Havenpay Fintech Limited
Financial Technology · Mainboard IPO
Last updated 2026-08-01 18:30 IST
Key details
- Price band
- Rs 458 – 482
- Face value
- Rs 1
- Lot size
- 31 shares
- Minimum investment
- Rs 14,942
- Issue size
- Rs 1,980 Cr
- Fresh issue
- Rs 900 Cr
- Offer for sale
- Rs 1,080 Cr
- Employee discount
- Rs 45 per share for eligible employees
- Retail quota
- 35% of the issue
- Registrar
- Link Intime India Private Limited
- Exchanges
- BSE, NSE
- Opening date
- 26 Aug 2026
- Closing date
- 28 Aug 2026
- Allotment date
- 31 Aug 2026
- Listing date
- 02 Sept 2026
Explain this IPO simply
The same information as the prospectus, written the way you would explain it to a friend.
What the company does
Havenpay Fintech provides payment collection software to small merchants and earns a fee on each transaction processed through its platform.
How it earns money
A small percentage of every payment processed, plus monthly software fees from larger merchants.
Why it is launching an IPO
Funds will be used for technology development, marketing, and general corporate purposes.
Where the IPO money will be used
Technology and product development (26%), Marketing and merchant acquisition (14%), General corporate purposes (5%), Offer for sale to selling shareholders (55%).
Major strengths
Rapid merchant growth, Minimal borrowings.
Major risks
Recent and limited profitability, Large offer for sale share, Regulatory changes in payments.
Clarity score: 64 / 100
What this score means
Financial performance
Revenue moved from Rs 620 Cr in FY2023 to Rs 1,410 Cr in FY2025. Profit after tax over the same period moved from Rs -84 Cr to Rs 62 Cr. These are past figures only and are not a forecast.
Potential strengths
Rapid merchant growth
Merchant count roughly doubled over the years disclosed.
Source: DRHP, Our Business, page 122
Minimal borrowings
The company reports very low debt.
Source: DRHP, Financial Indebtedness, page 248
Potential risks
Recent and limited profitability
The company reported losses in two of the three years disclosed.
Source: DRHP, Restated Financials, page 216
Large offer for sale share
More than half the issue goes to existing shareholders, not the company.
Source: DRHP, Objects of the Offer, page 94
Regulatory changes in payments
Fee structures in digital payments are subject to regulation.
Source: DRHP, Risk Factors, page 30
Use of IPO funds
Money marked as going to selling shareholders does not reach the company.
Valuation
- 96.4
- 9.2
- Earnings per share
- 5
- Return on net worth
- 6.4%
- Net asset value
- 52.4
Peer comparison
| Company | P/E | RoNW |
|---|---|---|
| Paylink Digital | 84.2 | 7.1% |
| Nexus Payments | Data unavailable | Data unavailable |
Peer data is incomplete
Subscription status
Subscription has not started
Live category-wise subscription figures appear here once the issue opens and the exchanges publish data.
Grey market premium
Unofficial and unregulated
- Current GMP
- Rs 18
- Previous GMP
- Rs 24
- Indicative level only
- Rs 500
Updated 2026-08-01 18:30 IST. Source: unofficial dealer chatter, not an exchange or regulator.
Important documents
IPO timeline
IPO opens
26 Aug 2026
First day you can apply.
IPO closes
28 Aug 2026
Last day to apply, usually by evening.
Allotment
31 Aug 2026
Who gets shares is decided.
Refund / unblock
01 Sept 2026
Blocked money is released if you did not get shares.
Shares in demat
01 Sept 2026
Allotted shares reach your demat account.
Listing day
02 Sept 2026
Shares start trading on the exchange.
Frequently asked questions
Where this information comes from
- Last updated
- 2026-08-01 18:30 IST
- Last verified
- 2026-07-29
- Primary source
- DRHP filed with SEBI
- Secondary source
- Data unavailable