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PayMate India Ltd IPO

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.

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

PayMate India Ltd. 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 PayMate India Ltd.

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. IPO Objectives

• 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. 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.

Financial Highlights

Particulars For the year/period ended (₹ in million)
  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

How to apply for PayMate India Ltd. 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 PayMate India Ltd. IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Angel One user, Pre-Apply Now!
  • If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.

PayMate India Ltd. IPO Noteworthy Highlights:

  • More than 90% of the commercial credit cards processed through PayMate’s platform were Visa cards.
  • Total TPV has grown from Rs 210,306.89 million in Fiscal 2019 to Rs 221,419.31 million in Fiscal 2021.
  • The company recorded a 47.72% rise in revenue between 2019 and 2021 from Rs 2,358.50 million to Rs 3,484.00 million.

The Brand’s Pros & Cons:

Pros Cons
They have partnered with key stakeholders including financial institutions to enable automation of account payables and receivables for businesses. As a payment solutions provider the company needs to follow strict RBI guidelines and abide by any changes in laws and regulations.
Their innovations platform enables automation of payments, evaluation and acceptance of card numbers, detection of fraudulent transactions, and others. They are dependent on their top five customers to receive the largest part of their revenue.
The platform is developed in-house as a full-stack payment and credit engine. Any disruption in their relationship with Visa which constitutes 90% of the cards processed by PayMate will affect their future cash flow.

Competitive Peers

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

PayMate India Ltd. IPO FAQs

What is PayMate India 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. IPO allotment be available?

Details are not available.

What will be PayMate India Ltd. IPO lot size?

Details are not available.

When will PayMate India Ltd. IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When will PayMate India 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 IPO?

Angel One customers can log in to their accounts to check PayMate India 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. 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. 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 the PayMate India 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. using one PAN?

You can submit only one application using one PAN card.

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

The minimum size of the application will be one lot.

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