Fino Payments Bank IPO subscription to start from October 29, Friday. The retail portion of this IPO is 10%, QIB is 75% and HNI is 15% quota. The IPO subscription will close on November 02, 2021, Tuesday. The company to raise ₹1200 crores via IPO at a price band of ₹560 to ₹577. The minimum bid for the IPO is 25 shares that cost ₹14,425 for l lot. The grey market is still silent and no trades.
The Mumbai based Fino Payments Bank provide digital financial products and services. The services they offer to their customers are Savings Account, Current Account, BPay, Loans, Insurance services to their customers. The company reported ₹2453 crores of revenues in 2021 against ₹1778 crores in 2020. The PAT was stood at ₹61.95 crores in 2021 compared to loss of ₹16.34 crores in 2020. Please check the Fino Payments Bank IPO details over here.
IPOWatch View
We recommend investors to apply the IPO with caution. Investors should look at the QIB and HNI numbers as well as Fino Payments Bank grey market premium movement before investing. Check the Fino Payments Bank IPO allotment status here.
Fino Payments Bank IPO Subscription Status (Final Data)
(Over Subscribed)
The Fino Payments Bank IPO subscribed 2.03x on day 3. The subscription comprises Qualified Institutional Buyer (QIB) 1.65x, Non-institutional Bidders (NII) 0.21x and Retail (RII) 5.92x.
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00x | 0.00x | 1.65x |
| NII | 0.05x | 0.10x | 0.21x |
| RII | 2.73x | 4.65x | 5.92x |
| EMP | 0.25x | 0.56x | 0.93x |
| Total | 0.51x | 0.87x | 2.03x |
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 Subscription FAQs:
When Fino Payments Bank IPO Subscription will start?
The IPO subscription starts on October 29, 2021 for QIB, NII, and Retail Investors.
How much Fino Payments Bank IPO subscribed?
The IPO subscribed 2.03x times on day 3.
What is Fino Payments Bank IPO Retail subscription status?
The RII subscription is 5.92x on day 3.
How to subscribe Fino Payments Bank IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How do i check live Fino Payments Bank IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.
