listed on NSE and BSE. According to brokerages, the listing of shares may happen on 16th March.

About 10% of the issue size or 1.3 crore shares are reserved for SBI shareholders. To apply for this category, SBI shareholders should have had SBI shares as on February 18, 2020.

18.4 lakh shares also reserved for eligible employees of SBI and SBI Cards. An employee discount of ₹75 per equity share will be offered to eligible employees.

SBI Cards IPO consists of an offer for sale of about 13 crore shares by SBI and Carlyle Group and fresh issue of ₹500 crore which will be used for augmenting the capital base. SBI Cards is 74% owned by SBI while Carlyle Group owns the remaining 26%. SBI will divest 4% of its stake, while Carlyle is set to sell 10% of its stake.

SBI Cards & Payment Services (SBIC) is a subsidiary of SBI and the second largest credit card issuer in India with 18% market share in terms of cards outstanding, with 9.83 million credit cards outstanding as of November 30, 2019 and ₹1,03,200 crore in total of credit card spends in fiscal 2019.

It also is the largest co-brand credit card issuer, having partnerships with several major players. It will become the only listed company in India in this space.

SBI Cards revenue model includes both non-interest income (primarily comprised of fee-based income such as interchange fees, late fees and annual fees, among others) as well as interest income on the receivables when cardholders roll over their dues. The share of interest income was 52% of the total income in FY19, falling from 56% in FY17. The share of non-interest income has improved to 48% of the total pie from 39% in FY17.

Revenues and profit have more than doubled over the past three years. Net profit rose to ₹862 crore in fiscal 2019 from ₹372 crore in fiscal 2017 while revenues from operations increased to ₹6,999 crore in fiscal 2019 from ₹3,346 crore in fiscal 2017.

Apart from highly competitive credit card market, SBI Cards also faces competition from new-age fintech led payment modes including Unified Payment Interface (UPI) and mobile wallets. Credit card receivable portfolio falls under the unsecured retail category, thus presenting a greater credit risk. SBI Cards aims to keep the proportion of non-performing assets at 2.4%-2.5% of its total assets, Chief Executive Officer Hardayal Prasad said. Its gross non-performing assets stood at 2.47% at the end of last year, down from around 2.9% in March 2018.

A slowdown in economic growth can result in rising NPAs and slower growth as has been witnessed in past. Currently interchange fees for credit cards or interest rates charged by credit card companies are not regulated. Any move to regulate these could have an impact.

“Given its dominant position in the credit card market and strong parentage, SBI Cards is well placed to benefit from the rising trend of digital payments and e-commerce. At the upper price band, the offer is valued at 12.6 times FY20 (estimated) book value (on annualized and fully diluted basis) and 45.8 times estimated FY20 earnings. Strong growth, stable asset quality and superior return ratios provides comfort and justifies premium valuation. Further, being the first in the segment to get listed, it could generate high investor interest," said domestic brokerage Motilal Oswal, which has recommended “subscribe" to the IPO.

We also recommend subscribe to the issue.

“Although the valuations are a bit on the higher side, we are positive on the future outlook of the company given favorable industry scenario, large untapped SBI customers and strong financial track record," it said.

SBI Cards also has the strong parentage of SBI, which provides access to its extensive branch network and is also the first in credit card industry to be listed, which could give it a premium valuation.

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Friday, February 28, 2020

Burger King IPO

Buy the IPO of the Burger King India Limited from us and get all the details and regular updates.
The IPO comprises fresh issues worth Rs 400 crore and an OFS of up to six crore shares. With average ticket value of Rs 500–550, the company had 202 outlets in 47 cities as of June 2019. NEW DELHI: Quick service restaurant chain Burger King India has filed draft papers for its initial public offering (IPO).

Burger King India Limited draft papers have been filed with SEBI and the company is looking to raise ₹ 400 Crores. Burger King India Limited is planning to list its shares on NSE and BSE.

