Paymate India IPO
- Status: Upcoming
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Last Updated: 25 January 2024 4:10 PM by rahul_raskar
Established in 2006, PayMate India Limited is one of the leading B2B payments and services providers. The company has an integrated platform which includes multiple payment categories including vendor payments, statutory and utility payments, providing a “fully-integrated” B2B payments stack to its customers.
Some of the popular clients of the company are Crompton Greaves Consumer Electricals Limited, Kansai Nerolac Paints Limited, SBI Cards and Payment Services Limited and Jay Bharat Maruti Limited.
Peer Comparison
No listed peers.
Strengths
1. The company is a leading player in the B2B payments solutions industry.
2. Long-term Customer relationships.
3. It has a scalable and data-centric technology-enabled platform.
4. The company has a strong focus on processes and risk management.
5. Experienced Promoters and Senior Management.
Risks
1. The company operates in a regulated industry and is subject to evolving laws and regulations.
2. It is reliant on our contracts and arrangements with Visa Inc. in respect of B2B digital payments.
3. It has reported a net loss in the past.
4. The company has also reported negative cash flow in the past.
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FAQs
Yet to be announced.
The estimated size of PayMate IPO is ₹1500.
To apply for PayMate IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the PayMate India IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
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ICICI Securities Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, and SBI Capital Markets Limited are the book-running lead managers for PayMate IPO.
PayMate India Limited plans to utilize the raised capital from the IPO to:
1. Investment in expanding our business into new geographies
2. Inorganic initiatives for growth
3. General corporate purpose