Fino Payments Bank IPO Date, GMP, Review, Price, Form, Subscription & Market Lot Details
Fino Payments Bank IPO will hit the market on 29th October 2021 as per the RHP filled by the company. The company to raise ₹1200.29 crores (approx) via an initial public offer ( IPO ) that comprises fresh issue of ₹300 crore and offer for sale up-to 15,602,999 equity shares of ₹10.
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.
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Fino Payments Bank IPO Date & Price Band:
| IPO Opening Date | Oct 29, 2021 |
| IPO Closing Date | Nov 02, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹560 to ₹577 per equity share |
| Market Lot | 25 Shares |
| Min Order Quantity | 25 Shares |
| Listing At | BSE, NSE |
| Issue Size | Eq Shares of ₹10 (aggregating up to ₹1200.29 Cr) |
| Fresh Issue | Eq Shares of ₹10 (aggregating up to ₹300 Cr) |
| Offer for Sale | 15,602,999 Eq Shares of ₹10 (aggregating up to ₹900.29 Cr) |
Fino Payments Bank IPO Tentative Timetable
| IPO Open Date | Oct 29, 2021 |
| IPO Close Date | Nov 02, 2021 |
| Basis of Allotment Date | Nov 09, 2021 |
| Initiation of Refunds | Nov 10, 2021 |
| Credit of Shares to Demat Account | Nov 11, 2021 |
| IPO Listing Date | Nov 12, 2021 |
Fino Payments Bank IPO Market Lot:
| Minimum Lot Size: | Minimum 25 Shares |
| Minimum Amount: | ₹14,425 |
| Maximum Lot Size: | Maximum 325 Shares |
| Maximum Amount: | ₹187,525 |
Fino Payments Bank Company Financial:
| Particulars | For the year/period ended (₹ in Millions) | ||
|---|---|---|---|
| 30-March-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 10,102.91 | 6,240.01 | 6,840.72 |
| Total Revenue | 7,910.27 | 6,913.97 | 3,711.21 |
| Profit After Tax | 204.74 | (320.36) | (623.84) |
Fino Payments Bank Ltd IPO Reviews / Ratings
- Updates Soon
Brokerage Firm IPO Reviews for Fino Payments Bank Ltd IPO
- ICICI Securities: Adding Soon
- Motilal Oswal: Adding Soon
- Capital Market: Adding Soon
- Ventura Securities Limited: Adding Soon
- KR Choksey: Adding Soon
- AXIS Capital Ltd: Neutral
- Fino Payments Bank IPO GMP (Grey Market Premium)
- Fino Payments Bank IPO Subscription Status
- Fino Payments Bank IPO Allotment Status
Fino Payments Bank IPO Form:
Fino Payments Bank IPO Subscription Numbers (Day 1)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | x | x | x |
| NII | x | x | x |
| RII | x | x | x |
| EMP | x | x | x |
| OTH | x | x | x |
| Total | x | x | x |
About Fino Payments Bank
Fino Payments Bank is the Digital Banking Partner for millions of hardworking Indians. Hamesha.
We understand the consumer and their needs from a bank and it is our continuous endeavour to provide the consumer with an unmatched banking experience, through our simple products & services that can easily be accessed anytime, anywhere. Hamesha. We are present in 94% of India’s districts with over 6.41L banking outlets, 54 Bank Branches and 143 Customer Service Points.
Fino Payments Bank was incorporated on 4th April 2017 . Invested in by ICICI Bank, BPCL, Blackstone, IFC Fino Payments Bank has an enviable financial and distribution track record. This powerful network registers impressive growth numbers every year!
We operate an asset light business model where each Banking Outlet (merchant) serves the banking and financial needs of its community, which in turn forms the backbone of our assisted-digital ecosystem, referred to as our “phygital” delivery model (i.e., a combination of physical and digital).
The merchant’s use of technology and our use of analytics on the data that we track enhances the merchant’s ability to offer the right products to consumers, thereby increasing his status in the local market. He now has the stature of a ‘ banker’ . Hamesha
Through the “phygital” delivery model our merchants on-board customers and facilitate transactions, ensuring our network grows and our products and services are more accessible to a broader range of consumers throughout India, making us the truly Local National Bank. Hamesha
Fino Payments Bank Ltd IPO Objectives
The objects of the Offer are;
- Augmenting Bank’s Tier – 1 capital base to meet its future capital requirements.
- To meet the expenses in relation to the offer.
Fino Payments Bank IPO Prospectus
- Fino Payments Bank DRHP
- Fino Payments Bank RHP
Fino Payments Bank Company Promoters:
- Fino PayTech Limited
Fino Payments Bank Ltd IPO Registrar:
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: finopayments.ipo@kfintech.com
Investor g rievance E-mail : einward.ris@kfintech.com
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
Fino Payments Bank 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: basavraj.loni@finobank.com
Website: https://www.finobank.com/
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