I am pretty confident that from now to the IPO:
- TSI will sign up a couple of new contracts for installation of more ATMs with other banks in India, probably 2000 -3000 new ATMs.
- Acquistion of 1 or 2 other smaller players in this ATM market to bring additional ATMs under management.
- Bring in another investment partner for 10%-15% stake of TSI. Piranal Alternatives is the 1st one.
- That means TSI cash reserves will increase from $45mil after the deal with Piramal to around $80mil warchest with another cornerstone investor.
- Piramal Alternatives must have expectation that at IPO, TSI will be valued at at least $300mil+.
- EBITDA for 2024 will be at least $23mil as forcasted by management, which should be further confirmed in the next few days as the company releases Half Year report before 30th Nov.
- PIRAMAL ALTERNATIVES has its target of seeing TSI growing into $multi-billion value. They dont invest for short term 3 years or 5 years. Their target is beyond 10 years.
- Management will enhance the attractiveness of TSI to Indian investors with many initiatives before the IPO, especially with its FindiPay digital banking business.
Nice weekend everyone.
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Last
$3.82 |
Change
0.110(2.96%) |
Mkt cap ! $236.0M | |||
| Open | High | Low | Value | Volume |
| $3.71 | $3.82 | $3.62 | $596.3K | 160.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $3.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.84 | 3500 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| FND (ASX) Chart |