Mid-Cap IT Stock Trading at ₹47 To Announce Bonus Shares Next Week

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  • Post last modified:29/01/2022

By Lithin Reddy

Published: Saturday, January 29, 2022,

Infibeam Avenues to announce bonus shares in their board which is held on January 31, along with the financial results and dividend. A bonus share is considered as a positive thing for a company. The company has delivered an exceptional profit growth of 54.20% in the last 3 years.

About the company

Infibeam Avenues is one of India’s leading financial technology companies with a deep understanding and capability in digital payment solutions and enterprise eCommerce marketplace software platforms. Infibeam is focused on providing cutting-edge digital fintech solutions along with high-speed compute and storage data center services to businesses and governments who want to do online transactions.

Infibeam is also among the leading non-bank payment solutions provider in the UAE offering payment solutions to over 3,000 merchants including many marquee businesses like Burj khalifa at the top, Emaar, Damac, Nakheel, and many more. Infibeam is the most profitable fintech company in terms of consolidated EBITDA and PAT margins in India, among non-bank unfunded private payment companies.

Infibeam partnered with leading players in India

  • HDFC Bank.
  • ICICI Bank.
  • Kotak Mahindra Bank.
  • RBL Bank.
  • Paytm.
  • Airtel payments bank.

Growth Opportunities

India, with its 1.4 billion population, jumped on the digital bandwagon and is steadily racing ahead. Most Indian families now have access to at least one mobile, and thus, the telecom and internet revolution paved the way for other technological revolutions such as fintech, e-commerce, digital banking, e-governance, and more.

The startup sector is booming overall, with 14 Indian startups becoming unicorns in the first six months of the calendar year 2021. India’s tech startups unicorn tally is 55, of which 12 are fintech startups. Indian Fintech startups raised about $3 billion during 2020-21 (April-March). Various research indicates that the opportunity in payment sectors in India will cross US$1 trillion in the next three to five years’ timeframe growing at 35%-40% CAGR, and P2M (person-to-merchant) size will reach $500 billion due to very strong tailwinds in India, increase in the penetration of e-commerce and growth from emerging industries like online groceries, ed-tech, med-tech, e-gaming, tech companies and many more that will join in the future, including the e-governance.

Opportunity in digital payments

The next 10 years could see several industries flourishing online, which is great for the payments gateway business. Digital Payments has touched the lives of many. The first boost to this segment came from the demonetization move by the Government in November 2018. From small businessmen and service providers to large-scale enterprises and the Govt. of India, everyone is trying to digitize all aspects of their business, and the exchange of money is a crucial component. India is still a highly cash-driven economy, and currently, only about 15-18% of payments are digital.