Bidding period
Jan 19 - Jan 21, 2022
Allotment
Jan 27, 2022
Refund Initiation
Jan 28, 2022
Share Crediting
Jan 31, 2022
Listing
Feb 1, 2022
One of the largest integrated omni-channel payment solutions provider in India in terms of providing digital and cash-based solutions to banks and corporate clients, as of March 31, 2021 (Source: Ken Payments Report and Company DRHP).
Provide customised products and services comprising ATM and CRM outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets.
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Omni-Channel Integrated Payment and Cash Solutions Provider
Serve diverse industries such as banking, retail, petroleum, toll and transit, cash management and fintech in India and other select countries in Asia.
Customer Driven Portfolio with Strong Capabilities to Develop Customized Solutions In-house
The company believes they regularly interact with customers to understand their requirements and work closely to develop future roadmaps.
Dedicated In-house Infrastructure and Technological Capabilities
As of March'21, they were servicing approximately 420,000 customer touch points covering approximately 2,200 cities and towns through 34 branch offices, 474 vaults and spoke locations, and the work force comprised of 13,155 personnel.
Derive a significant portion of revenues from customers in the banking sector in India
Any adverse development in the growth of the number of ATMs or the usage of ATMs in India could have an adverse effect on the business, results of operations, cash flows and financial condition.
Industries in which they operate are highly regulated by the Reserve Bank of India and other government agencies
Implementation of new regulations or changes to existing laws and regulations regarding the services could have an adverse effect on business.
Net Worth Revenue from Operations Gross Debt Profit/Loss for the Year
An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.
A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO).
Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares.
If an investor wants to place bids for less than Rs.2 lacs, he needs to apply in the Retail segment. If an investor wants to bid for more than Rs.2 lacs, he needs to apply in the HNI segment.
Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.
When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.
An investor can apply in all Mainboard IPOs through ICICIdirect. However, if the investor wants to apply in SME IPOs, he/she can do it through the net banking portal of ICICI Bank.
ASBA stands for "Applications Supported by Blocked Accounts". At the time of bidding, investors’ account is blocked to the extent of the bid amount and debited only at the time of allotment. This facility is being offered by ICICIDirect in affiliation with ICICI Bank Limited.
In other payment options, the bid amount is debited when investors’ bid application is placed with the stock exchanges. Under the ASBA process, the amount will be debited from investors’ bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in investors’ bank account.
Application under this facility can be placed only for Book Built Public Issues.
An investor can place maximum of 3 bids in an issue.
The investor with Demat account in ICICIdirect can apply in an IPO by logging in to his ICICIdirect Account. The investor needs to select IPO and then the name of the IPO in which he would like to apply. Given below is the path:
Login to ICICIdirect account >> IPO >> Name of IPO
Investor can apply in the retail section of an IPO through iDirect Portal even if he has a 2-in-1 account (Demat, Trading Accounts) with us and Bank account with third party.
Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised.
However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment
No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected.
If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.
In cases where issue is over-subscribed, bidding for more than 1 lot from the same account doesn’t help as maximum of only 1 lot can be provided against each application. However, if the investor applies for 1 lot from different accounts, the probability of allocation of shares increases.
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