One97 Communications was incorporated on December 22, 2000. The company lauched its platform 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.
| Bidding Dates |
|---|
| 08 Nov 2021 - 10 Nov 2021 |
| Subscription |
|---|
| 1.89x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹12,900 | 1 | 15 | 6 | 85.1 M | ₹2080 - ₹2150 | 86.87 % | ₹177041.9 M - ₹183000.0 M | RHP DOC |
One97 Communications IPO SUBSCRIPTION STATUS
10 Nov '21One97 Communications IPO overall subscription rate was 1.89 times the total available shares
One97 Communications IPO retail subscription rate was 1.66 times in the retail segment
One97 Communications IPO non-institutional investor subscription rate was 0.24 times in the non-institutional investor category
One97 Communications IPO Qualified Institutional Bidder subscription rate was 2.79 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 30% | 10% | 60% |
10 Nov 2021 (Day 3) | 1.66x | 0.24x | 2.79x |
09 Nov 2021 (Day 2) | 1.23x | 0.05x | 0.46x |
08 Nov 2021 (Day 1) | 0.78x | 0.02x | 0.06x |
One97 Communications FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| Q1FY22 | -3,819.0 | 8,908.0 | 3,307.0 | 2,918.0 |
| Q1FY21 | -2,844.0 | 5,512.0 | -2,103.0 | -2,280.0 |
| FY21 | -17,010.0 | 28,024.0 | -20,825.0 | -22,696.0 |
| FY20 | -29,424.0 | 32,808.0 | -23,766.0 | -25,632.0 |
| FY19 | -42,309.0 | 32,320.0 | -44,759.0 | -46,508.0 |
One97 Communications IPO SUBSCRIPTION STATUS DETAILS
One97 Communications had 85.1 M shares on offer
One97 Communications IPO offer price was in the range ₹2080 - ₹2150
One97 Communications IPO minimum Investment was ₹12900
One97 Communications IPO issue size was ₹ 177041.9 M - ₹ 183000.0 M
One97 Communications had a minimum lot size of 6 Shares per application
One97 Communications NUMBER OF SHARES ON OFFER
One97 Communications IPO IMPORTANT DATES
| Issue Open Date | 08 Nov 2021 |
| Issue close Date | 10 Nov 2021 |
| Allotment Date | 15 Nov 2021 |
| Refund Date | 16 Nov 2021 |
| Demat Account Credit Date | 17 Nov 2021 |
| Listing Date | 18 Nov 2021 |
| Listing on Exchange(s) | NSE and BSE |
| One97 Communications Allotment Status | Exchange |
One97 Communications IPO subscription opened on 08 Nov 2021, and closed on 10 Nov 2021
IPO allotment for One97 Communications was finalized on Monday, 15 Nov 2021
IPO listing for One97 Communications was on NSE and BSE on Thursday, 18 Nov 2021
One97 Communications IPO LISTING GAINS
| Issue Price (adjusted) | 2150.0 |
| Listing Open Price | 1955.0 |
| Listing Close Price | 1554.2 |
| Listing Gain% | -9.1% |
| Current Gain% | -33.0% |
One97 Communications Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| One97 Communications Ltd. | 1441.6 | 93455.1 | 142.2 | 1.2 | 10.3 | 3.4 | 2.3 | 9291 | 21.9 | 553 | 184 | 10.1 | 114.7 |
| PB Fintech Ltd. | 1604.5 | 74239.4 | 99.2 | 1 | 10.1 | 9.2 | 7.7 | 7166.4 | 33.1 | 669.9 | 89.8 | 16.2 | 98.3 |
| Affle 3I Ltd. | 1645.6 | 23183.1 | 48.5 | 2.5 | 8.2 | 12.4 | 10.3 | 2787.6 | 18.1 | 454.9 | 19.1 | 33.9 | 19.2 |
| Pine Labs Ltd. | 154.4 | 17820.2 | 140 | 0.7 | 6.3 | 1.9 | 0.8 | 2847.2 | 22.3 | 112.5 | 177.3 | 1.1 | 212.8 |
| Fractal Analytics Ltd. | 817.7 | 14061.6 | 42.8 | 4.1 | 9.2 | 6.6 | 3362.6 | 19.4 | 292.2 | 31 | 19.1 | ||
| Amagi Media Labs Ltd. | 647 | 13996 | 4.1 | 3 | 1570.1 | 28.4 | 71.7 | 204.3 |
One97 Communications INFORMATION ON IPO ISSUE
About One97 Communications
One97 Communications was incorporated on December 22, 2000. The company lauched its platform 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.
Object of the Issue
1. Growing and strengthening Paytm ecosystem, including through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services - Rs 4,300 Crore
2. Investing in new business initiatives, acquisitions and strategic partnerships - Rs 2,000 Crore
3. General corporate purposes
One97 Communications Book Running Lead Managers
Morgan Stanley India Company Private Limited
one97_ipo@morganstanley.com
Goldman Sachs (India) Securities Private Limited
paytmipo@gs.com
Axis Capital Limited
one97cl.ipo@axiscap.in
ICICI Securities Limited
paytm.ipo@icicisecurities.com
J.P. Morgan India Private Limited
PAYTM_IPO@jpmorgan.com
Citigroup Global Markets India Private Limited
paytmipo@citi.com
HDFC Bank Limited
paytm.ipo@hdfcbank.com
One97 Communications Registrar to the Offer
Link Intime India Private Limited
paytm.ipo@linkintime.co.in
One97 Communications Strengths
Leading digital payment service
The company is India's leading digital payment service platform
Strong brand
The company has a strong brand identity with a brand value of $6.3 billion.
Large customer base
Large customer base with 333 million total customers, 114 million annual transacting users, and 21 million registered merchants.
One97 Communications Risks
History of net losses
The company has a history of net losses and we may not be able to achieve profitability
Negative cash flows
The company has experienced negative cash flows in prior years
Contingent liabilities
The company's contingent liabilities could adversely affect the financial condition if they materialize
IPO FAQs
This IPO consists of an offer for sale of up to Rs 10,000.0 crore, of 46,511,628 shares. It also consists of a fresh issue of Rs 8,300.0 crore.
The category allocation of qualified institutional buyers is 60.0%, the category allocation of non individual investors or high networth individuals is 10.0% and for retail investors it is 30.0%.
The price band of the IPO is Rs 2080.0 - 2150.0.
The IPO application opens on Nov 08, 2021 and closes on Nov 10, 2021.
The minimum lot size for the IPO is 6. The maximum lot size for the IPO is 90.
For all category investors, the minimum application amount for this IPO is Rs. 12,900.0, the maximum value for this IPO is Rs 193,500.0.
This IPO will be allotted on Nov 15, 2021.
The refund will be credited to your account on Nov 16, 2021.
The allotted shares will be credited to your demat on Nov 17, 2021.
One97 Communications Ltd.’s shares listed on the stock exchanges on Nov 18, 2021.