PayU IPO

About PayU IPO

PayU is planning to launch its IPO in 2026. The fintech company is raising $300 million to gauge investor interest. While there was much buzz about payment solutions provider PayU coming out with its IPO sometime in 2025, it has been postponed to 2026 due to the increase in the company’s losses. It must be noted that the company has been looking to get listed on exchanges since late 2023.

PayU IPO will open on TBA and close on TBA. The IPO will list on TBA. The allocation of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA.

PayU, owned by Prosus, is a payment solutions provider offering online and offline transactions through various payment options, including QR, UPI, BNPL and wallets, among others. In India, PayU serves more than 4,50,000 merchants with more than 100 payment methods. It is one of the preferred payment partners for e-commerce merchants and airline businesses.

Objectives of PayU IPO

TBA

Industry Outlook

India has evolved as a global leader in fast payments. At the heart of this transformation is the Unified Payments Interface, or UPI, launched by the National Payments Corporation of India. According to a PwC report, India's digital payments industry is witnessing a high surge, with transaction volumes growing by 42% year-on-year in FY 23-24. The report projects the industry to experience threefold growth, with transaction volumes rising from 159 billion in FY 23-24 to 481 billion by FY 28-29.

Company Information

PayU belongs to the payments and fintech business of Prosus, which is one of the largest technology investors in the world. Providing payment gateway solutions to online businesses through its cutting-edge technology, PayU serves more than 4,50,000 merchants in India. It has over 100 payment methods and is highly preferred by e-commerce companies and airline businesses.

Strengths of PayU

TBA

Risks of PayU

TBA

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Manager

• IPO Registrar: TBA
• Book Running Lead Manager: TBA

PayU Business Model

PayU primarily earns revenues from the payments gateway commission it charges merchants for processing digital payments. It also undertakes credit business and earns interest from loans disbursed. PayU ventured into the credit space through the launch of LazyPay in 2017.

PayU Growth Trajectory

The company's revenue from operations saw a jump of 22.8%, from ₹4527.30 crores in FY 24 to ₹5563 crores in FY 25. It managed to cut net losses by 42% to ₹248.1 crores in FY 25 from ₹429.5 crores in FY 24.

PayU Market Position

PayU is one of the leading payment solutions providers in India. Trusted by over 4.5 lakh merchants to power their growth, PayU offers more than 100 payment methods. It has recently received a fresh capital infusion of ₹302 crores from MIH Payments Holdings.

How to Check Allotment Status of PayU IPO?

1. Visit the Registrar’s Website

Visit the registrar’s website and click on the IPO allotment status link. Input your application number or DP ID or PAN and click on ‘Submit’ to know the IPO allotment status.

2. Check on the National Stock Exchange Website

The National Stock Exchange (NSE) website has an IPO bid verification module. You can use it to check the allotment status of PayU IPO. Go to the NSE website and find the ‘Invest’ tab. Click on ‘Verify IPO Bids’ under ‘Resources & Tools’.

On the NSE IPO bid verification page, enter:

• Company name from dropdown
• Application number
• PAN

Then click ‘Submit’ to know the allotment status.

3. Check on BSE Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the ‘Investors’ tab. Under ‘Investors’, click on ‘IPO’. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Select ‘Equity’ from the dropdown menu
  
• Choose ‘PayU’ in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search’ to know allotment status
  

How to Apply for the PayU IPO?

To apply for this IPO:

• Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.