India1 Payments IPO GMP, India1 Payments Grey Market Premium
India1 Payments IPO: India1 Payments IPO GMP (India1 Payments Grey Market Premium), India1 Payments IPO Date, India1 Payments IPO Review, India1 Payments IPO Benefits & Risks. We will update India1 Payments GMP daily. Also, all information related to India1 Payments IPO like price band, all dates, issue size and retail parts etc. All the important information about India1 Payments IPO is given below.
India1 Payments IPO
India1 Payments Limited was the second-largest operator of ATMs in terms of the number of ATMs in SURU areas as of June 30, 2021. and is the largest independent non-bank ATM operator in India by operating base. The IPO of India1 Payments Limited is expected in early 2022. India1 Payments Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs - crore through IPO (Initial public offering).
India1 Payments IPO will open on January 2022 and close on January 2022. The price band of the Tracxn IPO is ₹- to ₹-. India1 Payments Ltd is looking to raise around ₹[.] crores through an initial public offering (IPO). India1 Payments IPO QIB quota is 75%, NII quota is 15% and RII quota is 10%. India1 Payments IPO listing date is - January 2022. India1 Payments Limited IPO GMP (Grey Market Premium) has not started yet.
you can know about India1 Payments Limited's financial performance in the Financial section. The company has made a profit of ₹3.24 crores in the financial year 2021. India1 Payments IPO Size is ₹- crores. In this IPO, approx 10,305,180 Equity shares will be sold under OFS (Offer for sale) and the rest (Approx ₹150 Crores) will be sold under fresh issue. The IPO of India1 Payments will be listed on NSE and BSE. India1 Payments IPO face value is ₹- per equity share.
We will talk about India1 Payments' financial, benefits, and risks of investing in the company.
Read About
What is India1 Payments IPO GMP Today?
India1 Payments IPO GMP is ₹.
What is India1 Payments IPO Date?
India1 Payments IPO Opening date is January 2022.
What is India1 Payments IPO Expected Return?
India1 Payments IPO Expected Returns is approx -%.
About India1 Payments Limited
Now let us talk about India1 Payments. India1 Payments Ltd was incorporated in the year 2006.India1 Payments Limited was promoted by Banktech Group Pty Limited and BTI Payments Singapore Pty Limited. India1 Payments has carved out a strong position in the POS industry before rapidly expanding into ATM deployment and managed services. Also India1 Payments Limited has emerged as a leading White Label ATM Operator.
The headquarter of the company is located in Bangalore. The company has around 8520 ATMs under the India1 ATM brand as of 30 June 2021. India1 Payments Limited is the second largest Semi-Urban and Rural (SURU) ATM brand. The company started the Micro ATM business after India1 Payments successfully established the ATM business. India1 Payments currently operates using Micro-ATMs with 1,161 active units deployed in 6 states.
India1 Payments Limited is the holding company of BANKTECH Group. Today India1 Payments is an exclusive payment and technology solutions provider across industries and geographies. BANKTECH became the first independent ATM supplier in 1998 with the launch of the CashConnect ATM network. Banktech Australia currently owns and operates over 2,500 ATMs in hotels, clubs, and casinos across Australia. Apart from Australia, BANKTECH has a presence in India, the Philippines, and Cambodia.
Important Links:
- India1 Payments Ltd Website
- India1 Payments DRHP
- India1 Payments RHP
Purpose of the offer
- The company in its offer is offering fresh equity shares worth Rs 150 crore and an offer for sale (OFS) of 10,305,180 equity shares by the promoters.
- To prepay/repay all or a part of the dues raised by the company.
- To meet general corporate objectives.
India1 Payments GMP Today (Grey Market Premium)
[Note: India1 Payments Ltd IPO GMP has not started yet]
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| January | ₹ | ₹ | ₹ |
| January | ₹ | ₹ | ₹ |
| January | ₹ | ₹ | ₹ |
| January | ₹ | ₹ | ₹ |
| January | ₹ | ₹ | ₹ |
| January | ₹ | ₹ | ₹ |
| January | ₹ | ₹ | ₹ |
| January | ₹ | ₹ | ₹ |
| January | ₹ | ₹ | ₹ |
| January | ₹ | ₹ | ₹ |
| January | ₹ | ₹ | ₹ |
India1 Payments IPO Date and Price Band Details
India1 Payments IPO open date: January 2022, Closing date: January 2022, and Listing date: January 2022. The price band of India1 Payments IPO is ₹- to ₹-per share. India1 Payments IPO issue size is Rs - crores. India1 Payments Ipo retails portion is 10%, QIB Portion is 50%, and NII Portion is 35%.
