Findi selects DAM Capital and Ambit as Lead Managers for IPO

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Stock Findi Ltd (FND.ASX)
Release Time 24 Jun 2025, 9:05 a.m.
Price Sensitive Yes
 Findi selects lead managers for Indian IPO
Key Points
  • Findi selects DAM Capital and Ambit as Book Running Lead Managers for IPO of Indian subsidiary TSI
  • IPO targeted for completion by end of calendar year 2026
  • Current indicated IPO valuation range for TSI is INR 4,000 - 5,112 Cr (A$727 - $926 million) pre money
Full Summary

Digital payments and financial services provider Findi Limited (ASX: FND) ('Findi' or 'the Company') is pleased to announce that it has selected DAM Capital Advisors Limited ('DAM Capital') and Ambit Private Limited ('Ambit') as Book Running Lead Managers for the initial public offering (IPO) of its Indian subsidiary, Transaction Solutions International (India) Pvt Limited ('TSI'). DAM Capital is a leading Indian investment bank with extensive experience in capital markets transactions, including IPOs for high-growth technology and financial services companies. The selection of DAM Capital and Ambit as Book Running Lead Managers is an important milestone in Findi's strategy to bring TSI to the public markets in India and unlock value for Findi shareholders. The current indicated IPO valuation range for TSI is INR 4,000 - 5,112 Cr (A$727 - $926 million) pre money. The IPO of TSI is currently targeted for completion by the end of calendar year 2026, aligning with Findi's strategic roadmap to unlock shareholder value following the integration of recent acquisitions and the continued scaling of its payments and ATM businesses in India. Findi notes that the timing of the IPO may be accelerated, subject to market conditions and operational progress.