Post

Abhishek Murarka

@abhymurarka
9 months ago ~520 views
What wrong with Paytm $One 97 Communications Ltd ?

ESOPs.
2.8 crore ESOPs were issued at a deep discount of Rs 9 (vs IPO price of Rs 2,150) in Sep-21 before the IPO.

Founder VSS got 76% of the new ESOP pool (yes!), increasing his stake in the parent company by 2-3% ahead of the IPO. As per Macquaire, this implies a recurring cost of INR 1,600 crores on the P&L of Paytm and puts burden on margins.
#redflag
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Mohnish Khiani

@novice90
9 months ago ~10 views
Hi, any idea of they had disclosed this in the DRHP? If yes, then it's our mistake that we missed it out
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