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India1 Payments IPO
India1 Payments Limited has submitted the preliminary documents to SEBI to file for IPO. The issue consists of Rs.150 worth of fresh equity and up to 10,305,180 equity shares for the offer for sale.
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Listing at NSE, BSE
India1 Payments IPO Important Dates
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
About India1 Payments Limited
India1 Payments, also known as White Label ATM operator, is one of the largest non-bank ATM operators. The company is known as White LAbel ATM operator based on the transaction number in FY2021 and the number of the installed base as of March 31, 2021. The company has 8,520 ATMs across 14 states and union territories as of June 2021. The ATM business of the company is mainly focused on semi-urban regions and rural regions in India.
The customers hold a valid debit card from one of the 100 banks that are members of the National Financial Switch (“NFS”) operated by the National Payments Corporation of India (“NPCI”).
The revenue of the company is based on a per-transaction basis on an interchange fee that is paid by the customer's bank for processing the ATM transactions.
India1 Payments IPO Objectives
• A part of the fund will be used for funding the capital expenditure requirement of the company.
• 25% of the net proceed will be used for different brand-building exercises, strengthening marketing capabilities.
Why should you invest in the India1 Payments IPO?
- In the year FY2021, FY2020, and FY2019, the gross transaction value (GTV) from India Payment’s ATM was ₹270,787.74 million, ₹310,064.55 million, and ₹439,745.20 million respectively.
- India has a lower penetration of commercial bank branches and ATMs as compared to the other countries. So there is a good opportunity for financial inclusion and banking service penetration.
- The Indian population comprises 66% of the Indian population. Approx 4% of India's GDP comes from rural areas. As the company mainly focused on semi-urban and rural areas, there is a significant chance of growth.
Financial Highlights
| Particulars | As of, or for the fiscal year ended, March 31 | ||
|---|---|---|---|
| 2021 | 2020 | 2019 | |
| Total Income | 3,270.58 | 2661.46 | 2349.63 |
| Interest & Financing Expenses | 587.96 | 482.08 | 525.64 |
| EBITDA | 1455.22 | 1113.49 | 879.37 |
| EBITDA Margin | 44.49% | 41.84% | 37.43% |
| Net Profit (loss) for the year | 33.38 | (58.66) | (241.84) |
| PAT margin | 1.02% | (2.20%) | (10.29%) |
| PAT margin | 1.02% | (2.20%) | (10.29%) |
| Total borrowing | 9,146.25 | 4725.68 | 4889.31 |
How to apply for India1 Payments IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for India1 Payments IPO and approve the payment on your UPI ID.
Demat Account
- If you are an existing Angel One client, Pre-Apply Now!
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
India1 Payments Noteworthy Highlights:
- In Nov 2020, the company started a loyalty program that offers cash back and redemption prizes. This was done to encourage the customer to do a greater transaction volume. As of June 2021, the company had had 379,498 customers registered in the program, and the brand has reached 379,498 customers registered in the program.
- As of 2021, the brand has processed an average of 24 million transactions per month on its ATM network.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| India1 Payment is the largest brand in white label ATM operator. | Any change of law by the Reserve Bank of India, can adversely affect the business. |
| They brand is focused in semi-urban & rural areas where they have a vast opportunity in growing. | The whole business is dependent on growth and maintenance of the ATM network. Any failure to do so can affect the business and cash flow. |
| In FY21, FY20 and FY19 the total income was ₹3,270.58 million, ₹2,661.46 million and ₹2,349.63 million, respectively. | As RBI is responsible to provide the cash for the ATM, any delay in the process can directly affect the business. |
| They follow an operating model that maximises their customer availability. The company has over 900 franchisees responsible for the operations of over 2,000 ATMs. | Any fines or investigation by the RBI can have a negative impact on the business. |
Competitive Analysis: Market Peers
| Players | ATMs deployed in top 10 states | ATMs deployed in top 5 states | Major states and their share |
|---|---|---|---|
| India1 Payments Limited | 96% | 72% | Tamil Nadu (22%), Uttar Pradesh (19%), Bihar (14%), Andhra Pradesh (9%), Karnataka (8%) |
| Tata Communications Payment Solutions Ltd | 87% | 58% | Tamil Nadu (18%), Maharashtra (11%), Bihar (10%), Telangana (10%), Uttar Pradesh (9%) |
| Hitachi Payment Services Pvt. Ltd | 75% | 52% | Uttar Pradesh (16%), Maharashtra (14%), Tamil Nadu (11%), Madhya Pradesh (6%), Rajasthan (5%) |
| Vakrangee Limited | 92% | 76% | Rajasthan (22%), Uttar Pradesh (22%), Maharashtra (20%), Madhya Pradesh (8%), Gujarat (4%) |
India1 Payments IPO FAQs
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How to check the allotment status of India1 Payments IPO on the Angelone App?
Step 1: Login & Look for Investment Opportunities via Angelone App.
Step 2: Choose IPOs & FPOs.
Step 3: Click Order Book.
How will I get my India1 Payments stock?
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