IPO

Fino Payments Bank Limited IPO

Mainboard

Bank - Private

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

₹ 14425 /25 Shares

Check Allotment

29 Oct, 2021

Open Date

02 Nov, 2021

Close Date

10 Nov, 2021

Allotment Date

12 Nov, 2021

Listing Date
Price Summary

Last Closing

261.10 (-54.75%)

52 Week High

345.00

52 Week Low

200.00

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹560-577 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price 1200 Crores Approx.
  • Listing at BSE, NSE
  • List Price 544.35(NSE)
  • Listing Date 2021-11-12
  • Lead Manager Axis Capital Limited, CLSA India Private Limited, ICICI Securities Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 10% (Number of Retail Applications : 83,000 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹560-577 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Oct 29, 2021 and ends on Nov 2, 2021. The allotment for IPO will be finalized on Nov 10, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 12, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, CLSA India Private Limited, ICICI Securities Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd.


The IPO sets its price band at 560-577 for each share. A single application for Fino Payments Bank Limited IPO must contain at least 25 shares.

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IPO Subscription Analysis And Details
Retail
5.92x
QIB
1.65x
NII
0.22x
Total
2.03x
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
Subscription on the basis of Applications
4.76
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
In Crs.
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 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.

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- Promoter(s)

Fino PayTech Limited

Pre Issue Share Holding : 100%

Post Issue Share Holding : 75%

IPO - Issue Objectives
1

Augmenting Bank’s Tier – 1 capital base to meet its future capital requirements.

2

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.