Company Summary:

The globally recognized Burger King brand, also known as the ‘HOME OF THE WHOPPER’ was founded in 1954 in the United States and is owned by Burger King Corporation, a subsidiary of Restaurant Brands International Inc.

Restaurant Brands International Inc holds a portfolio of fast-food brands that are recognized around the world that include the BURGER KING, POPEYES and TIM HORTONS brands.

The Burger King brand is the second-largest fast-food burger brand globally as measured by the number of restaurants, with a global network of over 18,000 restaurants.

Burger King India Limited is the national master franchisee of the BURGER KING brand in the Quick Service Restaurant (QSR) Industry in India. The master franchisee arrangement provides them with the ability to use Burger King’s globally recognized brand name.

According to the DRHP, as at 30, June 2019 the company had 202 restaurants, including seven Sub-Franchised Burger King restaurants, across 16 states and 47 cities across India.

According to the DRHP filed by the company with SEBI, the company has plans to have approximately 325 restaurants by 31st Dec 2020.

Revenue Model:

· Revenue from operations of the company comprises:

revenue from the sale of food and beverages — revenue from sales through the restaurants directly operated by the company

revenue from sub-franchisee operations — includes royalties received from sub-franchisees

other operating income — includes income from scrap sales

Industry Overview:

· The food services market in India has been booming in recent times, owing to the rising disposable income of the middle class.

· The market was estimated at ₹ 4,096 billion in Fiscal 2019. It is projected to grow at a CAGR of 10.5% over the next five years and is expected to reach ₹ 6,753 billion by Fiscal 2024. *

Market Structure

The Indian food market is classified into two segments

· Unorganized — includes dhabas, roadside small eateries, hawkers and street stalls

· Organized — Chains (domestic or International outlets having more than 3 branches across the country) or standalone outlets.

· Chains are further divided into six sub-segments

· Fine Dining (FDR) — targets rich and upper-middle-class consumers

· Casual Dining (CDR) — oriented towards affordable dining

· Pub, Bar, Club, and Lounge (PBCL) — mainly serve alcohol and related beverages

· Quick Service Restaurants (QSR) — focused on speed of service and affordability including takeaway/delivery sub formats

· Cafes — includes coffee bars and parlors

· Frozen Desserts Outlets (FD/IC) — small kiosk outlets of ice cream brands

Peer Analysis:

The efficiency of the company is low compared to its peers.

But the company has outperformed its closest peer Westlife, that runs McDonald’s chain.

Burger King has generated 66 percent revenue growth compared to Westlife which has generated revenue growth of only 19 percent during the year.

Burger King plans to roll out 700 restaurants by 2025 from 216 at present. In comparison to this Westlife, started operations 20 years ago had 304 restaurants until the end of September and opened only 19 stores in each of the past two years. (Source: Economic Times)

Apart from higher growth, several other factors work in favor of Burger King like Burger King India’s royalty payment to the parent company is capped at 5 percent. For Westlife, royalty payment is capped at 5 percent until 2023 and will eventually rise to 8 percent. (Source: Economic Times)

Financial Review of Burger King India Limited:

Total Assets of the company has been increasing at a CAGR of 64.8% from 2016 to 2019.

Total Revenue of the company has been increasing at a CAGR of 66% from 2016 to 2019.

The asset turnover ratio of Burger King is lowest among its peers which means that the company’s efficiency to use its assets to generate revenue is lowest.

Gross margin percentage of the company is also the lowest among its peers

Pros:

Exclusive Rights

The company has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India. The BURGER KING brand is the second-largest fast-food burger brand globally.

Brand positioning for millennials

The company has positioned its brand to target the large and growing millennial population in India.

Approximately 60% of Indians eating out are millennials, and the millennial population in India has grown from 418 million in FY11 to 444 million in FY19.

This trend is expected to continue as India’s population continues to grow.

Cons:

Competition

The QSR industry in India is highly competitive and is affected by various factors like consumer tastes, economic conditions and disposable income levels.

Due to increased competition the company could experience downward pressure on prices, lower demand for its products, an inability to take advantage of new business opportunities including finding suitable restaurant locations and a loss of market share.

