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IPO Status: Listed [29th Oct 2021 to 2nd Nov 2021]
Fino Payments Bank IPO worth issue size of Rs 1200.29 Cr comprising a fresh issue of Rs. 300 Cr and offer for sale of Rs. 900.29 Cr coming soon.The IPO opens for subscription from 29 Oct to 2 Nov 2021. The price band is fixed at Rs. 560-577, the floor price is 56 times and the cap price is 57.7 times the face value of Rs. 10. IPO lot size (minimum order quantity) is 25 shares and multiples of it. Stay updated to get a complete update about the Fino Payments Bank IPO including financials, issue size, strengths, weaknesses, GMP, live subscription, allotment, and recommendations.
| IPO Issue Opening Date: | 29th Oct 2021 |
| IPO Issue Closing Date: | 2nd Nov 2021 |
| IPO Issue Price: | ₹560-577 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 18.55 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹1200.29 Cr |
| Offer for Sale: | ₹900.29 Cr |
| Fresh Issue: | ₹300 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | NA |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 75% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543386 |
| NSE Code: | FINOPB |
Get important updates regarding Fino Payments Bank IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 9th Nov 2021 |
| Refunds Initiation* | 10th Nov 2021 |
| Credit of Shares to Demat* | 11th Nov 2021 |
| IPO Listing Date* | 12th Nov 2021 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹560-577 |
| Market Lot: | 25 Shares |
| 1 Lot Amount: | ₹14425 |
| Min Small HNI Lots(2-10 Lakh): | 350 shares(14 lots) |
| Min Big HNI Lots(10+ Lakh): |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Fino Payment Bank is a growing Fintech company offering a diversified range of financial products and services. As of March 31, 2021, the company has significantly expanded its operational presence across 94% of districts. The business mainly generates commission-based income and fees from the merchant network.
Its product portfolio includes current and saving accounts (CASA), debit card, domestic remittances, open banking functionality, cash deposit and withdrawal, and cash management services. It is also the only payment bank to offer a subscription-based saving accounts in India.
| Incorporation | Sector | IPO Issue Size | Website |
| 2007 | Fintech | ₹1200.29 Cr | http://www.finobank.com/ |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 6,225,094 (54.3%) | 3,112,546 (27.15%) | 2,075,031 (18.1%) | 51,993 | 11,464,664 | |
| 1 | 29th Oct 2021 19:48 | 0.00x | 0.05x | 2.73x | 0.25x | 0.51x |
| 2 | 1st Nov 2021 17:02 | 0.00x | 0.10x | 4.65x | 0.56x | 0.87x |
| 3 | 2nd Nov 2021 17:02 | 1.64x | 0.21x | 5.92x | 0.93x | 2.03x |
| Fino Payments Bank Financials (In ₹Cr) | 30-Jun-2021 | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|---|
| Total Assets | ₹1,020.16 | ₹1,010.29 | ₹624.00 | ₹684.07 |
| Total Income | ₹206.24 | ₹791.03 | ₹691.40 | ₹371.12 |
| Net Profit/Loss | ₹3.13 | ₹20.47 | ₹(32.04) | ₹(62.38) |
Last Updated on 13-Nov-2021 09:18:39
Date : 29-Oct to 2-Nov, 2021
FV : ?10
Price : ?560 - ?577
Market Lot : 25 Shares
App Amt : ?14,425
Size : ?1200.29 Cr
Retail : 10%
Retail Form : 83,001
EMP : 3 Cr
QIB : 75%
NII : 15%
Listing At : BSE, NSE
Registrar : KFinTech
Allotment : 10-Nov-2021
Listing : 12-Nov-2021
GMP: Not yet started