IPO: Paymate India submits preliminary documents to raise Rs 1,500 crore through IPO

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New Delhi | Main B2B funds and providers supplier Paymate India has submitted preliminary paperwork with the Securities and Alternate Board of India (SEBI) to lift Rs 1,500 crore by means of an preliminary public providing (IPO). As per the draft doc, Paymate India will concern contemporary fairness shares of as much as Rs 1,125 crore on this concern. Together with this, a suggestion of sale (OFS) of Rs 375 crore might be made by the promoters, traders and different shareholders.

Sellers embody promoters Ajay Adiseshan and Viswanathan Subramaniam, traders Lightbox Ventures Pratham, Mayfield FVCI Restricted, RSP India Fund LLC and IPO Wealth Holdings. Other than this, another present shareholders are additionally providing shares below this IPO. The promoter and promoter group maintain 66.70 per cent stake within the firm. Paymat India has additionally supplied to record the fairness shares on BSE and NSE.

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