PayMate India Ltd. would fund up to Rs. 1500 crore through the public channel, which will include new shares worth Rs. 1125 crore and an offer to sell equities worth up to Rs. 375 crore. PayMate is a Mumbai-based end-to-end digital and financial services company.
![Paymate](https://ipoupcoming.com/wp-content/uploads/2023/08/Paymate.jpg)
PayMate is a prominent provider of B2B payment services to SMEs and companies. PayMate provides an integrated platform for vendor, statutory, and utility payments. It offers consumers a fully integrated B2B payment stack.
As of 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 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 initial public offering (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 service providers in terms of TPV handled..
- Between 2019 and 2021, they added 391 new businesses and 49,227 new SMEs, bringing their total customer base to 49,618.
- Visa is one of PayMate’s shareholders, owning 2.94% of the company.
PayMate India Ltd 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
Strengths
- They have partnered with key stakeholders including financial institutions to enable automation of account payables and receivables for businesses.
- Their innovations platform enables automation of payments, evaluation and acceptance of card numbers, detection of fraudulent transactions, and others.
- The platform is developed in-house as a full-stack payment and credit engine.
Risks
- As a payment solutions provider the company needs to follow strict RBI guidelines and abide by any changes in laws and regulations.
- They are dependent on their top five customers to receive the largest part of their revenue.
- Any disruption in their relationship with Visa which constitutes 90% of the cards processed by PayMate will affect their future cash flow.
PayMate India Ltd IPO FAQs :
Q1. What is PayMate India Ltd. Ltd. IPO?
Ans. 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.
Q2. When will PayMate India Ltd. Ltd. IPO allotment be available?
Ans. Details not available.
Q3. What will be PayMate India Ltd. Ltd. IPO lot size?
Ans. Details not available.
Q4. When will PayMate India Ltd. Ltd. IPO open for subscription?
Ans. Details not available.
Q5. What minimum lot size can retail investors subscribe to?
Ans. Retail investors can apply for a minimum of one lot.
Q6. When will PayMate India Ltd. Ltd. list on exchanges?
Ans. It usually takes ten working days from the last day of subscription to list the IPO on the bourses.
Q7. What would be the listing gains on PayMate India Ltd. Ltd. IPO?
Ans. 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.
Q8. I have finished the application process for PayMate India Ltd. Ltd. IPO, but the funds are not yet debited. What is the reason?
Ans. 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.
Q9. How to approve the UPI mandate request for PayMate India Ltd. Ltd. IPO?
Ans. Login to your UPI handle and approve the payment mandate to complete the IPO application process.
Q10. Can I submit more than one application for the public issue of PayMate India Ltd. Ltd. using one PAN?
Ans. You can submit only one application using one PAN card.
Q11. What is the minimum order quantity for PayMate India Ltd. Ltd. IPO?
Ans. The minimum size of the application will be one lot.