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Fino Payments Bank Limited Logo

Fino Payments Bank Limited

Oct 29, 2021 – Nov 02, 2021
Listed Price:
₹544.35
(-5.66%)
Price Band₹560-₹577
Lot Size25 Shares
Allotment DateNov 09, 2021
Listing DateNov 12, 2021
Subscription-
Issue Size₹1200.29 Cr

IPO Details

Subscription

lot distribution

Lot Distribution

reservation

Reservation

company financials

Company Fin.

₹0
(0.00%)

Premium (ELP)

Fino Payments Bank Limited's successfully completed its Initial Public Offering and commenced trading on Nov 12, 2021 at the NSE, BSE exchange. The company raised 2,08,02,305 Shares through this public offering, comprising 51,99,306 Shares in fresh capital and ₹900.29 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹560 to ₹577, with minimum application lots of 25 shares. The offering attracted significant investor interest during its subscription period from Oct 29, 2021 to Nov 02, 2021.

Share allotment was finalized on Nov 09, 2021, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Fino Payments IPO Details
IPO Date
:
Oct 29, 2021 to Nov 02, 2021
Allotment Date
:
Nov 09, 2021
List Date
:
Nov 12, 2021
Lot Size
:
25 share
Issue Price
:
₹560-₹577
Issue Size
:
2,08,02,305 (aggregating up to 1200.29 Cr)
Fresh Issue
:
51,99,306 (aggregating up to 300.00 Cr)
Offer For Sale
:
1,56,02,999 (aggregating up to 900.29 Cr)
Listing At
:
NSE, BSE
Share Holding Pre-Issue
:
7,80,14,996
Share Holding Post-Issue
:
8,32,14,302
Market Marker Portion
:
-
First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Shares2,08,02,305
QIB
74.81%(1,55,62,735)
NII (HNI)
14.96%(31,12,546)
RETAIL
9.98%(20,75,031)
Employee
0.25%(51,993)
Total
100.00%(2,08,02,305)
Fino Payments IPO Key Performance Indicators
Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).
Company Financials (In Lakhs)
Fino Payments IPO About Company

Incorporated in 2017, Fino Payments is a growing fintech company in India offering a wide range of digital banking and financial services through a strong pan-India network. Its key offerings include savings and current accounts, debit cards, domestic money transfers, open banking APIs, cash deposits and withdrawals through micro-ATMs and AePS, and cash management services. The company also enables merchants to cross-sell products like gold loans, insurance, bill payments, and recharges, and manages a large business correspondent network for other banks. Fino Payments earns revenue through fees and commissions and focuses on serving people with limited access to traditional banking, and it has been recognized for its role in digital transactions, with strong growth in deposits and one of the largest micro-ATM networks in India.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Fino Payments IPO Strength Factors
  1. Unique DTP Network: Strong distribution, technology, and partnerships for better customer service.
  2. Technology Focus: Emphasis on in-house development and technical expertise.
  3. Customer-Centric Model: Innovative approach focused on customer needs.
  4. Experienced Management: Led by a highly skilled leadership team.
  5. Social Vision: Committed to inclusiveness and empowerment.
⚠️Fino Payments IPO Risk Factors

NA

🏦Fino Payments IPO Lead Manager(s)
Axis Capital LimitedClsa India Private LimitedICICI Securities LimitedNomura Financial Advisory And Securities (India) Private Limited
👤Fino Payments IPO Promoter(s)
  1. Fino PayTech Limited
🏢Fino Payments IPO Company Details

Fino Payments Bank Limited

Phone:+91 22 7104 7000
address:Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8th Floor, TTC Industrial Area, MIDC Shirwane, Juinagar, Navi Mumbai – 400 706
📋Fino Payments IPO Registrar

Kfin Technologies Limited

Name:Kfin Technologies Limited
Phone:04067162222
❓Fino Payments IPO FAQs
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