Muhurat Trading
November 2, 2021Latent View Analytics Limited IPO
November 5, 2021
About the Business
Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and cloud services.
In 2009, the company launched the first digital mobile payment platform, "Paytm App" to offer cashless payment services to customers and now, it became India's largest payment platform and the most valuable payments brand with a total brand value of US$6.3 billion as per Kantar BrandZ India 2020 Report. The app enables customers to do cashless transactions at stores, top-up mobile phones, online money transfers, pay bills, access digital banking services, purchase tickets, play games online, buy insurance, make investments, and more. However, merchants can use the platform for advertising, online payment solutions, offering products to customers, and loyalty solutions.
Funds from the fresh issue will be used for
The Company will utilize fresh issue proceeds for the following:
- 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.
- Investing in new business initiatives, acquisitions and strategic partnerships.
- General corporate purposes
Company Financials: (in crores)
How to apply for an IPO/Buyback Online via Navjeevan?
- Step 1: Go to our website and select an IPO that you wish to apply for.
- Step 2: Log in your details (Non-Navjeevan Client can log in via their mobile number).
- Step 2: Enter the price at which you want to apply for shares and the number of lots and provide your UPI ID
- Step 4: Submit the application and then approve the block funds request on the UPI App.
- Step 5: Done
Open: Nov 8, 2021 | Close: Nov 10, 2021