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One 97 Communications Limited

All that you should know about the Company before applying for the IPO.

November 03, 2021
IPo-Aditya Birla Sunlife

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

IPO Size ₹ 18300 Cr
Offer Mix Fresh Issue ₹ 8300 Crore + Offer For Sale ₹ 10000 Crore
Price Band ₹ 2080 to ₹ 2150
Lot Size 6 Shares (& in multiples thereof)
Face Value ₹ 1
Application Amount Min. ₹ 12,900 (1 lot) | Max. ₹ 1,93,500 (15 lots) [at upper price band]
Listing on NSE & BSE
Registrar Link Intime India Private Limited
Cut-off time for UPI Mandate Confirmation 11-Nov-2021 (up to 12:00 PM)
* at upper price band

Category Wise Availability*

QIB ₹ 13725 Crore
(75% of Issue Size)
NIB ₹ 2745 Crore
(15% of Issue Size)
Retail ₹ 1830 Crore
(10% of Issue Size)
* at upper price band

Indicative Issue Timeline

Activity Date
IPO Opens November 08, 2021
IPO Closes November 10, 2021
Finalization of the basis of allotment November 15, 2021
Unblocking of funds / Initiation of refunds November 16, 2021
Credit of equity shares to Demat accounts November 17, 2021
Listing of equity shares November 18, 2021
Source: Company RHP
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