One 97 Communications has released its Monitoring Agency Report for the quarter ended September 30, 2025. The report, issued by Axis Bank Limited, confirms no deviations in the utilization of issue proceeds from the company’s initial public offering. Key objectives include strengthening the Paytm ecosystem, business initiatives, and general corporate purposes. Approximately ₹6,119 crores have been utilized out of the total ₹8,119 crores allocated.
No Deviations in IPO Fund Utilization
According to the Monitoring Agency Report by Axis Bank Limited, One 97 Communications has shown no deviation in the utilization of funds raised during its Initial Public Offering (IPO). The report, dated November 4, 2025, covers the quarter ended September 30, 2025.
Key Objectives and Financial Allocation
The IPO funds were primarily allocated to:
- Growing and strengthening the Paytm ecosystem.
- Investing in new business initiatives.
- General corporate purposes.
As of September 30, 2025, the company has utilized approximately ₹6,119 crores out of the total ₹8,119 crores earmarked for these objectives. The remaining funds are held in bank deposits and balances, generating a return on investment of 2.93%.
Detailed Breakdown of Fund Utilization
Ecosystem Growth
A total of ₹4,300 crores was allocated to grow and strengthen the Paytm ecosystem. This includes expenses related to marketing and promotions (₹761 crores), expanding the merchant base (₹1,722 crores), and strengthening the technology-powered payments platform (₹1,817 crores).
New Business Initiatives
₹2,000 crores was earmarked for investments in new business initiatives, acquisitions, and strategic partnerships. No amounts from the IPO had been utilized under this allocation in the reported quarter.
General Corporate Purposes
Out of the ₹1,819 crores allocated for general corporate purposes, the entire amount has been deployed. Notably, the company transferred ₹1 Crore from its Monitoring Agency account to General Purpose bank accounts due to interest earned in the previous quarter and received an additional ₹13 Crores from interest on Fixed deposits in September 2025.
Source: BSE
