Fino Payments Bank IPO Date, Review, Price, Form & Lot Size

Fino Payments Bank is established in 2017 by Fino PayTech Limited are the company promoters.

Fino Payments Bank IPO: Fino Payments is a rising fintech firm in India that offers a diverse array of digital financial goods and services. The company has a pan-India distribution network, and its major products and services include: Current accounts and Savings accounts (CASA), Debit card issuance and related transactions, Domestic remittance facilitation, Open banking functionality (via their Application Programming Interface), Withdrawing and depositing cash (via micro-ATM or Aadhaar Enabled Payment System (AePS) and Cash Management Services (CMS).

The Fino Payment bank is present in 94% of India’s districts with over 6.41L banking outlets, 54 Bank Branches and 143 Customer Service Points.

Read : Fino Payments Bank raises ₹539 crores from 29 Anchor Investors

Fino Payments Bank IPO Details
IPO Start Date 29 October 2021
IPO End Date 2 November 2021
Price Band 560 – 577 ₹
Offer For Sale 900.29 Crore
Fresh issue 300 crore
Total IPO size 1,200.29 Crore
Minimum bid (lot size) 25 Shares
Face Value 10 INR per share
Retail Allocation 10%
Listing On NSE, BSE
Fino Payments Bank IPO Market Lot
Lot No of Shares Amount
Minimum 1 25 14,425 Rs
Maximum 13 325 1,87,525 Rs

Financial Record of the last year (In Millions)

Financial Period : 31-Mar-21
Total Assets : 10,102.91
Total Revenue : 7,910.27
Profit After Tax : 204.74
Earnings Per Share (EPS) FY2021 : 2.62 Rs

About Fino Payments Bank IPO

The company’s merchants facilitate them in cross-selling their other financial products and services such as third-party gold loans, insurance, bill payments and recharges. Fino Payments also manages a large BC (Business Correspondents) network on behalf of other banks.

For revenue generation, the company relies on fees and commissions from their merchant network and strategic commercial relationships.

They 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’.

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.

Fino Payments Bank IPO GMP & Grey Market Premium

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Fino Payments Bank IPO Subscription Status

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Fino Payments Bank IPO Reviews

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Fino Payments Bank IPO Allotment Date & Details

Allotment Date 9 November 2021
Initiation of refunds 10 November 2021
Transfer of shares to Demat accounts 11 November 2021
Listing Date 12 November 2021
Check Allotment Status Click here

Registrar of Fino Payments Bank IPO

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Email: [email protected]
Phone: 04067162222, 04079611000

Fino Payments Bank Contact Details

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: [email protected]

Fino Payments Bank IPO Lead Managers

Axis Capital Limited
CLSA India Private Limited
ICICI Securities Limited
Nomura Financial Advisory And Securities (India) Pvt Ltd

FAQ Question

  • When is Fino Payments Bank IPO Listing Date?

Fino Payments Bank IPO listing date is 12 November 2021.

  • When Fino Payments Bank IPO allotment?

Fino Payments Bank IPO Allotment date is 9 November 2021.

  • What is Fino Payments Bank IPO GMP ( Grey market premium) ?

Check latest IPO GMP

  • What is the lot size of Fino Payments Bank IPO?

25 Shares Minimum.

  • How to apply in Fino Payments Bank IPO through Zerodha?

1) Log in to Console on the Zerodha website.
2) Navigate to Portfolio and choose the IPOs link.
3) Click the ‘Bid’ button in the ‘Fino Payments Bank IPO’ row.
4) Fill in your UPI ID, Quantity, and Price.
5) Fill out the IPO application form and click the “ Submit ” button.
6) To approve the mandate, go to the UPI App (net banking or BHIM).

  • How to check Fino Payments Bank IPO Allotment?

User can check Fino Payments Bank IPO Allotment on website.

  • How to check Fino Payments Bank IPO Subscription Status?

User can check Fino Payments Bank IPO Subscription Status on our website.

  • What is the Price band of Fino Payments Bank IPO?

560-577 Rs.

  • What is the Issue Size of Fino Payments Bank IPO?

1,200.29 Crore

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