Findi Defends Conservative Valuation Approach for TSI’s Planned Indian IPO

Findi ( (AU:FND) ) has shared an announcement.

Findi Limited has responded to a fresh set of queries from ASX Compliance regarding the valuation assumptions underpinning the planned Indian IPO of its subsidiary TSI, detailing how it selected peer companies and valuation multiples. The company explained that its Indian brokers and investment banks initially identified more than 400 listed financial services firms, then narrowed this to those with fintech and payments business models most analogous to TSI’s intended digital-focused direction, while excluding certain peers whose models were not fintech or whose trading multiples were deemed too high and potentially overly optimistic. In determining an appropriate EV/EBITDA range of 15x to 19x for TSI, Findi said it deliberately adopted a conservative stance, noting this guidance represents a substantial discount to the average multiples of its selected peer group, reinforcing to investors and regulators that its IPO valuation expectations are set below broader market fintech benchmarks.

The most recent analyst rating on (AU:FND) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.

More about Findi

Findi Limited (ASX: FND) operates in the financial services and financial technology sector, with its key Indian subsidiary Transaction Solutions International (TSI) running two main business segments: cash logistics and digital banking/fintech. While TSI has historically been more cash-focused, Findi’s strategic priority and growth plans centre on expanding and transitioning TSI into a digitally focused fintech and payments business, including through its BankIT acquisition and preparation for an Indian IPO.

Average Trading Volume: 298,436

Technical Sentiment Signal: Sell

Current Market Cap: A$72.31M

For a thorough assessment of FND stock, go to TipRanks’ Stock Analysis page.