Regulations

The company is subject to health, safety and environment laws and regulations enforced by local and national bodies.

The costs of compliance with health, safety, and environment laws might continue to increase in the future and could adversely affect a company’s gross margins.

Dependency on suppliers:

The company’s operations are highly dependent on the adequate and timely delivery of quality ingredients, packaging materials, and other necessary supplies.

If the suppliers fail to provide these supplies in a timely manner, a company’s business and financial condition could be adversely affected.

National Stock Exchange Pre IPO (Review & Analysis) | Investment का बाप ...

Thursday, February 27, 2020

HDFC Securities IPO (Review & Analysis) | वक्त है पैसा कमाने का | Planify

HDFC Securities IPO News & All latest updates.

HDFC Securities IPO

HDFC Securities Limited is a financial services intermediary and a subsidiary of HDFC Bank, a private sector bank in India. It is one of the leading stock broking companies in India and have completed 19 years of operation. HDFC Securities was founded in the year 2000 and is headquartered in Mumbai with branches across major cities and towns in India.

HDFC securities Limited operates as a brokerage firm in India offering 3-in-1 accounts i.e., (Savings Bank Accounts + Demat Accounts + Trading Accounts).

HDFC securities began operations in April 2000. In the beginning it was a joint venture between HDFC Bank Limited, HDFC Limited and Indocean eSecurities Holdings Limited. Along with offering stock broking services, HDFC securities is also a distributor of financial products. In 2006, HDFC Bank bought HDFC Ltd's stake and in 2008 acquired another 4% from Indocean eSecurities. Currently HDFC securities is a subsidiary of HDFC Bank.

HDFC Securities Limited, is a stock broking and distribution arm of the HDFC Group. One of the oldest broking houses in India, its operations include stock broking and distribution of various financial products. It is a corporate member of both the Bombay Stock Exchange (BSE) and the National Stock exchange (NSE). HDFC securities is well known with professional traders for its comprehensive online trading portal offerings.

HDFC Securities has a unique 3-in-1 account feature that integrates your HDFC Securities trading account with HDFC bank account and existing Demat account.

The funds or shares would seamlessly move from the linked HDFC Demat account or HDFC Bank accounts to execute the transactions on time.

HDFC Securities provides also provide features like Day trading on both NSE and BSE, Cash-n-Carry on both NSE and BSE, Trade on Futures or Options on NSE and the online IPO Investments.

HDFC Securities is a highly renowned financial service providing company located in India. It is basically a subsidiary of the leading private bank- HDFC.

The full-service broking company was established in the year 2000 by Bharat Shat. It’s headquarter are located in Mumbai, Maharashtra. As being a stock broking company, it is serving customer base of institutional and retail clients from the year 2000.

HDFC Securities is one of the best and top-notch stock broking companies which not provide flexibility in trading even also answer the queries of the customers immediately. The company has around 250+ branches which can be visited to resolve any trading related queries quickly.

Wednesday, February 26, 2020

HDB Financial Services

Get HDB Financial Services IPO details. And regular updates at Planify.

HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of an Aspirational India, serving both Retail & Commercial Clients.

HDB Financial Services Incorporated in 2008, is a well-established business with strong capitalization. HDB Financial Services is accredited with CARE AAA & CRISIL AAA ratings for its long-term debt & Bank facilities and an A1+ rating for its short-term debt & commercial papers, making it a strong and reliable financial institution.

Company is a subsidiary of HDFC Bank Limited. HDB Financial Services was set up as a Non-Banking Financial Company (NBFC) by HDFC Bank in June 2007 and began operations in FY08.

HDB Financial Services’ asset portfolio stood at Rs 48,014 crore as at September 30, 2018 and has grown at more than 30 percent CAGR in the last four years. The loan book has been diversified with increased presence in commercial vehicle and construction equipment (CV/CE) financing and business loans. As a result, the share of loans against property (LAP) declined to 38 percent as on September 30, 2018, as compared to 60 percent as on March 31, 2016.

