PayMate India Ltd. IPO Details
PayMate India was incorporated on May 12, 2006. PayMate is a B2B payments and services provider that digitizes, automates, and streamlines business-to-business payments in supply chains
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹15,000.0 M | DRHP DOC |
PayMate India Ltd. issue details
PayMate India Ltd. IPO issue size is ₹ 15,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
PayMate India Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
PayMate India Ltd. NUMBER OF SHARES ON OFFER
PayMate India Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| 9MFY22 | -427.8 | 8,434.4 | -426.3 | -422.9 | -2.9% |
| FY21 | -281.1 | 3,484.0 | -128.3 | -74.2 | -11.6% |
| FY20 | -277.7 | 2,161.4 | -391.1 | -412.7 | -7.4% |
| FY19 | -79.6 | 2,358.5 | -72.3 | -68.0 | -4.9% |
PayMate India Ltd. INFORMATION ON IPO ISSUE
About PayMate India Ltd.
PayMate India was incorporated on May 12, 2006. PayMate is a B2B payments and services provider that digitizes, automates, and streamlines business-to-business payments in supply chains
Object of the Issue
- Investment for expanding The business into new geographies
- Pursuing inorganic initiatives
- Placing cash as collateral with the financial institution partners to improve the margins
- General corporate purposes
PayMate India Ltd. Strengths
Leading solutions provider
Leading B2B payments solutions provider
Long-term customer relationships
Long-term customer relationships and a deep focus on user engagement
Relationships with key stakeholders
Relationships with key stakeholders in the payment automation ecosystem
Technology-enabled platform
Scalable and data-centric technology-enabled platform
Risk management
Strong focus on processes and risk management
Experienced management
Experienced management team and marquee shareholders
PayMate India Ltd. Risks
Dependent on limited customers
The company's significant portion of revenues comes from certain customers. The largest customer and top five customers contributed 20.68% and 43.50% of revenue from operations for the nine months ended December 31, 2021, respectively.
Incurred losses
The company has a history of net losses and has experienced negative cash flows in previous Fiscals
Dependent on the use of commercial credit cards
The company is dependent on the use of commercial credit cards as a payment mechanism for customers
IPO FAQs
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.