Fino Payments Bank IPO date is finalized and the Fino Payments Bank IPO to hit the market on October 29, 2021. Fino Payments Bank to raise around ₹1200 crore via IPO. The IPO comprises fresh issue of ₹300 crore and offer for sale of 15,602,999 equity shares of ₹10 each. The retail quota is 10% with QIB 75% and HNI 15%.
Fino Payments Bank incorporated in 2017 and one of the growing FinTech companies in India. They are offering digital financial products and services to PAN-India distribution networks in India. They are having 94% of India’s district with over 6L banking outlets, 50+ branches and over 140 customer service outlets across India. They offer Savings Account, Current Account, BPay, Loans, Insurance services to their customers. The company became profitable in 2021 while making losses in last few years. As per the CRISIL the company has one of the largest network of Micro-ATMs. Check out Fino Payments Bank IPO details.
Fino Payments Bank IPO Review
- May Apply
Brokerage Firm IPO Reviews
- Angel Broking: Neutral
- Arihant Capital: Avoid
- Ashika Research: Neutral
- Axis Capital: Neutral
- HDFC Securities: Neutral
- Hem Securities: Apply
- ICICI Securities: Neutral
- Marwadi Shares and Finance: Apply
- Nirmal Bang: Apply
- Reliance Securities: Neutral
- Ventura Securities Limited: Apply
Fino Payments Bank IPO Date & Price Band
| IPO Open: | 29 October 2021 |
| IPO Close: | 02 November 2021 |
| IPO Size: | Approx ₹1200 Crore |
| Fresh Issue: | Approx ₹300 Crore |
| Offer for Sale: | Approx 15,602,999 Equity Shares ₹900 Crore |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹560 to ₹577 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| DRHP Draft Prospectus:: | Click Here |
| RHP Draft Prospectus:: | Click Here |
Fino Payments Bank IPO Market Lot
| Minimum Lot Size: | Minimum 25 Shares for 1 lot |
| Minimum Amount: | ₹14,425 for 1 lot |
| Maximum Lot Size: | Maximum 325 Shares for 13 lot |
| Maximum Amount: | ₹187,525 for 13 lot |
Fino Payments Bank IPO Date, Time Table, Allotment & Listing
| Price Band Announcement: | October 2021 |
| Anchor Investors Allotment: | 28 October 2021 |
| IPO Open Date: | 29 October 2021 |
| IPO Close Date: | 02 November 2021 |
| Basis of Allotment: | 09 November 2021 |
| Refunds: | 10 November 2021 |
| Credit to Demat Account: | 11 November 2021 |
| IPO Listing Date: | 12 November 2021 |
Fino Payments Bank IPO Form
How to apply the Fino Payments Bank IPO? You can apply Fino Payments Bank IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Fino Payments Bank IPO in the Invest section. The other option you can apply Fino Payments Bank IPO via IPO forms download via NSE and BSE. Check out the Fino Payments Bank forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
Fino Payments Bank Company Financial Report
| ₹ in Crores | |||||
| Assets | Revenue | Expense | PAT | ||
| 2019 | ₹684 | ₹371 | ₹434 | -₹62.38 | |
| 2020 | ₹624 | ₹691 | ₹723 | -₹32.04 | |
| 2021 | ₹1010 | ₹791 | ₹771 | ₹20.47 | |
Company Promoters
- Fino PayTech Limited
Fino Payments Bank IPO Registrar
KFin Technologies Private Limited
Selenium , Tower B Plot No – 31 and 32,
Financial District, Nanakramguda Serilingampally
Hyderabad 500 032 Rangareddi, Telangana
Tel: +91 40 6716 2222, +91 40 79611000
Email: [email protected]
Investor g rievance E-mail : [email protected]
Website : www.kfintech.com
Contact p erson : M Murali Krishna
SEBI r egistration no : INR000000221
Fino Payments Bank IPO Lead Managers
- Axis Capital Limited
- CLSA India Private Limited
- ICICI Securities Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
Company Address
Fino Payments Bank Limited
Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1,
8th Floor, TTC Industrial Area, MIDC Shirwane,
Juinagar, Navi Mumbai – 400 706
Phone: +91 22 7104 7000
Email: [email protected]
Website: https://www.finobank.com/
Fino Payments Bank IPO FAQs
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Note: The Fino Payments Bank IPO details is announced officially. The IPO grey market premium (Fino Payments Bank IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)
