India1 Payments IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 31, 2023Let’s have a detailed review of the company and analytics of the India1 Payments IPO release date, IPO offer price, subscription, India1 Payments Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 5 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 1,500 Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
India1 Payments IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
India1 Payments IPO – Summary
They are the largest independent non-bank ATM operator (referred as white label ATM operator) in India, based on the number of ATM transactions in Fiscal 2021 and installed base as of March 31, 2021.
As of June 30, 2021, they operated a network of 8,520 ATMs across 14 states and union territories in India, which they brand as “india1ATM”.
White label ATM operators operate under license by the RBI under the Payment & Settlement Systems Act, 2007, and they have been authorized white label ATM operators since February 12, 2014.
The Promoter of this company is DAVID SCOTT GLEN, THE BANKTECH GROUP PTY LTD, AND BTI PAYMENTS SINGAPORE PTE. LTD.
The lead manager to the issue is JM Financial Limited, Edelweiss Financial Services Limited, and IIFL Securities Limited, and the Registrar to this issue is Link Intime India Private Limited.
India1 Payments IPO Date
The opening and the closing date of India1 Payments IPO are not available yet.
Check out Related IPO Links:
| India1 Payments IPO GMP |
| Allotment – India1 Payments IPO |
India1 Payments IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check India1 Payments IPO LIVE Subscription
- India1 Payments IPO LIVE Bid details on BSE
- India1 Payments IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
India1 Payments IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders.
However, the Allotment Status is not yet disclosed.
India1 Payments Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
India1 Payments IPO Price Band
The face value of each share is Rs.5, but the price band of the IPO is Rs.[●]
India1 Payments IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.5 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
India1 Payments IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.5/ each.
Issue Size: X Equity Shares of Rs.5 each, aggregating to Rs.[●] Million
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India1 Payments IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – India1 Payments Share Price |
India1 Payments IPO Grey Market Premium
The India1 Payments Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
India1 Payments IPO – Company Overview
Their ATM business is focused on semi-urban regions (population between 10,000 and 100,000) and rural regions (population under 10,000) in India (together the “SURU regions”), where 7,619 ATMs (89.42% of their ATMs) were located as of June 30, 2021.
According to CRISIL Research, their Company was the second-largest operator of ATMs in terms of the number of ATMs in the SURU regions as of June 30, 2021.
They have developed an operating model that aims to maximize customer availability for their ATMs and to yield a better local customer experience.
An important part of their model has been to franchise some of their ATMs, primarily to local entrepreneurs in the SURU regions.
They leverage the local knowledge and experience of their franchisees to guide their site selection and their ATM services so as to better serve the particular local needs of their customers.
Through their franchisees, they are able to deploy their ATMs in towns and villages where cash management infrastructure is limited and where they may enjoy less competition.
In addition, they utilize their franchisee’s proximity to local ATMs to provide for more efficient cash replenishment and front-line maintenance and encourage their franchisee’s support in the resolution of local environmental issues that ensure the smooth functioning of the location.
Further, they also have a business intelligence tool that allows them to drive customer analytics.
India1 Payments IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 14,490.45 | 8,685.32 | 7,229.79 |
| *Total Revenue | 3,270.58 | 2,661.46 | 2,349.63 |
| Total Expense | 3,249.00 | 2,747.51 | 2,642.41 |
| Profit After Tax | 33.38 | (58.66) | (241.84) |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic | 1.80 | (3.17) | (13.07) |
| Diluted | 1.12 | (3.17) | (13.07) |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 33.38 Million, Rs. (58.66) Million, and Rs. (241.84) Million respectively.
India1 Payments IPO – Promoters
The Promoter of this company is:
- DAVID SCOTT GLEN
- THE BANKTECH GROUP PTY LTD
- BTI PAYMENTS SINGAPORE PTE. LTD.
List of Related Parties (Key Managerial Personnel)
- R. Subramaniakumar, Chairman and Independent Director
- K Srinivas, Managing Director, and Chief Executive Officer
- David Scott Glen, Non-Executive Director
- Peter Alexander Blackett, Non-Executive Nominee Director
- Nikhil Mohta, Non-executive nominee Director
- Amrita Gangotra, Independent Director
India1 Payments IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
India1 Payments IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 18,497,634 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
India1 Payments IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by their Company;
2. Funding capital expenditure requirements of their Company for setting up of ATMs; and
3. General corporate purposes.
India1 Payments IPO – Business Strategy
- Continue expansion of their ATM deployment in semi-urban and rural areas
- New product launch including micro-ATMs and digital platform
- Improving their local operational capabilities
- Drive profitability through customer engagement and by operating cost management
India1 Payments IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Focused presence in under-banked semi-urban and rural areas
- Largest white label ATM operator with a growing ATM network
- ATM operating model enriching the local customer experience and yielding higher customer availability
- Favourable regulatory environment
- Growing profitability and cash flows through a focus on unit economics and active cost management
- Experienced management team with the support of The Banktech Group
The relevant quantitative factors are:
| Basic EPS | Diluted EPS |
RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 1.80 | 1.12 | 1.70 | 106.13 |
| 31-Mar-20 | (3.17) | (3.17) | (3.95) | – |
| Mar-19 | (13.07) | (13.07) | (48.79) | – |
India1 Payments IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| India1 Payments Limited | 10 | [●] | 1.80 | 1.70 | 3,270.58 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
India1 Payments IPO Lead Managers
| Lead Managers |
| JM Financial Limited
Edelweiss Financial Services Limited IIFL Securities Limited |
India1 Payments IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park L. B. S. Marg, Vikhroli West Mumbai – 400 083 Maharashtra, India Tel: +91 22 4918 6200 E-mail: india1.ipo@linkintime.co.in Investor grievance E-mail:india1.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No: INR000004058 |
India1 Payments IPO – Other Details
- Statutory Auditor – Walker Chandiok & Co LLP, Chartered Accountants
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co.
- Bankers to the Company – Australia and New Zealand Banking Group Limited, HDFC Bank Limited, The Federal Bank Limited, IDFC First Bank Limited, and ICICI Bank Limited
India1 IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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India1 Payments Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
India1 Payments IPO Review FAQs
Ques – What is the Issue Size of India1 Payments IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of India1 Payments IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.5 per share.
Ques – What is the India1 IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the India1 Payments IPO Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the India1 IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of India1 Payments IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of India1 Payments IPO?
Answer – Here are the promoters of this IPO – DAVID SCOTT GLEN, THE BANKTECH GROUP PTY LTD, AND BTI PAYMENTS SINGAPORE PTE. LTD. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of India1 Payments IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is India1 Payments IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of India1 Payments?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 33.38, 2020 is (58.66), 2019 is (241.84).
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