Fino Payments Bank IPO Dates, Review, Price, IPO Allotment Details & Market Lot

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 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

Note: Check Fino Payments Bank IPO allotment status on KFitech website allotment URL. Click Here

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 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/

Read More

Nykaa IPO Dates, Review, Price, IPO Allotment Details & Market Lot

FSN E-Commerce Ventures Private Limited aka Nykaa IPO date fixed, the IPO to hit the market on October 28, 2021. Nykaa IPO to raise Rs.5352 crores via IPO that comprises fresh issue of Rs.630 crore and offer for sale up-to 41,972,660 equity shares of Rs.1 each. The retail quota is 10% with QIB 75% and HNI 15%.

Nykaa is one of the well-known e-commerce company in India founded by Falguni Nayar (former managing director at Kotak Mahindra Capital Company) in 2012. The company has their headquarter in Mumbai. They offers beauty, wellness, and fashion products via their own website and mobile apps. The are also selling the products via their offline stores that are around 76. The company is valued around $1.2 Billion in 2020 (as per Wikipedia). The product range includes Indian brands and International brands as well with over 2,000 brands and 2,00,000 products.

Important Details:

• Nykaa IPO Valuation: The company value around Rs.40000 crores, The IPO around 10% of the valuation at Rs.4000 crores.
  
• The company reported Rs.61.95 crores of profit in 2021 against Rs.12.43 crores of loss.
• Nykaa Fashion launched its first store in Delhi.
• Offline store formats are Nykaa Luxe, Nykaa On Trend and Nykaa beauty Kiosks.
• Nykaa House of Brands: Nykaa Naturals, Nykaa Cosmetics, Kay Beauty.
• Nykaa Fashion: Nykd by Nykaa, 20 Dresses, RSVP, Mondano, Likha,Pipa Bella.
• In 2015 launched their in-house beauty products via Nykaa Cosmetics.
• In 2019 acquired 20Dresses.com, a private women’s styling platform
• Celebrities Partnerships: Katrina Kaif, Tapsee Pannu
• Number of Retail Applications: 3,94,355 (Require for full subscription)
  

Nykaa launched their PRO (premium membership program) in 2020 to provide special access to their users to buy or get an offer of professional beauty products via NYKAA App. Check out Nykaa IPO details.

Nykaa IPO Review

• Subscribe for Long Term & Listing Gain

Nykaa IPO Date & Price Band

IPO Open:	28 October 2021
IPO Close:	01 November 2021
IPO Size:	Approx Rs.5352 Crores
Fresh Issue:	Approx Rs.630 Crores
Offer for Sale:	Approx 41,972,660 Equity Shares
Face Value:	Rs.1 Per Equity Share
Price Band:	Rs.1085 to Rs.1125 Per Share
Listing on:	BSE & NSE
Retail Quota:	10%
QIB Quota:	75%
NII Quota:	15%
Discount:	Rs.100 for Employees

Nykaa IPO Market Lot

The Nykaa IPO minimum market lot is 12 shares with Rs.13,500 application amount. The retail investors can apply up-to 14 lots, 168 shares with Rs.189,000 application amount.

Minimum Lot Size:	Minimum 12 Shares for 1 lot
Minimum Amount:	Rs.13,500 for 1 lot
Maximum Lot Size:	Maximum 168 Shares for 14 lot
Maximum Amount:	Rs.189,000 for 14 lot

Nykaa IPO Date, Time Table, Allotment & Listing

The Nykaa IPO date is 28 October 2021 and the IPO close date is 01 November 2021. The allotment date is 08 November 2021 and the IPO may list on 11 November 2021.

Price Band Announcement:	22 October 2021
Anchor Investors Allotment:	27 October 2021
IPO Open Date:	28 October 2021
IPO Close Date:	01 November 2021
Basis of Allotment:	08 November 2021
Refunds:	09 November 2021
Credit to Demat Account:	10 November 2021
IPO Listing Date:	11 November 2021

Nykaa Company Financial Report

Rs. in Crores
	Assets	Revenue	Expense	PAT
2019	Rs.776	Rs.1116	Rs.1148	-Rs.24.54
2020	Rs.1124	Rs.1778	Rs.1790	-Rs.16.34
2021	Rs.1302	Rs.2453	Rs.2377	Rs.61.95

Company Promoters

• Falguni Nayar
• Sanjay Nayar
• Falguni Nayar Family Trust
• Sanjay Nayar Family Trust

Nykaa IPO Registrar

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg
Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
E-mail: nykaa.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: nykaa.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058

Note: Check Nykaa IPO allotment status on Linkintime website allotment URL. Click Here

Nykaa IPO Lead Managers

• Kotak Mahindra Capital Company Limited
• Morgan Stanley India Company Private Limited
• BofA Securities India Limited
• Citigroup Global Markets India Private Limited
• ICICI Securities Limited
• JM Financial Limited
  

Company Address

FSN E-Commerce Ventures Private Limited
Registered Office: 104, Vasan Udyog Bhavan,
Sun Mill Compound, Tulsi Pipe Road,
Lower Parel, Mumbai 400 013, Maharashtra
Telephone: + (91) 22 6614 9616

Corporate Office: A2, 4th Floor,
Cnergy IT Park, Appasaheb Marathe Marg,
Opposite Tata Motors, Prabhadevi,
Mumbai 400 025, Maharashtra
Telephone: + (91) 22 3095 8700
Contact Person: Rajendra Punde
Head Legal, Company Secretary and Compliance Officer
E-mail: nykaacompanysecretary@nykaa.com
Website: www.nykaa.com

Read More

Bet on these 3 stocks for double-digit returns:

Can you name a few stocks that look attractive at current levels and can give double digit returns in a month or so? Can you explain technical reasons that can support your advice?

