India1 Payments Ltd IPO, previously known as BTI (Banktech India Pvt Ltd) Payments is the largest non-bank ATM machine operator in India. It is the second-largest ATM machine operator after SBI (State Bank Of India) in India. Incorporated in 2006, The Bengaluru Headquartered company is also known as White Label ATMs (WLAs) as the ATMs which are set up, owned, and operated by non-bank entities are known as WLAs.
The initial public offering comprises of a fresh issue worth ₹150 crore and an offer for sale (OFS) of up to 10,305,180 equity shares by promoters and investors. The OFS includes sale up to 25.08 lakh equity shares by BTI Payments Singapore, 1 lakh equity shares by Banktech Group, up to 24.86 lakh equity shares by India Advantage Fund S4 I up to 49.94 lakh equity shares by India Advantage Fund S3 I, and up to 2.16 lakh equity shares by Dynamic India Fund S4 US.
10 Key Points About India1 Payments Ltd IPO
- India1 Payments operates a network of 10,300 WLAs and its ATMs are deployed under the brand name of India1ATMs.
- The ATMs are installed mostly in semi-urban and rural areas across 14 states and union territories.
- The company’s customers include people who possess a debit card or credit card of any one of the 100 banks that are a part of the National Financial Switch which is operated by the National Payments Corporation of India.
- As per RBI’s data till September, there were 2.4 lakh ATMs in the country, out of which 28,000+ are white-label machines.
- The company’s growth rate is over 15% over last year and accounts for more than 50% of incremental ATMs deployed during the same period.
- The company serves over 72 million customer transactions and facilitates an average gross transaction value of over Rs 13,600 crore every quarter.
- India1 Payments Limited has rolled out over 3,000 ATMs in CY21.
- The number of installed ATMs has grown at a CAGR of 2.4% between FY16 and FY21.
- Currently, it is installing over 300nATMs per month.
- The company will focus on states like UP, Bihar, and West Bengal which have less range of ATMs.
Objectives Of The IPO
- Repayment and prepayment of debt.
- Funding capital expenditure requirements.
- Setting up ATMs and general corporate purposes.
India1 Payments Ltd IPO Promoters
-
DAVID SCOTT GLEN.
-
THE BANKTECH GROUP PTY LTD.
-
BTI PAYMENTS SINGAPORE PTE. LTD.
Company Financials
|
Particulars(In Rs cr) |
FY21 |
FY20 |
FY19 |
|
Total Assets |
1,449 |
868.5 |
722.98 |
|
Total Borrowings |
914.7 |
472.6 |
489.9 |
|
Equity Share Capital |
9.25 |
9.25 |
9.25 |
India1 Payments Ltd IPO Details
| IPO Details | India1 Payments Ltd |
| Issue Period | Opening Date: January 2022 Closing Date: January 2022 |
| Price Band | ₹ – ₹ per equity share |
| Issue Size | ₹ |
| Face Value | ₹5 per equity share |
| Issue Type | Book built issue |
| Fresh Issue | [.] Eq Shares of ₹5 face value (aggregating up to ₹150 Cr) |
| Offer for sale | 10,305,180 Eq Shares of ₹5 face value (aggregating up to [.]) |
| Listing | NSE and BSE |
| Registrar | Link Intime India Private Limited |
India1 Payments Ltd IPO Timeline
India1 Payments Ltd IPO issue date, issue price, allotment date, and the listing date, and all the details will be announced soon.
| IPO Opens | To be announced |
| IPO Ends | To be announced |
| Allotment Begins | To be announced |
| Refund Initiation | To be announced |
| Allotment Date | To be announced |
| Listing Date | To be announced |
India1 Payments Ltd IPO Lot Size (Retail Individual Investors)
| Applications | Lots | Shares | Amount(Cut-off) |
| Minimum | – | – | – |
| Maximum | – | – | – |
India1 Payments Ltd IPO Investor Category
India1 Payments Ltd IPO has 10% of the net offer under the Retail Category.
| QIB (Qualified Institutional Buyers) | 75% of net offer |
| NII (Non-Institutional Investors) | 15% of net offer |
| RII (Retail Individual Investors) | 10% of net offer |
India1 Payments Ltd IPO GMP
India1 Payments Ltd IPO has not yet started trading in the grey market. Currently, the GMP is zero and will be updated once it starts trading in the grey market.
India1 Payments Ltd IPO Review
India1 Payments Ltd IPO review will be updated once all the details related to price band and valuations are announced. As of now, no reviews are available. Stay tuned for a detailed review soon.
India1 Payments Ltd IPO Book Running Lead Manager(s)
- JM Financial Limited.
- Edelweiss Financial Services Limited.
-
IIFL Securities Limited.
India1 Payments Ltd IPO Registrar
Company Contact Details
India1 Payments Ltd.
Units No. 801 to 810,
8th Floor, Tower “B”,
Diamond District, #150,
Old Airport Road,
Bengaluru, Karnataka,
India – 560008
Tel: 080 4357 4400
Email: support@india1.co.in