IPO · Financial Services

Paymate India files for fifteen hundred crore ipo

By Startup Enthusiast · 12 September 2026

What they do

Paymate India provides a business-to-business payment and supply chain finance platform for enterprises and their suppliers

The company filed for an initial public offering (IPO) comprising a fresh issue of ₹1125 crore and an offer for sale of ₹375 crore

Proceeds from the fresh issue will support geographic expansion, inorganic growth initiatives, and collateral requirements for financial partnerships

Paymate India has filed for an initial public offering (IPO) to raise up to ₹1500 crore.
The offering includes a fresh issue of shares worth up to ₹1125 crore.
Existing shareholders will sell stakes worth up to ₹375 crore through an offer for sale.
The company may conduct a pre-IPO placement of up to ₹225 crore, which would reduce the fresh issue size.
The IPO includes a reservation of shares for employees amounting to 5% of the post-offer equity capital.
The face value of each equity share is set at Re. 1.

The company plans to use the capital to expand into new geographies.
Funds are allocated for inorganic initiatives such as acquisitions or strategic partnerships.
A portion of the proceeds will be used to place cash as collateral with financial partners to support operations.

Paymate India operates a platform focused on B2B payments and supply chain finance.
The company is headquartered in Vikhroli West, Mumbai.
It serves enterprises by digitizing their payment processes and managing supplier relationships.
The platform facilitates transactions between large buyers and their network of vendors.
It provides financial solutions to improve liquidity and payment efficiency across supply chains.

The company will determine the price band and minimum bid lot at a later date.

Ajay Adiseshan (seller) — Promoter selling up to ₹134.73 crore worth of shares.
Lightbox Ventures I (seller) — Institutional investor selling up to ₹127.38 crore worth of shares.
Probir Kumar Roy (seller) — Individual shareholder selling up to ₹26.56 crore worth of shares.