The public issue of equity shares of One 97 Communications Limited will open for subscription on November 08, 2021 and closes on November 10, 2021 It is expected to list on the stock exchanges on November 18, 2021. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analysis the IPO.

Company Profile

Incorporated in 2000, the company owns and operates Paytm - India's leading digital ecosystem for consumers as well as merchants. In 2009, the company launched the first digital mobile payment platform, "Paytm App" to offer cashless payment services to customers. The app enables customers to do cashless transactions at stores, top-up mobile phones, online money transfers, pay bills, access digital banking services, purchase tickets, play games online, buy insurance, make investments, and more. Merchants can use the platform for advertising, online payment solutions, offering products to customers, and loyalty solutions.

• Payment Services:- Enables to make and receive payments in a convenient, seamless and secure manner both online and in-store. It has also launched a digital wallet, Paytm Wallet in 2014.
• Commerce and Cloud Services:- Providing a lifestyle destination for consumers to avail lifestyle commerce services such as ticketing, travel, entertainment, gaming, food delivery, ride hailing and more, within Paytm App.
• Financial Services:- A set of innovative financial inclusion offerings including mobile banking, lending, insurance, and wealth management for consumers and merchants.
• Flywheels:- Distribution, insights, technology skills, and the scope of ecosystem an advantage towards the growth of the business through, cost-effective acquisition; reinforcement of platform; build high monetization products at low cost of acquisition.

Who are the Promoters of the Company?

The company is professionally managed and does not have an identifiable promoter.

Positives about the Company

• It’s ecosystem allows it to address large market opportunities
• Trusted brand, scale and reach
• Insights of Indian consumers and merchants
• The product and technology DNA
• The network effect creates sustainable advantages for it
• The leadership and culture.

Who are its key competitors?

There are no listed peers in India

Why is the Company going public?

Given below are the objectives of the Company –

• Growing and strengthening Paytm ecosystem, including through acquisition and retention of consumers and merchants and providing greater access to technology and financial services;
• Investing in new business initiatives, acquisitions and strategic partnerships; and
• General corporate purposes

The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.

IPO Details

Category Wise Availability*

Indicative Issue Timeline