IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

To be announced

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

To be announced

About Company

PayMate India Limited will raise up to Rs. 1500 crore through the public route, consisting of new shares worth Rs 1125 crore and an offer for sale of equities up to Rs. 375 crore. PayMate is an end-to-end digital and financial services company based in Mumbai.

PayMate is a leading B2B payment service provider for SMEs and enterprises. PayMate offers an integrated platform facilitating vendor payment, statutory and utility payments. It provides a fully-integrated B2B payment stack to the customers. 

As on December 31, 2021, the company had 49,953 customers using their payment platform, including 480 enterprise customers and 49,473 small and medium enterprises.

PayMate India Ltd. Ltd.Objective 

  • The net proceeds from the fresh issues will be utilised for leveraging its capacity and strengthening the brand - growing customer base, expanding geographical presence in the international market, increasing penetration in the existing supply chain system, expanding relationships with financial institutions, and others.

Why should you invest in the PayMate India Ltd. Ltd.IPO?

Here are our top reasons.

  • PayMate is the largest B2B payments player and one of the fastest-growing Indian online, card-based payment-processing services providers, in terms of TPV processed.
  • Between 2019 and 2021 they have expanded their customer base to 49,618 customers with 391 new enterprises and 49,227 new SMEs.
  • PayMate has Visa as one of their stakeholders with 2.94% stake in the company.

Competitive Peers

There are no listed companies in India with a business portfolio similar to PayMate. Hence, a strict comparison isn’t possible.

IPO Financials

Particulars FY21 FY20 FY19
Revenue From Operation 3,484.00 2,161.39 2,358.50
EBITDA 255.97 249.64 69.13
EBITDA Margin (%) 7.35 11.55 2.93
Profit After Tax 277.68 281.12 427.80
EPS 280.60 279.22 80.59
ROE -163.39 -79.57 209.11

Know before investing


  1. They have partnered with key stakeholders including financial institutions to enable automation of account payables and receivables for businesses.

  2. Their innovations platform enables automation of payments, evaluation and acceptance of card numbers, detection of fraudulent transactions, and others.

  3. The platform is developed in-house as a full-stack payment and credit engine.


  1. As a payment solutions provider the company needs to follow strict RBI guidelines and abide by any changes in laws and regulations.

  2. They are dependent on their top five customers to receive the largest part of their revenue.

  3. Any disruption in their relationship with Visa which constitutes 90% of the cards processed by PayMate will affect their future cash flow.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

PayMate India Ltd IPO FAQs

What is PayMate India Ltd. Ltd. IPO?

PayMate India Ltd. Ltd. has filed for a Rs 1330 crore IPO consisting of new shares worth Rs 330 crore and an offer for sale of Rs 1000 crore equity shares.

When will PayMate India Ltd. Ltd. IPO allotment be available?

Details not available.

What will be PayMate India Ltd. Ltd. IPO lot size?

Details not available.

When will PayMate India Ltd. Ltd. IPO open for subscription?

Details not available.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will PayMate India Ltd. Ltd. list on exchanges?

It usually takes ten working days from the last day of subscription to list the IPO on the bourses.

How to check the allotment status of PayMate India Ltd. Ltd. IPO?

Angel One customers can log in to their accounts to check PayMate India Ltd. Ltd. IPO allotment status.

When checking the allotment status, keep your application, DP ID, and PAN number ready.

What would be the listing gains on PayMate India Ltd. Ltd. IPO?

Listing gain is the difference between the IPO’s opening and offer prices.

The listing gain results from changing investors’ interests, global parameters, and short vs long-term outlooks.

I have finished the application process for PayMate India Ltd. Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.

How to approve the UPI mandate request for PayMate India Ltd. Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of PayMate India Ltd. Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for PayMate India Ltd. Ltd. IPO?

The minimum size of the application will be one lot.