HDB Financial Services is soon planning to come out with its IPO and the company is a hot commodity in the grey market and when it will come out with its IPO it will attract a lot of retail investors attention, the company is getting a very attractive valuation before the IPO.

Further, it is also expected that the company will come up with its IPO by the end of this year. Due to its association with the HDFC group the company will enjoy some premium in its share price and therefore one cannot say that the company is overpriced.

Monday, February 24, 2020

SBI Cards IPO

SBI Card

Get SBI Cards and Payment Services Ltd IPO details. Find IPO Date, Price, Live Subscription, Allotment, Grey Market Premium GMP, Listing Date and Review.

SBI Card was launched in October 1998 by the State Bank of India and GE Capital.

The company was incorporated as SBI Cards and Payment Services Private Limited, SBI Card is headquartered in Gurugram, Haryana.

The legal name of SBI Card was changed on 20 August 2019, from SBI Cards and Payment Services Private Limited to SBI Cards and Payment Services Limited, on account of its conversion from a “Private Limited” company to a “Public Limited” company.

SBI Card IPO, SBI Card Unlisted Shares, SBI Card IPO date, SBI Card IPO news, SBI Card IPO listing, SBI Card IPO price, SBI Card IPO Allotment, SBI Card latest news, SBI Card IPO Price Band, SBI Card IPO Lot Size

SBI Card

Studds Accessories IPO

Studds Accessories manufactures motor-cycle helmet, bicycle helmet, and other auto parts for two-wheeler. It is the world’s largest manufacturer of two-wheeler helmets by the sales volume in fiscal 2018.

Studds Accessories is the country’s leading brand in helmet manufacturing, Studds and SMK is the premium brand focus on the quality and design of the product.

Company’s manufacturing plant is located in Faridabad, India and has a wide range of helmets and motorcycle accessories.

It also Focus on style, design, quality as well as the safety features of the products they made a different position in consumer’s minds.

Their authorized share capital of Rs. 25 Cr. and paid-up capital of Rs. 9.83 Cr.

In India, there are top three players in the two-wheeler helmet market with a collective share of over 48% and being the largest brand in the helmet segment. Now the government seriously taking the matter of road safety by the awareness programs and strict enforcement of helmet laws.

The company plans to raise around Rs. 100 Crore from the fresh issue of shares and Promoter of the company sell off Rs. 0.394 Crore (39.39 lakh) equity shares through the IPO.

The company filed its draft papers with SEBI in August seeking its clearance for the initial public offer (IPO). Edelweiss Financial Services and IIFL Holding is the advising or managing the Public issue of the company.

Here we have some Studds Accessories IPO News for you.

Studds Accessories IPO comprises fresh issuance of shares worth ₹ 98 crores besides an offer for sale of 39.39 lakh equity shares by promoters Madhu Bhushan Khurana and Sidhartha Bhushan Khurana, and other Studds Accessories shareholders, according to the draft papers. Proceeds of the issue will be used to part-finance the motorcycle helmet, two-wheeler accessories, bicycle helmet manufacturing facilities in Faridabad.

The Company has an in-house testing laboratory to ensure the proper compliance of quality and standard. Laboratory of the company is approved by VCA England and has been granted major safety certificates like BIS certification, IS:4151(for motorcycle helmets), IS:2925(for industrial helmets), ECE 22.05 and SLSI certifications.

Studds Accessories IPO Price Band and Studds Accessories IPO Lot Size are yet to be disclosed. One can buy Studds Accessories Unlisted Share before Studds Accessories IPO Listing by investing in Studds Accessories Pre IPO.

The company has issued its bonus share in the ratio of 1:8 on 16th July of 2018 and the numbers of shares have increased to 21.86 lakh.

We at Planify Strongly Recommend buy in this share as the company has good growth potential and its profit margin is continuously improving.

Wednesday, February 19, 2020

Barbeque Nation IPO

Buy Barbeque Nation Unlisted Shares at best prices at Planify.in Barbeque Share Price, Barbeque IPO News, Barbeque Nation IPO.

