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PayU IPO Details
Issue Date
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Investment/lot
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Price Range
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Lot Size
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IPO Size
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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
PayU IPO Lot Size
| Application | Lots | Shares | Amount in INR |
|---|---|---|---|
Individual Investors (Retail) (Min) | TBA | TBA | TBA |
Individual Investors (Retail) (Max) | TBA | TBA | TBA |
S-HNI (Min) | TBA | TBA | TBA |
S-HNI (Max) | TBA | TBA | TBA |
B-HNI (Min) | TBA | TBA | 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
All Financial Information about PayU Financials (in ₹ crores)
| Year | Revenue from Operations | Total equity and liabilities | Return on Net Worth (in %) |
|---|---|---|---|
FY25 | 5563.00 | TBA | TBA |
FY24 | 4527.30 | TBA | TBA |
FY23 | TBA | TBA | TBA |
Comparison with peers
| Company Name | Revenue from Operations (in ₹ crores) | EPS in ₹ | Return on Net Worth (in %) | NAV Per Equity Share (in ₹) |
|---|---|---|---|---|
PayU | TBA | TBA | TBA | TBA |
Razorpay | TBA | TBA | TBA | TBA |
PhonePe | TBA | TBA | TBA | 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.
PayU Profit and Loss (in ₹ crores)
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Total Revenue | TBA | TBA | TBA |
Profit Before Tax | TBA | TBA | TBA |
Profit After Tax | TBA | TBA | TBA |
EBITDA | TBA | TBA | TBA |
EPS in ₹ | TBA | TBA | TBA |
PayU Balance Sheet (in ₹ crores)
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Profit Before Tax | TBA | TBA | TBA |
Net Cash from / (Used in) Operating Activities | TBA | TBA | TBA |
Net Cash from/(Used in) Investing Activities | TBA | TBA | TBA |
Net Cash from/(Used in) Financing Activities | TBA | TBA | TBA |
Cash and Cash Equivalents (Closing Balance) | TBA | TBA | TBA |
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.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
PayU IPO FAQs
What is the PayU IPO?
The exact details of PayU are yet to be announced. The company has postponed its IPO plans till 2026.
When is the IPO of PayU coming?
The PayU IPO dates are yet to be announced.
Who is the Global CEO of PayU?
Anirban Mukherjee is the global CEO of PayU.
What is the lot size of shares in the PayU IPO?
The lot size of shares of PayU IPO are yet to be announced.
From where can I read more about PayU and its IPO?
You can read more about PayU and its IPO from the company’s draft red herring prospectus here.