Fino Payments Bank Limited IPO
Mainboard₹14,425 / 25 Shares
Fino Payments Bank Limited IPO Details
The Fino Payments Bank Limited IPO price band is set between ₹560-577 per equity share, with a face value of ₹10 per share. The issue is managed by KFintech Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 29 Oct, 2021 and closes on 2 Nov, 2021. Investors can check the allotment status on 10 Nov, 2021, while the listing date is tentatively scheduled for 12 Nov, 2021.
The total issue size is 1200 Crores Approx., aggregating up to . Stay tuned for the latest Fino Payments Bank Limited IPO review and GMP updates.
Fino Payments Bank Limited IPO Review, Rating & Analysis
Fino Payments Bank Limited IPO Review
NO REVIEWFino Payments Bank Limited IPO Rating
Fino Payments Bank Limited IPO Highlights
IPO Date
Oct 29, 2021 - Nov 2, 2021
Listing Date
12 Nov, 2021
Face Value
₹10 Per Equity Share
Price Band
₹560-577 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Fino Payments Bank Limited IPO Lot Size
The minimum market lot for Fino Payments Bank Limited IPO is 25 shares with an application amount of ₹14,425. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,425 |
| Retail (Max) | 13 | 325 | ₹1,87,525 |
| S-HNI (Min) | 14 | 350 | ₹2,01,950 |
| S-HNI (Max) | 69 | 1725 | ₹9,95,325 |
| B-HNI (Min) | 70 | 1750 | ₹10,09,750 |
Fino Payments Bank Limited IPO Timeline
Issue Price
₹560-577 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
KFintech Private LimitedLead Manager
Axis Capital Limited, CLSA India Private Limited, ICICI Securities Limited, Nomura Financial Advisory And Securities (India) Pvt LtdIssue Size
1200 Crores Approx.Fino Payments Bank Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 1010.29 | 791.02 | 20.47 | - | - | - |
| 31 Mar 20 | 624.00 | 691.39 | (32.03) | - | - | - |
| 31 Mar 19 | 684.07 | 371.12 | (62.38) | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Fino PayTech Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 75% |
About Company
Fino Payments is a growing fintech company offering a wide portfolio of digital financial products and services in India. The company has a pan-India distribution network and its' major products and services include:
• Current accounts and Savings accounts (CASA),
• Issuance of debit card and related transactions,
• Facilitating domestic remittances,
• Open banking functionality (through their Application Programming Interface),
• Withdrawing and depositing cash (via micro-ATM or Aadhaar Enabled Payment System (AePS) and
• Cash Management Services (CMS).
The company's merchants facilitate them in cross-selling their other financial products and services such as third-party gold loans, insurance, bill payments and recharges. Fino Payments also manages a large BC (Business Correspondents) network on behalf of other banks.
Fino Payments Bank Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 62,25,094 | 731,12,546 | 20,75,031 | 114,64,664 |
Day 1 -29-10-21 05:00 PM | 0.00 x | 0.05 | 2.73 x | 0.51 x |
Day 2 -01-11-21 04:30 PM | 0.00 x | 0.07 | 4.33 x | 0.81 x |
Day 3 -02-11-21 05:00 PM | 1.65 x | 0.22 | 5.92 x | 2.03 x |
4.76 times
Frequently Asked Questions about Fino Payments Bank Limited IPO IPO
When will Fino Payments Bank Limited IPO open for subscription?
The Fino Payments Bank Limited IPO opens on 29 Oct, 2021 and closes on 2 Nov, 2021.
What is the investors portion for Fino Payments Bank Limited IPO?
The investors' portion for QIB is 1.65 x, NII is 0.22, and Retail is 5.92 x.
How to apply for Fino Payments Bank Limited IPO?
You can apply for Fino Payments Bank Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Fino Payments Bank Limited IPO?
The issue size of Fino Payments Bank Limited IPO is approx ₹1200 Crores Approx. crores.
What is the price band of Fino Payments Bank Limited IPO?
The price band for Fino Payments Bank Limited IPO is ₹560 to ₹577 per equity share.
What is the lot size of Fino Payments Bank Limited IPO?
The minimum bid (lot size) for Fino Payments Bank Limited IPO is N/A shares with an investment of approx ₹14,425 .
What is the allotment date of Fino Payments Bank Limited IPO?
The allotment date for Fino Payments Bank Limited IPO is 10 Nov, 2021.
What is the listing date of Fino Payments Bank Limited IPO?
The listing date for Fino Payments Bank Limited IPO is expected to be 12 Nov, 2021.
What is the GMP of Fino Payments Bank Limited IPO?
The latest Grey Market Premium (GMP) for Fino Payments Bank Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.