Fino Payments Bank Limited IPO
Fino Payments Bank Limited IPO
IPO Date :
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Fino Payments Bank Limited's successfully completed its Initial Public Offering and commenced trading on 12-11-2021 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 29-10-2021 to 02-11-2021.
Share allotment was finalized on 09-11-2021, 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.
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.
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
- Unique DTP Network: Strong distribution, technology, and partnerships for better customer service.
- Technology Focus: Emphasis on in-house development and technical expertise.
- Customer-Centric Model: Innovative approach focused on customer needs.
- Experienced Management: Led by a highly skilled leadership team.
- Social Vision: Committed to inclusiveness and empowerment.
Fino Payments IPO Risk Factors
NA
Fino Payments IPO Lead Manager(s)
- Axis Capital Limited
- Clsa India Private Limited
- ICICI Securities Limited
- Nomura Financial Advisory And Securities (India) Private Limited
Fino Payments IPO Promoter(s)
- Fino PayTech Limited
Fino Payments IPO FAQs
Fino Payments Bank Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 20, 2025 7:33:03 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Fino Payments IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Fino Payments IPO FAQs
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The basis of allotment for Fino Payments Bank Limited IPO is available now.
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A category of eligible shareholders or other investors who have a reserved quota in the IPO.
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