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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

View all upcoming IPOs

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

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

What is India1 Payments' Initial Public Offering?

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.

When will allotments for the India1 Payments IPO become available?

India1 Payments IPO will finalize the allotment by <>.

What will the IPO lot size for India1 Payments be?

Each India1 Payments IPO lot has <> shares.

When will India1 Payments IPO be available to buy?

The IPO of India1 Payments will be open for subscription from <>.

What is India1 Payments smallest lot size available to retail investors?

The minimum market lot size for the India1 Payments IPO is <> shares.

Which exchanges will India1 Payments list on?

India1 Payments shares will be listed on both BSE as well as the National Stock Exchange (NSE).

What is the IPO size of India1 Payments?

The IPO size of India1 Payments is Rs <> crore.

How to check the allotment status of India1 Payments IPO on the Angelone App?

The easiest ways to check your IPO allotment status on the Angelone app are below:
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?

Following allotment, the India1 Payments shares will be credited to the Demat account.

Can I use one PAN to submit multiple applications for the public issue of India1 Payments?

No, you cannot use the same PAN to make multiple applications for this India1 Payments IPO or any other public offering.

Is it necessary to give immediate approval to a UPI mandate request?

Yes, immediately approving a UPI mandate request is preferable. Accepting it as soon as you receive it is much better.

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