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.

 

Check out Fino Payments Bank Ltd IPO and GMP details.
Fino Payments Bank IPO

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

The Fino Payments Bank IPO open date is 29 Oct 2021, and the close date is 02 Nov 2021. The issue may list on 12 Nov 2021.
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:

The Fino Payments Bank IPO minimum market lot is 25 shares with ₹14,425 application amount. The retail investors can apply up to 13 lots with 325 shares or ₹187,52 amounts.
 
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
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Fino Payments Bank IPO Form:

How to apply the Fino Payments Bank IPO? You can apply for Fino Payments Bank Ltd 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 is you can apply to Fino Payments Bank IPO via IPO forms download via NSE and BSE. Check out the Fino Payments Bank LTD IPO forms – click NSE Forms & BSE Forms blank Fino Payments Bank IPO forms download, fill, and submit in your bank or with your broker.

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-logoFino 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!

Our Journey So Far - Fino Payments Bank

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 Company Promoters:

  • Fino PayTech Limited

Fino Payments Bank Ltd 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: 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/

 

Fino Payments Bank IPO FAQs

What is Fino Payments Bank IPO?

Fino Payments Bank IPO is a main-board IPO. They are going to raise ₹1200.29 Crores via IPO. The issue is priced at ₹560 to ₹57 per equity share. The IPO is to be listed on BSE & NSE.

 

When Fino Payments Bank IPO will open?

The Fino Payments Bank IPO is to open on 29 Oct 2021 for QIB, NII, and Retail Investors.

 

What is Fino Payments Bank IPO Investors Portion?

The investors’ portion for Fino Payments Bank IPO is QIB 75%NII 15%, and Retail 10%.

 

How to Apply the Fino Payments Bank IPO?

You can apply for Fino Payments Bank IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply the Fino Payments BankIPO through Zerodha?

Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Fino Payments Bank”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

 

What is Fino Payments Bank IPO Size?

Fino Payments Bank IPO size is ₹1200.29 crores (Approx).

What is Fino Payments Bank IPO Price Band?

Fino Payments Bank IPO Price Band is ₹560 to ₹577.

What is Fino Payments Bank IPO Minimum and Maximum Lot Size?

The minimum bid is 25 Shares with ₹14,425 amount while the maximum bid is 325 shares with ₹187,525.

What is Fino Payments Bank IPO Allotment Date?

Fino Payments Bank IPO allotment date is  09 Nov 2021.

What is Fino Payments Bank IPO Listing Date?

Fino Payments Bank IPO listing date is 12 Nov 2021. The IPO to list on BSE and NSE.

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