One 97 Communications Limited IPO (PAYTM IPO)

One 97 Communications Limited (Paytm) is India’s leading financial services company that offers full-stack payments & financial solutions to consumers, offline merchants, and online platforms. The company is on a mission to bring half a billion Indians into the mainstream economy through payments, commerce, banking, investments, and financial services. One97 Communications Limited that owns the brand Paytm is founded by Vijay Shekhar Sharma and is headquartered in Noida, Uttar Pradesh. Its investors include Softbank, Ant Financial, AGH Holdings, SAIF Partners, Berkshire Hathaway,
T Rowe Price, and Discovery Capital.

Vijay Shekhar Sharma, Founder & CEO of Paytm and One97 Communications Limited together own Paytm Payments Bank, the country’s largest digital bank with over 58 million account holders. Working on its mission to bring un-served & under-served Indians under the formal banking system, it has made banking accessible & convenient to people across the country through innovative use of technology.

Its wholly-owned subsidiary ‘Paytm Money’ has achieved the distinction of becoming India’s biggest investment platform within its first year, and is now one of the largest contributors of new Systematic Investment Plans (SIPs) to the Mutual Funds industry; it has already received approvals to launch Stock Broking, Demat Services and National Pension System (NPS) services, and strives to continue to broaden the financial services and wealth management opportunities to the unbanked and underserved Indians.

Paytm First Games, which is another group company a joint venture between One97 Communications Ltd and AG Tech Holdings, has quickly become India’s go-to gaming and stay-at-home entertainment option for millions of users across the country. The platform caters to all types of gamers with an exhaustive array of games for amateurs as well as e-sports for gaming pros.

Paytm Insurance is a wholly-owned subsidiary of One97 Communications Ltd (OCL) and has secured a brokerage license from IRDAI. It offers insurance products to millions of Indian consumers across four categories including two-wheeler, four-wheeler, health, and life. The company aims to simplify insurance and create a seamless, easy-to-understand online journey for its customers.

Competitive Strengths

• India’s leading digital payment service platform.
• Strong brand identity with a brand value of US$6.3 billion.
• Large customer base with 333 million total customers, 114 million annual transacting users, and 21 million registered merchants.
• Paytm Super-app to access a wide range of digital payment services over mobile phones.

One 97 Communications Limited IPO Tentative Timetable

One 97 Communications Limited IPO Details

One 97 Communications Limited IPO Lot Size

One 97 Communications Limited IPO Allotment Status

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Company Financials:

Company Promoters:

Paytm is a professionally managed company with no identifiable promoters.

Objects of this Issue:

The net IPO proceeds will be used for the following purposes.

• to carry out the offer for sale of equity shares by the selling shareholders; and
• achieve the benefits of listing the equity shares on the stock exchanges.

Registrar & Company Details