Findi Advances Indian IPO Strategy with DAM Capital and Ambit as Lead Managers

Findi Limited (ASX: FND), a leading Australian digital payments and financial services company, has appointed DAM Capital Advisors Limited and Ambit Private Limited to manage the initial public offering (IPO) of its Indian subsidiary, Transaction Solutions International (India) Pvt Ltd (TSI). Scheduled for the second half of 2026, this IPO marks a critical move in Findi’s roadmap to unlock shareholder value and elevate its profile in India’s fast-evolving fintech sector.

Under the appointment, DAM Capital will serve as the Left Lead Banker, overseeing the IPO’s structure, execution, and regulatory compliance. With extensive experience in managing capital market transactions in India, particularly in fintech and financial services, DAM brings vital expertise to support a smooth listing process. Ambit, known for its strong advisory background, will co-lead the effort, supporting IPO strategy and providing ongoing advisory services post-listing.

The IPO arrives at an opportune time. India has emerged as a global leader in digital payments, with UPI transactions surpassing 16 billion monthly and fintech innovation accelerating. TSI, which operates ATM and payment services across India, is well positioned to capitalise on this growth. The IPO will bring TSI alongside notable Indian fintech players such as Paytm, CMS Info Systems, and Mobikwik.

Executive Chairman Nicholas Smedley highlighted that the appointment of seasoned investment banks is not only a strategic milestone but also a sign of Findi’s commitment to long-term value creation in India. The Company also hinted that the IPO timeline could be advanced, depending on operational progress and market conditions.

As investor confidence builds and digital financial services continue to boom in India, Findi’s upcoming IPO could serve as a springboard for broader regional expansion and further innovation in inclusive banking and payments infrastructure.

 

 

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