Paymate India Limited
-16 % 1 MAbout Paymate India Limited
A Comprehensive Overview of Price & Journey
Understanding Paymate India Limited Inception and Growth
Overview
PayMate India Limited is an Indian financial services company which is specializes in providing business-to-business (B2B) digital payment solutions. It was established in May 2006 by Ajay Adiseshan, and the company is headquartered in Mumbai, Maharashtra. The company provides an integrated cloud-based platform that automates payables, receivables, invoicing, and cash flow management for businesses of all sizes. It is a trusted partner for corporates and SMEs transitioning from traditional payment methods to efficient digital solutions. It has expanded its operations internationally, serving clients across India and the CEMEA (Central Europe, Middle East, and Africa) region. Interest in PayMate India Limited share price has grown, particularly after its IPO filing.
Products & Services
PayMate offers a comprehensive range of services
-
B2B Payments Platform: Automation of payables and receivables across multiple payment modes.
-
Invoicing and Reconciliation: Streamlined workflows for real-time reconciliation.
-
Cash Flow Management: It provides Tools to optimize working capital and manage credit.
-
Tax Payments: It also provides Simplified tax compliance through digital solutions.
-
Credit Access: It also offers Data-driven credit via lending partners.
Board of Directors
The Board of Directors includes experienced professionals guiding the company’s strategic direction:
-
Ajay Adiseshan - Founder, Managing Director & Chairman
-
Vishvanathan Subramanian (Ravi) - CFO & Director
IPO Details
PayMate India Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI in May 2022 to float its Initial Public Offering (IPO). The IPO aims to raise funds for business expansion, debt repayment, and general corporate purposes.
Subsidiaries
PayMate operates through the following subsidiaries:
-
PayMate Payments Services Provider LLC (PayMate LLC)
-
PayMate India SPC
SHOW MORE...
Overview
PayMate India Limited is an Indian financial services company which is specializes in providing business-to-business (B2B) digital payment solutions. It was established in May 2006 by Ajay Adiseshan, and the company is headquartered in Mumbai, Maharashtra. The company provides an integrated cloud-based platform that automates payables, receivables, invoicing, and cash flow management for businesses of all sizes. It is a trusted partner for corporates and SMEs transitioning from traditional payment methods to efficient digital solutions. It has expanded its operations internationally, serving clients across India and the CEMEA (Central Europe, Middle East, and Africa) region. Interest in PayMate India Limited share price has grown, particularly after its IPO filing.
Products & Services
PayMate offers a comprehensive range of services
-
B2B Payments Platform: Automation of payables and receivables across multiple payment modes.
-
Invoicing and Reconciliation: Streamlined workflows for real-time reconciliation.
-
Cash Flow Management: It provides Tools to optimize working capital and manage credit.
-
Tax Payments: It also provides Simplified tax compliance through digital solutions.
-
Credit Access: It also offers Data-driven credit via lending partners.
Board of Directors
The Board of Directors includes experienced professionals guiding the company’s strategic direction:
-
Ajay Adiseshan - Founder, Managing Director & Chairman
-
Vishvanathan Subramanian (Ravi) - CFO & Director
IPO Details
PayMate India Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI in May 2022 to float its Initial Public Offering (IPO). The IPO aims to raise funds for business expansion, debt repayment, and general corporate purposes.
Subsidiaries
PayMate operates through the following subsidiaries:
-
PayMate Payments Services Provider LLC (PayMate LLC)
-
PayMate India SPC
About Paymate India Limited
IPO Details, Price movement
Performance Highlights 2023-2024
-
Revenue from Operations increased from ₹1208 crore in FY22 to ₹1350 crore in FY23.
-
There was Loss of ₹57.7 crore in FY22 and became ₹55.7 crore in FY23.
-
Net cash used in Operating Activities was INR 64.1 crore in FY22 and became INR 13.5 crore in FY23.
-
Cash flow from Investing Activities was INR 0.59 crore in FY22, whereas it became INR 0.20 crore in FY23.
-
Cash flow from Financing Activities was INR 62 crore in FY22, whereas it became INR 12.4 crore in FY23.
