Fino Payments Bank Limited IPO

Mainboard

Bank - Private

Listed On: Nov 12, 2021 at ₹ 544.35(NSE)

₹ 14425 /25 Shares

Check Allotment

Price Summary

Last Closing

402.65 (-30.22%)

52 Week High

467.00

52 Week Low

249.40

Last Update

20-Sep-2024 3:30 PM

IPO Details

29 Oct, 2021

Open Date

02 Nov, 2021

Close Date

10 Nov, 2021

Allotment Date

12 Nov, 2021

Listing Date

Issue Price

₹560-577 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

544.35(NSE)

Listing Date

2021-11-12

Market Lot

25 Shares (₹14,425/-)

Lead Manager

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

Issue Size

1200 Crores Approx.

Retail Portion

10% (Number of Retail Applications : 83,000 Approx)

Subscription

2.03 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	62,25,094	731,12,546	20,75,031	114,64,664
Day 1 - 29-10-21 05:00 PM	0.00 x	0.05	2.73 x	0.51 x
Day 2 - 01-11-21 04:30 PM	0.00 x	0.07	4.33 x	0.81 x
Day 3 - 02-11-21 05:00 PM	1.65 x	0.22	5.92 x	2.03 x

Total No. of Applications: 395374 (Approx)

Retail Subscription on the basis of Applications: 4.76 times

Valuations

Earnings Per Share (EPS)

₹2.46/-

P/E Ratio

234.52

RoNW

14.6%

Net Asset Value (NAV) - As on 30.06.21

₹19.70

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19
Assets	1,010.29	624.00	684.07
Revenue	791.02	691.39	371.12
Profit After Tax	20.47	(32.03)	(62.38)

About The Company

Fino Payments is a growing fintech company offering a wide portfolio of digital financial products and services in India. The company has a pan-India distribution network and its' major products and services include:
• Current accounts and Savings accounts (CASA),
• Issuance of debit card and related transactions,
• Facilitating domestic remittances,
• Open banking functionality (through their Application Programming Interface),
• Withdrawing and depositing cash (via micro-ATM or Aadhaar Enabled Payment System (AePS) and
• Cash Management Services (CMS).

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.

- Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 75%

Company Promoter(s)

Fino PayTech Limited

IPO - Issue Objectives

Augmenting Bank’s Tier – 1 capital base to meet its future capital requirements.
To meet the expenses in relation to the offer.

IPO - Anchor Investors

Fino Payments Bank mobilises Rs 538.78 crore from 29 anchor investors ahead of IPO

Marquee investors that picked stake in the company through anchor book included Pinebridge Global Funds, HSBC, Invesco Trustee, ITPL Invesco, Matthews Asia Small Companies Fund, Fidelity Funds, Societe Generale, and Segantii India Mauritius.

Among other investors, BNP Paribas, Tata MF, SBI Life Insurance, Motilal Oswal MF, and Aditya Birla Sun Life Trustee also invested in the fintech company, via anchor book on Thursday.

IPO - FAQs

Ans. Fino Payments Bank Limited IPO is a Mainboard IPO. The issue is priced at ₹560-577 per equity share. The minimum order quantity is 25 Shares. The IPO opens on Oct 29, 2021, and closes on Nov 2, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Fino Payments Bank Limited IPO opens on Oct 29, 2021 and closes on Nov 2, 2021.

Ans. The size of Fino Payments Bank Limited IPO is 1200 Crores Approx..

Ans. The IPO price band is set between ₹560-577 per equity share.

Ans. To apply for Fino Payments Bank Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Fino Payments Bank Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Fino Payments Bank Limited IPO is Nov 10, 2021.

Ans. The Fino Payments Bank Limited IPO will be listed on Nov 12, 2021.

Ans. Follow the steps to check the allotment status for Fino Payments Bank Limited IPO here.