One97 Communications Limited (Paytm) IPO – Nov 8 to 10

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One97 Communications Limited (Paytm) IPO – Nov 8 to 10

November 01, 2021
One97 Communications Limited (Paytm) IPO – Nov 8 to 10

One97 Communications Limited(Paytm) is coming out with a fresh public issue to raise Rs 18,300 crores from the market.

Key details of the issue:

  • Issue opens – Nov 8 (Monday)
  • Issue closes – Nov 10 (Wednesday)
  • Issue size – Rs 18,300 crores
  • Price band – Rs 2080 to 2150 per equity share
  • Bid lot – 6 shares and in multiples thereof

And here are some details of the company and further details on the One97 Communications Limited (Paytm) issue.

Company details:

· One97 Communications Limited (“Paytm”) was incorporated on December 22, 2000. The company is India’s leading digital ecosystem for consumers and merchants. Paytm offers ‘Payment Services’, ‘Commerce and Cloud Services’, and ‘Financial Services’ to 33.3 crore consumers and over 2.18 crore merchants registered with them, as of June 30, 2021. Their 2-sided (consumer and merchant) ecosystem enables commerce, and provides access to financial services, by leveraging technology to improve the lives of their consumers and help their merchants grow their businesses.

·   The company launched Paytm in 2009, as a “mobile-first” digital payments platform to enable cashless payments for Indians, giving them the power to make payments from their mobile phones. Starting with bill payments and mobile top-ups as the first use cases, and Paytm Wallet as the first Paytm Payment Instrument, they have built the largest payments platform in India based on the number of consumers, number of merchants, number of transactions and revenue as of March 31, 2021.

·   Paytm is available across the country with “Paytm karo” (i.e. “use Paytm”) evolving into a verb for hundreds of millions of Indian consumers, shopkeepers, merchants and small businesses.

·   The "Paytm" brand is India's most valuable payments brand, with a brand value of US$ 6.3 billion, and Paytm remains the easiest way to transact across multiple methods.

·   They have created a payments-led super-app, through which they offer their consumers innovative and intuitive digital products and services. They offer their consumers a wide selection of payment options on the Paytm app, which includes:

i)  Paytm Payment Instruments, which allow them to use digital wallets, sub-wallets, bank accounts,buy-now-pay-later and wealth management accounts; and

ii) Major third-party instruments, such as Debit and Credit Cards and Net Banking.

·   Paytm is the only payments company in India that, together with their affiliates, owns each layer of the payment stack. It offer services such as Paytm Wallet, Paytm QR, Paytm Soundbox, Gold investments and Fixed Deposit, Paytm Postpaid, Merchant Cash Advance and FASTag .

Issue size: Rs 18,300 crores

Issue break-up:

  • QIB – 75% of the offer – Rs 13725.92 crores
  • NIB – 15% of the offer – Rs 2745 crores
  • RET – 10% of the offer – Rs 1830 crores

Listing: NSE and BSE

Registrar: Link Intime Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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