Bengaluru-based diner Barbeque Nation Hospitality Limited on Tuesday filed papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). The company plans to raise Rs 1,000-1,200 crore through the IPO.

The issue comprises a fresh issue of shares worth Rs 275 crore and an offer for sale (OFS) of up to 98,22,947 equity shares.

Barbeque Nation may consider to do a pre-IPO placement not exceeding Rs 150 crore, the company has stated in its draft red herring prospectus (DRHP).

The diner’s promoters include Sayaji Hotels, Sayaji Housekeeping Services, Kayum Dhanani, Raoof Dhanani and Suchitra Dhanani and is backed by private equity investor CX Partners, which made its first investment in 2013 and again in 2015.

The promoters own 60.24 percent stake in the company, while CX Partners own 33.28 percent. Renowned stock market investor Rakesh Jhunjhunwala's investment firm Alchemy Capital holds 2.05 percent in the company.

The issue is being managed by IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets.

Up to 50 percent of the offer will be available for allocation to qualified institutional buyers (QIBs). Further, up to 15 percent shall be available for allocation on a proportionate basis to non-institutional bidders and the remaining 35 percent will be available for the allocation to retail individual bidders.

Barbeque Nation currently operates 138 outlets across 78 cities across 24 states in India and 7 outlets in UAE, Oman and Malaysia..

NEW DELHI: Barbeque Nation Hospitality (BHNL) refiled fresh draft red herring prospectus (DRHP) with Sebi for its initial public offer (IPO). According to market sources, the issue size will be approximately Rs 1,000-1,200 crore.

The issue by the Bengaluru-based company -- backed by private equity investor CX Partners and ace investor Rakesh Jhunjhunwala's investment firm Alchemy Capital -- would comprise a fresh issue of shares of Rs 275 crore and an offer for sale of up to 98,22,947 equity shares. The company may consider doing a pre-IPO placement not exceeding Rs 150 crore, the company said in its DRHP.

The promoters of Barbeque Nation Hospitality (BHNL) are Sayaji Hotels, Sayaji Housekeeping Services, Kayum Dhanani, Raoof Dhanani and Suchitra Dhanani. Private equity investor CX Partners made its first investment in the company in 2013 and then in 2015.

The promoters hold 60.24 per cent stake in the firm, while CX Partners owns 33.79 per cent and renowned investor Rakesh Jhunjhunwala's investment firm Alchemy Capital holds 2.05 per cent in the company.

Barbeque Nation Hospitality (BHNL) claims to be India’s largest player in the organised dining space.

IIFL Securities, Axis Capital, Ambit Capital, and SBI Capital Markets are the Book Running Lead Managers to the issue.

Up to 50 per cent of the offer will be available for allocation to qualified institutional buyers (QIBs). Further, up to 15 per cent of the offer shall be available for allocation on a proportionate basis to non-institutional bidders and 35 per cent of the offer will be available for the allocation to retail individual bidders.

The proceeds of the issue will be utilised to repay an outstanding borrowing of Rs 205 crore in part or full and general corporate purposes.

The company recently acquired 61.35 per cent stake in Red Apple Kitchen, which owns Toscano, a casual dining Italian restaurant chain that has 10 outlets operating across Bengaluru and Chennai. Additionally through its existing kitchen infrastructure, the company launched UBQ in November 2018 to provide a la carte Indian cuisine in the value segment, which is currently being availed by delivery across 71 cities.

Since its earlier filing in August 2017, the restaurant chain has opened up 59 new outlets and is operating 138 outlets across 78 cities across 24 states in India and 7 outlets in the UAE, Oman and Malaysia.

The restaurant has seen 14.29 per cent growth compounded annually in its dining covers in India, which has grown from 68.60 crore in FY17 to 89.60 crore in FY19, pillared by referrals and recommendations of customers.

According to Technopak, the chain CDR market is one of the fastest growing segments in the Indian restaurant Industry and is projected to grow at a CAGR of 20% between FY19- FY24.

