Paysimple Games Files Rs 3,150 Crore IPO, MTGx to Reduce Stake

Paysimple Games Ltd Files Draft Papers for Rs 3,150 Crore IPO

Paysimple Games Ltd, a global mobile entertainment company based in India, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise Rs 3,150 crore through an initial public offering (IPO). The issue will be entirely an offer for sale (OFS) by its existing promoter, MTGx Gaming Holding AB, which currently holds over 97 percent stake in the company.

The IPO will be managed by Axis Capital, JP Morgan, and Morgan Stanley as lead managers. This move is expected to be a significant milestone for Paysimple Games, which has been making waves in the casual mobile gaming space.

Paysimple Games: A Global Casual Mobile Gaming Leader

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Paysimple Games is a global mobile entertainment company focused on casual mobile gaming. As of FY2025, it is the largest Indian pure-play casual mobile games company by revenue and ranked first globally, as well as in 78 countries, in mobile word games by downloads in calendar year 2025. The company accounted for approximately 14 percent of the 731 million global word game downloads during the year, based on Sensor Tower data.

The company owns and operates a portfolio of 30 live casual mobile games across five key categories—search, crossword, anagram, other word games, and non-word puzzles—as of December 31, 2025. Its portfolio includes popular titles such as Word Search Explorer, which ranked first in word games across 68 countries by downloads in 2025 and recorded an average of 1.96 million daily active users (DAUs).

Key Statistics

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Overall, Paysimple Games reported around 4.99 million DAUs as of December 31, 2025, across regions including North America, Europe, and Asia, with cumulative downloads of 424.61 million between January 1, 2015, and December 31, 2025. The company had a presence in over 110 countries, based on downloads in calendar year 2025.

Technical Advantages

It operates a scalable casual gaming ecosystem through its in-house modular technology platform, 'Little Engine', which leverages data from its portfolio and user base to enhance game development and monetisation efficiency.

On the financial front, the company reported revenue of Rs 2,259.82 crore in FY25, up from Rs 1,876.86 crore in the previous year. However, net profit declined to Rs 359.03 crore from Rs 521.19 crore a year earlier. During the year, total app downloads stood at 15.02 crore, compared to 7.15 crore in the previous year, according to the draft red herring prospectus (DRHP).