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 Rs.1300 crore via IPO. The IPO comprises fresh issue of Rs.300 crore and offer for sale of 15,602,999 equity shares of Rs.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 Date & Price Band
| IPO Open: | 29 October 2021 |
| IPO Close: | 02 November 2021 |
| IPO Size: | Approx Rs.1200 Crore |
| Fresh Issue: | Approx Rs.300 Crore |
| Offer for Sale: | Approx 15,602,999 Equity Shares Rs.900 Crore |
| Face Value: | Rs.10 Per Equity Share |
| Price Band: | Rs.560 to Rs.577 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
Fino Payments Bank IPO Market Lot
The Fino Payments Bank IPO minimum market lot is 25 shares with Rs.14,425 application amount. The retail investors can apply up-to 13 lots, 325 shares with Rs.187,525 application amount.
| Minimum Lot Size: | Minimum 25 Shares for 1 lot |
| Minimum Amount: | Rs.14,425 for 1 lot |
| Maximum Lot Size: | Maximum 325 Shares for 13 lot |
| Maximum Amount: | Rs.187,525 for 13 lot |
Fino Payments Bank IPO Date, Time Table, Allotment & Listing
The Fino Payments Bank IPO date is 29 October 2021 and the IPO close date is 01 November 2021. The allotment date is 09 November 2021 and the IPO may list on 12 November 2021.
| 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 Company Financial Report
| Rs. in Crores | |||||
| Assets | Revenue | Expense | PAT | ||
| 2019 | Rs.684 | Rs.371 | Rs.434 | -Rs.62.38 | |
| 2020 | Rs.624 | Rs.691 | Rs.723 | -Rs.32.04 | |
| 2021 | Rs.1010 | Rs.791 | Rs.771 | Rs.20.47 | |
Company Promoters
- Fino PayTech Limited
Fino Payments Bank IPO Registrar
KFin Technologies Private LimitedSelenium , 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
Note: Check Fino Payments Bank IPO allotment status on KFitech website allotment URL. Click Here
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 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 LimitedMindspace 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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