Monday, February 17, 2020

Suryoday Small Finance Bank Pre IPO (Review & Analysis) | क्या RICH बनाए...

Paytm IPO

Buy the Pre IPO of the Paytm from us and get all the details and regular updates.
Paytm is an Indian e-commerce payment system and financial technology company, based out of Noida, India. Paytm is 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. California based PayPal had filed a case against Paytm in the Indian trademark office for using a logo similar to its own on 18 November 2016. As of January 2018, Paytm is valued at $10 billion and it is planning to launch its initial public offering (IPO) in 2022.

As per the company, over 7 million merchants across India use this QR code to accept payments directly into their bank account. The company also uses advertisements and paid promotional content to generate revenues.

Paytm was founded in August 2010 with an initial investment of $2 million by its founder Vijay Shekhar Sharma in Noida, a region adjacent to India's capital New Delhi. It started off as a prepaid mobile and DTH recharge platform, and later added data card, postpaid mobile and landline bill payments in 2013.

By January 2014, the company launched the Paytm Wallet, and the Indian Railways and Uber added it as a payment option. It launched into e-commerce with online deals and bus ticketing. In 2015, it unveiled more use-cases like education fees, metro recharges, electricity, gas, and water bill payments. It also started powering the payment gateway for Indian Railways.

In 2016, Paytm launched movies, events and amusement parks ticketing as well as flight ticket bookings and Paytm QR. Later that year, it launched rail bookings and gift cards.

Paytm's registered user base grew from 11.8 million in August 2014 to 104 million in August 2015. Its travel business crossed $500 million in annualised GMV run rate, while booking 2 million tickets per month.

In 2017, Paytm became India's first payment app to cross over 100 million app downloads. The same year, it launched Paytm Gold, a product that allowed users to buy as little as ₹1 of pure gold online. It also launched Paytm Payments Bank and ‘Inbox’, a messaging platform with in-chat payments among other products. By 2018, it started allowing merchants to accept Paytm, UPI and card payments directly into their bank accounts at 0% charge. It also launched the ‘Paytm for Business’ app which is now called Business with Paytm App, allowing merchants to track their payments and day-to-day settlements instantly. This led its merchant base to grow to more than 7 million by March 2018.

The company launched two new wealth management products - Paytm Gold Savings Plan and Gold Gifting to simplify long-term savings. It launched into gaming and investments, partnering with AGTech to launch a mobile games platform Gamepind, and setting up Paytm Money with an investment of ₹9 crore to bring investment and wealth management products for Indians.

In May 2019, Paytm partnered with Citibank to launch credit cards.

In October 2011, Sapphire Ventures (fka SAP Ventures) invested $10 million in One97 Communications Ltd. In March 2015, Paytm received its huge stake from Chinese e-commerce company Alibaba Group based in Hangzhou, China, after Ant Financial Services Group, an Alibaba Group affiliate, took 40% stock in Paytm as part of a strategic agreement. Soon after, it received backing from Ratan Tata, the MD of Tata Sons.

In August 2016, Paytm raised funding from Mountain Capital, one of Taiwan-based MediaTek's investment funds at a valuation of over $5 billion.

In May 2017, Paytm received its biggest round of stake by a single investor – SoftBank which also has a large stake in Alibaba, thus bringing the company's valuation to an estimated $10 billion. In August 2018, Berkshire Hathaway invested $356 million for 3%- 4% stake in Paytm, although Berkshire Hathaway confirmed that Warren Buffett was not involved in the transaction.

On November 25 2019, Paytm raised $1 billion in a funding round led by US asset manager T Rowe Price along with existing investors Ant Financial and SoftBank Vision Fund.

In 2013, Paytm acquired Plustxt for around less than $2 million. Plustxt was started by IIT graduates Pratyush Prasanna, Parag Arora, Lokesh Chauhan and Lohit V that allowed fast text messaging in any Indian Language.

