Initial public offering of up to [*] equity shares of face value of Rs. 1 each (equity shares) of One 97 Communications Limited (The company or the issuer) for cash at a price of Rs. [*] per Equity share (including a share premium of Rs. [*] per equity share) (the offer price) aggregating up to Rs. 16600 Crores, comprising a fresh issue of up to [*] equity shares aggregating to Rs. 8300 Crores (the fresh issue) and an offer for sale of up to [*] equity shares aggregating up to Rs. 8300 Crores, comprising up to [*] equity shares aggregating to Rs. [*] Crores by Mr. Vijay Shekhar Sharma (The founder selling shareholder), up to [*] equity shares aggregating up to Rs. [*] Crores by Antfin (Netherlands) Holding B.V., up to [*] equity shares aggregating up to Rs. [*] Crores by Alibaba.Com Singapore E-Commerce Private Limited, up to [*] equity shares aggregating up to Rs. [*] Crores by Elevation Capital V Fii Holdings Limited, up to [*] equity shares Aggregating up to Rs. [*] Crores by Elevation Capital V Limited, up to [*] equity shares aggregating up to Rs. [*] Crores by Saif Iii Mauritius Company Limited, up to [*] equity shares aggregating Up to Rs. [*] Crores by Saif Partners India Iv Limited, up to [*] equity shares aggregating up to Rs. [*] Crores by Svf Panther (Cayman) Limited and up to [*] equity shares aggregating up to Rs. [*] Crores by Bh International Holdings, (The investor selling shareholders) and up to [*] equity shares aggregating up to Rs. [*] Crores by the persons listed in this draft red herring Prospectus (the other selling shareholders, as defined below) (the founder selling shareholder, the investor selling shareholders and the other selling shareholders, collectively, The selling shareholders, and such equity shares offered by the selling shareholders, the offered shares) (such offer for sale by the selling shareholders, the offer for sale and together with the fresh issue, the offer). This offer includes a reservation of up to [*] equity shares aggregating up to Rs. [*] Crores (constituting up to [*]% of the post-offer paid-up Equity share capital of the company) for subscription by eligible employees (the employee reservation portion). The offer less the employee reservation portion is hereinafter referred to as the Net offer. The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. The company and the Investor selling shareholders, in consultation with joint global co-ordinators and book running lead managers (JGC-BRLMS) and the book running lead managers (BRLMS), may offer a Discount of up to [*]% of the offer price to eligible employees bidding in the employee reservation portion (employee discount).The Face Value of Equity Shares is Rs.1 each.