About the Company:
One 97 Communications Ltd is India’s leading digital ecosystem for consumers and merchants as company has built the largest payments platform in India based on the number of consumers, number of merchants, number of transactions7 and revenue as of March 31, 2021.
The Paytm app is a payments-led super-app7, through which we offer our consumers innovative and intuitive digital products and services.
Company offers payment services, commerce and cloud services, and financial services to 337 million registered consumers and over 21.8 million registered merchants.
On Paytm app consumers are able to transact at in-store merchants, pay their bills, make mobile top-ups, transfer money digitally, create and manage their Paytm Payment Instruments, check linked account balances, service city challans and municipal payments, buy travel and entertainment tickets, play games online, access digital banking services, borrow money, buy insurance, make investments and more.
Company’s two-sided (consumer and merchant) ecosystem enables commerce, and provides access to financial services through our financial institution partners, by leveraging technology to improve the lives of our consumers and help our merchants grow their businesses.
Company had 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, company has 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.
Products and services provided by the Company:
- Payment Services.
- Commerce and Cloud Services.
- Financial Services.
Company provides a full suite of payment services for both consumers and merchants which enables them to make and receive payments in a convenient, seamless and secure manner both online and in-store.
Paytm has an overall mobile payments transaction volume market share of approximately 40%, and wallet payments transaction market share of 65% – 70% in India as of FY 2021.
Using company’s extensive payment offerings, consumers can make online bill payments, mobile top-ups and money transfers using the Paytm app, make online payments on third party apps and in-store payments through QR codes and devices.
Commerce and Cloud Services.
Company’s commerce and cloud services offerings provides a lifestyle destination for consumers to avail lifestyle commerce services such as ticketing, travel, entertainment, gaming, food delivery, ride hailing and more.
Financial Services is our set of innovative financial inclusion offerings including mobile banking, lending,
insurance, and wealth management for consumers and merchants.
On Paytm app consumers are able to:
- Transact at in-store merchants.
- Pay their bills.
- Make mobile top-ups.
- Transfer money digitally.
- Create and manage their Paytm Payment Instruments.
- Check linked account balances.
- Service city challans and municipal payments.
- Buy travel and entertainment tickets.
- Play games online.
- Access digital banking services.
- Borrow money.
- Buy insurance, make investments and more.
Trends Favouring Paytm.
India is a country of hundreds of millions of young and aspiring consumers who are underserved in payments and financial services products.
There are millions of small businesses in India that would benefit from having increased access to affordable software, technology and financial services. Company believe these consumers and small businesses can be served through technology-led, digital-first commerce.
- Mr. Vijay Shekhar Sharma (Designation: Managing Director and Chief Executive Officer)
- Mr. Douglas Feagin (Designation: Non-Executive Director)
Objectives of the Issue:
Offer for Sale: (Rs. 10,000 cr)
The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders.
Fresh Issue: (Rs. 8300 cr)
- Growing and strengthening our Paytm ecosystem, including through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services.
- Investing in new business initiatives, acquisitions and strategic partnerships.
- General corporate purposes.
|Growing and strengthening our Paytm ecosystem, including through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services||4300 cr|
|Investing in new business initiatives, acquisitions and strategic partnerships||2000 cr|
|General corporate purposes||12000 cr|
|Net Proceeds||18,300 cr|
Peer Group Comparison:
There are no listed companies in India that engage in a business similar to that of One 97 Communications. Accordingly, it is not possible to provide an industry comparison.
Positives for the Company:
Plans to Expand into international markets.
- While company continues to innovate and provide better products and services to consumers and merchants in India, company believes there is a large opportunity for us to leverage our technology infrastructure and expand to international markets.
- In 2017, company piloted bill payment services in Canada and in 2018, company partnered with Softbank Corp. and Yahoo Japan Corporation to launch PayPay, a leading digital payments and financial services company in Japan.
- Company continues to explore international opportunities, especially in the developed markets, where we can either launch our merchant services, or collaborate with partners to launch consumer facing platforms.
Financials of the Company:
|(in Crores)||FY 19||FY 20||FY 21||30th June 21|
|Issue Opens on||8th November 2021|
|Issue Closes on:.||10th November 2021|
|Issue Price||Rs.2080 – 2150|
|Retail Category Allocation||10%|
|Minimum Lot||6 Shares|
|Issue Size||Rs.18300 cr ($2.4 billion)|
|Market Cap||Rs.1,39,379 cr ($18.5 billion)|
|Listing at||NSE & BSE|
|Equity Shares Offered (Fresh)||3,86,04,650|
|Equity Shares Offered (OFS)||4,65,11,627|
|Equity Shares Offered (Fresh+OFS)||8,51,16,277|
|Equity Shares Prior to the issue||60,96,69,008|
|Equity Shares after the issue||64,82,73,658|
Also Read : List of Upcoming IPO’s in India.
|Finalization of Basis of Allotment||on or Before 15th November 2021|
|Initiation of Refunds||on or Before 16th November 2021|
|Credit of Equity Shares:||on or Before 17th November 2021|
|Listing Date:||on or Before 18th November 2021|
Subscription Details: (Will be Updated)
|(Subscription-Category-Wise (no. of times) Till time : 06:00 PM)||Shares Offered||Day-1||Day-2||Day-3|
Note: Retail Subscription on the basis of Applications: 1.02X
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Check IPO Allotment Status:|
Link InTime Website: https://linkintime.co.in/PublicIssue/
BSE IPO Website: https://www.bseindia.com/IPO/Allotment
|Company Contact Info:|
|One 97 Communications Ltd
B-121, Sector 5, Noida
Uttar Pradesh 201 301 India.
Tel: +91 11 2628 0280
|IPO Registrar Info:|
|Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra, India
Tel: +91 022 4918 6200
Investor E- mail: email@example.com