Friday, October 22, 2021

Fino Payments Bank IPO Date, Review, Price, Form & Market Lot Details

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 ₹1300 crore via IPO. The IPO comprises fresh issue of ₹300 crore and offer for sale of 15,602,999 equity shares of ₹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

    Fino Payments Bank IPO Review

    • To be updated soon

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    Fino Payments Bank IPO Date & Price Band (Tentative)

     IPO Open:  29 October 2021
     IPO Close:  02 November 2021
     IPO Size:  Approx ₹1300 Crore
     Fresh Issue:  Approx ₹300 Crore
     Offer for Sale:  Approx 15,602,999 Equity Shares
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹- to ₹- Per Share
     Listing on:  BSE & NSE
     Retail Quota:  10%
     QIB Quota:  75%
     NII Quota:  15%
     DRHP Draft Prospectus::  Click Here
     RHP Draft Prospectus::  Click Here

    Fino Payments Bank IPO Market Lot

    The Fino Payments Bank IPO minimum market lot is - shares with ₹- application amount. The retail investors can apply up-to - lots, - shares with ₹- application amount.
     Minimum Lot Size:  Minimum - Shares for 1 lot
     Minimum Amount:  ₹- for 1 lot
     Maximum Lot Size:  Maximum - Shares for - lot
     Maximum Amount:  ₹- for - 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 IPO Form

    How to apply the Fino Payments Bank IPO? You can apply Fino Payments Bank IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Fino Payments Bank IPO in the Invest section. The other option you can apply Fino Payments Bank IPO via IPO forms download via NSE and BSE. Check out the Fino Payments Bank forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.


    Fino Payments Bank Company Financial Report

      ₹ in Crores

    Assets Revenue Expense PAT
    2019 ₹684 ₹371 ₹434 -₹62.38
    2020 ₹624 ₹691 ₹723 -₹32.04
    2021 ₹1010 ₹791 ₹771 ₹20.47
    https://www.finobank.com/images/about_us_20210730141551.jpg

    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/

      Fino Payments Bank IPO FAQs


      What is Fino Payments Bank IPO?

      Fino Payments Bank IPO is a main-board IPO. They are going to raise ₹1300 Crores via IPO. The issue is priced at ₹- to ₹- per equity share. The IPO to be listed on BSE & NSE.

      When Fino Payments Bank IPO will open?

      The IPO is to open on 29 October 2021 for QIB, NII, and Retail Investors.

      What is Fino Payments Bank IPO Investors Portion?

      The investors' portion for QIB 75%, NII 15%, and Retail 10%.

      How to Apply the Fino Payments Bank IPO?

      You can apply Fino Payments Bank IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

      How to Apply the Fino Payments Bank IPO through Zerodha?

      Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "Fino Payments Bank Finance". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

      How to Apply the Fino Payments Bank IPO through Upstox?

      Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name "Fino Payments Bank Finance". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve - mandate. Open Demat Account with Upstox.

      What is Fino Payments Bank IPO Size?

      Fino Payments Bank IPO size is ₹1300 crores. The IPO comprises ₹300 crore of fresh issue and offer for sale of 15,602,999 equity shares.

      What is Fino Payments Bank IPO Price Band?

      Fino Payments Bank IPO Price Band is ₹- to ₹- per equity share.

      What is Fino Payments Bank IPO Minimum and Maximum Lot Size?

      The minimum bid is - shares with ₹- amount while maximum bid is - shares with ₹-.

      What is Fino Payments Bank IPO Allotment Date?

      Fino Payments Bank IPO allotment date is 09 November 2021.

      What is Fino Payments Bank IPO Listing Date?

      Fino Payments Bank IPO listing date is 12 November 2021. The IPO to list on BSE and NSE.

      Note: The Fino Payments Bank IPO details is not announced officially. The IPO grey market premium (Fino Payments Bank IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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