Retail investors shareholding in Paytm doubles, anchor investor CPPIB too increases its stake in the company


Top 10 mutual fund investment companies have bought shares of OCL in April

Paytm, which has been one of the most talked about stocks since its listing in November 2021, is seeing some interesting activity on its shareholding pattern.

The company’s exchange filing today shows that its retail investors shareholding has doubled with almost two lakh new shareholders in Q4 FY22. Retail investors’ stake in the company has gone from 3.49% to 7.72% in the last quarter.

The company’s anchor investor Canada Pension Plan Investment Board (CPPIB) has also increased its stake in Paytm from 1.57% to 1.71%.

While the company has released the shareholding for Q4FY22, reports show that even in April, top mutual fund houses and asset management companies (AMC) in the country have bought new shares of One97 Communications Limited (OCL).

According to a monthly mutual fund report by IDBI Capital, top 10 mutual fund investment companies have bought shares of OCL as part of their ‘Top 10 New Additions’ for the month. They are SBI Mutual Fund, ICICI Prudential Mutual Fund, LIC Mutual Fund, IDBI Mutual, IDFC Mutual Fund, DSP BlackRock Mutual Fund, Edelweiss Mutual Fund, L&T Mutual  Fund, Nippon India Mutual Fund, and UTI Mutual Fund. The development comes as the company was recently included in the Nifty Next 50 Index.

In line with the global fintech stocks rout seen in major tech companies, Paytm has also seen some foreign investors leaving the company’s shareholding.

As per reports, in Q4 the total FPI selling in Indian markets was $14.5 billion. However, even against the backdrop of volatile market conditions for new-age and fintech stocks globally, domestic investors are now warming up to the Paytm stock.

The interest in Paytm stock comes even before the company’s founder and CEO Vijay Shekhar Sharma had expressed confidence that the company will achieve operating EBITDA (earnings before interest, taxes, depreciation, and amortization) breakeven in the next 6 quarters.

The company, which is yet to post its Q4 financial update, has shared strong business updates for the quarter. 

Paytm’s lending business scaled to 6.5 million loan disbursals during the quarter (Y-o-Y growth of 374%), while the total loan value aggregated to Rs 3,553 crore (Y-o-Y growth of 417%).

The company’s GMV saw 104% Y-o-Y growth at INR Rs 2.59 lakh crore ($34.5 billion) and 41% growth in MTU to 70.9 million users.

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The company maintains its lead in the offline payments business as the number of devices deployed grew to 2.9 million.