Findi Taps DAM, Ambit for TSI India IPO



Findi Limited (ASX: FND), a leading Australian digital payments and financial services company, has officially appointed two of India’s top financial institutions—DAM Capital Advisors Limited and Ambit Private Limited—to spearhead the IPO of its wholly owned Indian subsidiary, Transaction Solutions International (India) Pvt Ltd (TSI). Scheduled for the second half of 2026, the IPO will mark a pivotal step in Findi’s strategy to unlock shareholder value and strengthen its position in India’s rapidly evolving fintech sector.

DAM Capital, named as the Left Lead Banker, will take the lead on managing regulatory filings and execution of the IPO process. The firm's deep expertise in Indian capital markets, particularly with high-growth tech and financial services companies, makes it an ideal partner for this major listing. Ambit Private Limited, acting as Book Running Lead Manager alongside DAM, will provide strategic advisory and post-listing support to ensure the IPO’s long-term success.

The move comes at a time when India leads the world in IPO activity, bolstered by booming digital payments adoption, widespread use of UPI (Unified Payments Interface), and strong investor appetite. TSI is well-positioned within this environment, having rapidly scaled its services, including ATM deployments and digital payment solutions across India.

According to Findi Executive Chairman Nicholas Smedley, the IPO reflects the company's commitment to expanding its Indian footprint while delivering value to shareholders. The listing will allow TSI to sit among major Indian fintech players like Paytm, Mobikwik, and CMS Info Systems.

Findi’s strong market performance—currently trading at AUD 4.25 with a market cap of AUD 263 million—reflects investor confidence. The IPO is expected to enhance visibility, attract strategic capital, and unlock new growth avenues for the Indian business. With further expansion and acquisitions on the horizon, Findi’s entry into the Indian capital markets could be a major catalyst for its next phase of growth. 

 

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