Axis Bank: The Nifty Bank index has been an outperformer since quite a few sessions. Axis Bank is on the verge of a multi-year breakout. The breakout will get confirmed above Rs 828 mark and once that is taken out we expect a fast upside momentum in the stock. Traders are advised to buy the stock above Rs 828 with a stop loss of Rs 790 for an upside target of Rs 910 in the coming three-five weeks.

IDFC First Bank: After the sharp fall from the top of Rs 69, IDFC First Bank took a U-Turn from the support of Rs 40 which was the placement of 200-week EMA. After that the stock has confirmed a falling trend line breakout above Rs 50 mark. The stock has a placement of 200 DEMA at Rs 52 and above that we expect sharp upside in the counter. Traders are advised to buy the stock near Rs 50 with a stop loss of Rs 45 for the upside potential target of Rs 60 in coming 3-5 weeks.

PC Jeweller: PC Jeweller has recently confirmed a range breakout above Rs 27 and then rallied towards Rs 31 mark. Due to the ongoing profit booking in the market; the stock has again retested the breakout zone. At this point in time; the risk reward looks lucrative to go long for a trader. Traders can buy the stock above Rs 29 with a stop loss of Rs 26 for an upside target of Rs 35 in coming 3-5 weeks.

What should investors do with Reliance Industries, Yes Bank and ICICI Bank on Monday?

With regards to Reliance Industries, the stock is showing some signs of exhaustion. Despite the result, we are of the opinion that one should wait for a dip towards Rs 2,500 to make it an attractive buy. Those holding the same should continue to hold.

Yes Bank is still in a no trading zone till the time it is below Rs 15. Once it crosses Rs 15 then we expect some sharp momentum in the stock. Fresh buying is advisable only above Rs 15 in Yes Bank.

ICICI Bank is still trading and trading at its life high. The momentum shall continue till the time stock is above Rs 735. Short term traders who are holding ICICI Bank should continue to hold with Rs 735 as a stop loss. For investors we feel that the stock is poised for much higher levels once the Nifty Bank index clears 41,000 mark.

Read More

Banking Stocks To Buy As Suggested By Motilal Oswal For Up To 30% Gains

Motilal Oswal has a buy call on 7 banking stocks in its latest India Strategy report. According to the report, among the banking stocks include private sector, public sector and small finance banks. "We estimate public sector banks to report improved operating performance, supported by modest business growth and a gradual reduction in provisions," the brokerage has said.

Equitas Holdings

Current market price- Rs 123

Target price - Rs 160

The brokerage sees a near 30% upside on the stock of Equitas Holdings and believes that net interest margins would remain stable at around 8%. The brokerage says that it remains watchful of asset quality in MSME book; focus to remain on CE and restructuring book, it has noted.

Federal Bank: Buy the stock for a price target of Rs 110

Current market price - Rs 84

Target price - Rs 110

Federal Bank is another stock where the brokerage sees a near 30% upside from the current levels. Motilal Oswal believes that the Business growth for Federal Bank would remain modest, while asset quality will remain a monitorable.

Indian Bank: Buy the stock with a price target of Rs 175

Current market price - Rs 140

Target price - Rs 175

The brokerage sees a near 25% upside on the stock of Indian Bank from the current levels. Motilal Oswal believes that the loan growth will witness an uptick and the margins for the bank would remain stable around 3.1%.

RBL Bank

Current market price - Rs 192

Target price - Rs 235

The brokerage sees an upside of nearly 23% on the stock of RBL Bank and has a buy call on the stock. Motilal Oswal Financial Services believes that asset quality of the bank will remain under pressure on exposure to MFI / Credit Cards. Among the monitorables according to the brokerage would be Growth in deposits and liquidity positioning.

Buy AU Small Finance Bank stock

Current market price - Rs 1226

Target price - Rs 1400

According to the brokerage margins for the bank are likely to witness an increase to 5.7%, while CoF and C/I ratio are other key monitorables. It also feels that business growth will witness a healthy pick-up.

Axis Bank: Buy the stock with a price target of Rs 925

Current market price - Rs 780 

Target price - Rs 925

According to Motilal Oswal, credit costs will remain elevated for Axis Bank, while slippage - a key monitorable to assess the impact on asset quality. The margins for the bank are expected to remain stable, while the brokerage expects business growth to pick-up.

Bank of Baroda

Current market price - Rs 84

Target price - Rs 100

The brokerage sees an upside of at least 19% on the stock of Bank of Baroda from the current market price of Rs 84. Elevated credit costs are likely to keep earnings under pressure, while slippages to our expected to be under pressure, feels Motilal Oswal.

Read More