One97 Communications Ltd. share price target

One 97 Communications Ltd (Paytm) continues to sequentially improve its margins as
evidenced in its reported consolidated loss of Rs 6.5bn in Q1FY23 being lower than the
loss of Rs 7.6bn in Q4FY22.

RBI has directed Paytm Payments Bank (PPBL), an associate of One 97 Communications (OCL or Paytm), to temporarily halt onboarding of new customers, via a letter dated 11th Mar’22. The embargo will have an adverse impact on signing up users for new PPBL wallets or savings / current accounts, until further notice.

One 97 Communications’ (OCL or Paytm used interchangeably in the report) two-sided digital ecosystem of 64.4mn average monthly transacting users (MTUs) (as at Dec’21) from >350mn consumer base and over 24.9mn merchants is core to its unit economics.

IPO Note : One 97 Communications Limited (Paytm) One 97 Communications Ltd (Paytm) is Indias leading digital ecosystem for consumers and merchants, according to RedSeer

IPO note

Incorporated in 2000, One 97 Communications Ltd is Indias leading digital ecosystem for consumers as well as merchants. In 2009, the company launched the first digital mobile payment platform, Paytm App to offer cashless payment services to customers and now, it became Indias largest payment platform and the most valuable payments brand. It offers payment

Morgan Stanley India Company Pvt Ltd, Goldman Sachs (I) Securities Private Ltd, Axis Capital Ltd, ICICI Securities Ltd, J.P. Morgan India Pvt Ltd, Citigroup Global Markets...

A key strategic focus is to scale up its consumer & merchant lending businesses, including Paytm Postpaid and wealth management offerings Paytm plans to continue to expand the merchant network across cities and...