Fundamentals
Financials
All values are INR Cr except per share value
| P&L Statement | 2022 | 2023 |
|---|---|---|
| Revenue | 1208.89 | 1350.11 |
| Other Income | 0.33 | 1.48 |
| COGS | 1207.47 | 1338.96 |
| Gross Profit | 1.75 | 12.63 |
| Total Expense | 56.93 | 65.64 |
| EBIDTA | -55.18 | -53.01 |
| D&A | 2.26 | 2.20 |
| EBIT | -57.44 | -55.21 |
| Interest Expense | 0.28 | 0.51 |
| PBT | -57.72 | -55.72 |
| PAT | -57.52 | -55.72 |
| Diluted EPS | -10.65 | -9.69 |
| Basic EPS | -10.65 | -9.69 |
| Total income | 1,209.22 | 1,351.59 |
ASSETS
| CURRENT ASSETS | 2022 | 2023 |
|---|---|---|
| Cash and Cash Equivalents | 1.58 | 0.73 |
| Trade Payables | 5.74 | 0.51 |
| Other Current Assets | 47.58 | 55.24 |
| Total Current Assets | 54.90 | 56.48 |
| NON CURRENT ASSETS | 2022 | 2023 |
|---|---|---|
| Plant Property and Equipment | 0.57 | 0.63 |
| Other Non Current Assets | 4.84 | 2.95 |
| Total Non Current Assets | 5.41 | 3.58 |
| Total Assets | 60.31 | 60.06 |
|---|
| CURRENT LIABILITES | 2022 | 2023 |
|---|---|---|
| TRADW Payable | 0.35 | 19.80 |
| Other Current Liab | 11.28 | 20.70 |
| NON CURRENTLIABILITIES | 2022 | 2023 |
|---|---|---|
| Other Non Current Liab | 2.32 | 2.29 |
LIABILITIES
| EQUITY | 2022 | 2023 |
|---|---|---|
| Share Capital | 5.74 | 5.77 |
| Other Equity | 40.62 | 11.50 |
| Total Equity | 46.36 | 17.27 |
| Total Liabilities & Equity | 46.36 | 17.27 |
|---|
| CASH FLOW STAT | 2022 | 2023 | ||
|---|---|---|---|---|
| Cash Flow from operating | - | - | -64.10 | -13.50 |
| Cash Flow from financing | - | - | 62.08 | 12.45 |
| Cash Flow from investing | - | - | 0.20 | 0.59 |
| Net cash flow | 0.00 | 0.00 | -1.82 | -0.46 |
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Frequently Asked Questions
Like any other financial product or commodity, the price of unlisted shares is discovered at the intersection of demand from buyers and supply from sellers of particular unlisted shares.
The two determinants of price are dynamic factors and keep changing constantly, hence share price tends to fluctuate constantly – every day, every minute.
Upon successful completion of a deal, the unlisted shares are credited electronically directly to your standard demat account that is usually created with CDSL or NSDL (Central Depository Services Limited or National Securities Depository Limited).
The lock-in period of Purple Style Labs Limited varies depending on the category of the investor:
-
Venture capital or foreign venture capital investors are subject to lock-in period of 6 months from the date of acquisition of shares
-
For AIF investors of Category-II are not subject to any lock-in.
-
Any other investor, including retail investors, HNI or corporate investors are subject to a lock-in period of 6 months from the date of listing.
Note – The above-mentioned lock-in is for mainboard, however for SME IPO the applicable lock-in period is 1 Year.
There is no regulatory minimum limit to invest in unlisted shares. However, minimum investment size varies with the per share price. Earlier, the typical investment size often ranges between 70K – 100K, but with the growing awareness and increased participation the investment size has been down sized to 50k.
Short-Term Capital Gain tax is applicable when you sell your unlisted shares within a year from date of acquisition. Realized gain is taxable at your slab rate after consolidating in total income for the year. Hence, the rate of tax depends on your overall income for the particular financial year.
Long-Term Capital Gain taxes are applicable when you sell your unlisted shares after two years from the date of acquisition. LTCG tax is calculated on profits realized on sale of unlisted shares at 12.5%. Investors particularly retail or HNI must understand the concept clearly as it impacts strategy and tax planning.
-
You can download the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
-
Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
-
You would also get email confirmation of credit of shares via email
-
The value of share in unlisted space is determined in the same way as it is done in the listed market. Demand and supply decide the price of any share. If the demand is more than the supply, then the price of the share increases and vice versa.
-
When a new share is introduced in the unlisted space, the value of the company is decided upon the last funding raised by the company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
Yes, investing in unlisted shares is legal in India, the activity is regulated and governed under the rules and guidelines laid by SEBI (Securities and Exchange Board of India). Related parties must comply with the regulations and guidelines to ensure legal and financial standards.
Investing in unlisted shares in India carries a significant and distinctive risk profile such as limited liquidity, lack of transparent pricing and regulatory oversight because unlisted shares do not trade on listed stock exchange, they are bought or sold in OTC (over the counter) market that makes vulnerable to following risks:
-
Liquidity risk, unlisted shares are difficult to buy and sell,
-
Lack of transparent pricing, as share price of pre-IPO or unl;isted company is often determined by narrative not fundamentals
-
Lack of information disclosure, unlisted companies are not mandated for disclosures like listed companies
-
Tax ambiguity, because determination of fair market value and cost of acquisition of unlisted shares is often disputed
Hence, investors should carefully examine related facts before investing in Pre-IPO or unlisted shares.