One 97 Communications Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
₹-30(-1.40%)
Premium (ELP)
One 97 Communications Limited's successfully completed its Initial Public Offering and commenced trading on Nov 18, 2021 at the NSE, BSE exchange. The company raised 8,51,16,278 Shares through this public offering, comprising 3,86,04,651 Shares in fresh capital and ₹10000.00 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹2,080 to ₹2,150, with minimum application lots of 6 shares. The offering attracted significant investor interest during its subscription period from Nov 08, 2021 to Nov 10, 2021.
Share allotment was finalized on Nov 15, 2021, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2000, One 97 Communications Ltd is India’s leading digital ecosystem for consumers and merchants, serving over 333 million clients and 21 million registered merchants as of March 31, 2021. The company launched the Paytm App in 2009, India’s first digital mobile payment platform, which has grown into the country’s largest payment platform and most valuable payments brand, valued at US$6.3 billion. The app allows customers to make cashless payments, transfer money, pay bills, access banking, buy tickets, insurance, and investments, while merchants can use it for online payments, advertising, product sales, and loyalty programs.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading Digital Platform: India’s top digital payment service provider.
- Strong Brand: Recognized brand valued at US$6.3 billion.
- Large Customer Base: 333 million customers, 114 million annual users, and 21 million merchants.
- Super-App Convenience: Offers a wide range of digital payment services on mobile.
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One 97 Communications Limited
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