| IPO Open: | January 2022 |
| IPO Close: | January 2022 |
| Listing Date: | January 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹-Crores |
| Fresh Issue: | Approx ₹150 Crores |
| Offer For Sale: | Approx 10,305,180 equity share |
| Price Band: | ₹- to ₹- per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
India1 Payments IPO Market Lot & Size
India1 Payments IPO's minimum lot size is - shares with ₹- application amount and the maximum lot size is - shares with ₹- application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | - Shares |
| Minimum Amount: | ₹- |
| Maximum Lot: | 14 |
| Maximum Lot Size: | - Shares |
| Maximum Amount: | ₹- |
India1 Payments IPO Allotment & Listing Date
| Ipo Opening Date: | January 2022 |
| IPO Closing Date: | January 2022 |
| Basis of Allotment: | January 2022 |
| Refund Date: | January 2022 |
| Credit to Demat Account: | January 2022 |
| Listing Date: | January 2022 |
India1 Payments IPO Review
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India1 Payments Ipo Review
[Not rated yet (To be updated)]
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- India1 Payments Limited has a strong presence in semi-urban and rural areas.
- The company has a network of about 8540 ATMs in 14 states.
- India1 Payments Limited is the second-largest operator in semi-urban and rural areas.
- Apart from the country, the company has a presence in Australia, the Philippines, and Cambodia.
- India1 Payments has a professional Board of Directors, experienced promoters, and management team.
Risks
- The company is dependent on the RBI and scheduled banks for the supply of cash required to run its ATMs.
- Now the government is giving more emphasis on digital transactions and the use of digital transactions is increasing. Also, the possibility of further growth in this business in future is negligible.
- The promoters and directors of the company are involved in some legal proceedings. If the result is not in their favour, the company can be negatively affected.
- The company was making losses in the financial years 2019 and 2020.
India1 Payments Financials
India1 Payments Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2018 | ₹722.98 | ₹234.96 | -₹24.18 |
| 2019 | ₹868.53 | ₹266.15 | -₹5.87 |
| 2020 | ₹1,449.05 | ₹327.06 | ₹3.34 |
Promoters
The promoters of the company are:
- David Scott Glen
- The Banktech Group
- BTI Payments Singapore
Contact Details of India1 Payments
India1 Payments Limited
Units No. 801 to 810, 8th Floor, Tower “B”,
Diamond District, # 150, Old Airport Road,
Bengaluru, Karnataka, India 560 008
Tel: +91 80 4357 4400
Website: www.india1payments.in
India1 Payments Lead Managers
- JM Financial Limited
- IIFL Securities Limited
- Edelweiss Financial Services Limited
India1 Payments IPO Registrars
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
Website: www.linkintime.co.in
Conclusion
There are some bad and some good things in India1 Payments Limited. The company has a strong presence in semi-urban and rural areas. The company was in a loss in the financial years 2019 and 2020. The fellow government is paying more attention to digital transactions and the use of digital transactions is increasing. Chances of further growth in this type of business are negligible in the future. Our suggestion will be updated when India1 Payments IPO price band and other IPO details are announced. India1 Payments Limited's financial statement and other information are given above.
India1 Payments IPO FAQs
What is India1 Payments IPO GMP Today?
India1 Payments IPO GMP is ₹- as of today.
What is India1 Payments IPO Opening Date?
India1 Payments IPO Opening date is January 2022.
What is the India1 Payments IPO Closing Date?
India1 Payments IPO Closing date is January 2022.
What is the India1 Payments IPO Allotment date?
India1 Payments IPO Allotment Date is January 2022.
What is India1 Payments IPO Listing Date?
India1 Payments IPO Date is January 2022.
What is India1 Payments IPO Kostak Rate?
India1 Payments IPO Kostak rate is ₹-.
What is India1 Payments IPO Expected Returns?
India1 Payments IPO Expected Returns is -%.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the India1 Payments Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "India1 Payments Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
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