In 2015, Paytm invested $5 million in auto-rickshaw aggregator and hyperlocal delivery firm Jugnoo. The funds were meant to enable Jugnoo to scale up its operations across the country, and improve its driver efficiency. It also acquired Delhi-based consumer behaviour prediction platform Shifu and local services startup Near.in.

In 2016, Paytm invested in logistics startups LogiNext and XpressBees.

In April 2017, Paytm invested in healthcare startup QorQL which uses artificial intelligence (AI) and big data to help doctors improve their productivity and quality of care, and enable patients to manage their health better. In July 2017, it acquired a majority stake in online ticketing and events platform Insider.in, backed by event management company Only Much Louder (OML) and mobile loyalty startup MobiQuest. The same year, Paytm acquired Little & Nearbuy, and merged both.

In June 2018, the company acquired the startup Cube26.

In July 2015, One97 Communications, the firm that owns the brand Paytm, acquired the title sponsorship rights for India's domestic and international cricket matches at home for a period of four years starting in August 2015. The rights include sponsor branding of series with the title sponsor logo, designation as the title sponsor of the series, visibility at the stadium, and broadcast sponsorship rights. This also includes all BCCI domestic (Ranji Trophy, Duleep Trophy, etc.) matches in India.

Previously, Paytm had acquired sponsorship rights during the 8th season of Indian Premier League. It has also served as an associate sponsor on Sony TV network (which has the telecast rights for IPL) and was the official partner of the IPL team Mumbai Indians. In March 2018, Paytm became the Umpire Partner of the IPL for five years.

On August 2015, Paytm received a license from Reserve Bank of India to launch the payments bank. The Paytm Payments Bank is a separate entity in which founder Vijay Shekhar Sharma will hold 51% share, One97 Communications holds 39% and 10% will be held by a subsidiary of One97 and Sharma. The bank was officially inaugurated in November 2017 by the Indian Finance Minister, Arun Jaitley. The inauguration ceremony featured prominent banking personalities including former RBI Executive Director PV Bhaskar, Saama Capital Director Ash Lilani and former Shriram Group Director GS Sundarajan.

It was set to launch over 100,000 banking outlets across India by end of 2018. However, the bank's branches are yet to touch double digits.

Paytm Payments Bank has appointed veteran banker Satish Kumar Gupta as its new Managing Director and CEO.

In February 2017, Paytm launched its Paytm Mall app, which allows consumers to shop from 1.4 lakh registered sellers. Paytm Mall is B2C model inspired by model of China's largest B2C retail platform TMall. For 1.4 lakh sellers registered, products have to pass through Paytm-certified warehouses and channels to ensure consumer trust. Paytm Mall has set up 17 fulfilment centers across India andpartnered with 40+ couriers. Paytm Mall raised $200 million from Alibaba Group and SAIF Partners in March, 2018. In May 2018, it posted a loss of approximately Rs 1,800 crore with a revenue of Rs 774 crore for financial year 2018. Additionally, the market share of Paytm Mall dropped to 3 percent in 2018 from 5.6 percent in 2017.

On May 2018, the Indian investigative news agency Cobrapost released a video of an undercover reporter meeting with Paytm's vice president, Ajay Shekhar Sharma who is brother of Vijay Shekhar Sharma. During the meeting, he reportedly said the company provided the Indian government with the personal data of paytm users in the Indian state of Jammu and Kashmir by violating user's privacy and policies. This went viral through internet, throughout the day. Later, Buzzfeed reported that, Sharma has close ties with India's ruling party Bhartiya Janata Party. Meanwhile, in response, the company tweeted that, it never shared user's data with third parties in which it again denied the contents of the video and stated that it never received requests from law enforcement on twitter. Paytm also stated that any person claiming otherwise “is not aware of the policy and is not authorised to speak on behalf of the company”.

Friday, February 14, 2020

Burger King IPO

Burger King India Limited draft papers have been filed with SEBI and the company is looking to raise ₹ 400 Crores. Burger King India Limited is planning to list its shares on NSE and BSE.