Fino Payments Bank Limited IPO, Gray Market Premium GMP Today

About the Company:-

Fino Payments Bank is a growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus It first became profitable in the fourth quarter of financial year 2020 and has been profitable in subsequent quarterly periods. In addition, in the financial years 2019, 2020 and 2021, its platform facilitated approximately 154.02 million, 318.56 million and 434.96 million transactions respectively.

Fino Payments Bank Limited.

Fino payment bank is provide all service with rural area coverage, fino business model is distribution line and available all inda, fino is first payment bank this is provide service is urban and rural area and best service provide and continuously rise in this sector, fino provide technology based service, ie aadhar based payment, micro atms, atms, fino is provide debit card for payment, digital saving & current account account service provider, fino payment related many type of service provide, IPO to list on NSE and BSE.

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29 Oct 21	–

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FINO BUSINESS

They currently have approximately 17,430 active BCs across India. Additionally, they operate 54 branches and 130 Customer Service Points as of June 30, 2021.

How to Open Demat Account, Demat Account

Fino Payments Bank Limited Company Promoters:-

Fino PayTech Limited is the company promoters.

Fino IPO Details:-

IPO Opening Date	29 October 2021
IPO Closing Date	02 November 2021
Application Timings	10am to 5pm
IPO Size	1.200.29 Cr.
Fresh Issue	300 Cr.
Offer for Sale	15,602,999 Eq Shares (900.29 Cr)
Issue Type	Book Built Issue IPO
Face Value	Rs 10
Price Band	Rs 560 to Rs 577 per equity share
Listing At.	NSE & BSE
Minimum Quantity	25 Share
Minimum Investment (Cut-off Price)	Rs 14,425 for 1 Lot
Maximum Investment (Cut-off Price) Individual	Rs 187,525 for 13 Lots
Retail Quota	10%
QIB Quota	75%
NII Quota	15%
Discount	–

Fino IPO Market Lot Size:-

Fino IPO minimum market lot is 25 shares with Rs 14,425 application amount (Cut-off). The retail investors can apply up-to 13 lots, 325 shares with Rs 187,525 application amount (Cut-off).

Fino Payments Bank IPO Date, Time Table, Allotment, Refund & Listing:-

The Fino IPO open date is Oct 29, 2021, and the close date is Nov 2, 2021. The issue may list on Nov 12, 2021.

IPO Open Date	Oct 29, 2021
IPO Close Date	Nov 2, 2021
Application Timings	10am to 5pm
Basis of Allotment Date	Nov 9, 2021
Initiation of Refunds	Nov 10, 2021
Credit of Shares to Demat Account	Nov 11, 2021
IPO Listing Date	Nov 12, 2021

Objects of the Issue:-

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

Competitive Strengths:-

• Unique DTP (Distribution, Technology, Partnership) network helps in better customer servicing.
• They currently have approximately 17,430 active BCs across India.
• they operate 54 branches and 130 Customer Service Points as of June 30, 2021.

Company Financials:-

Particulars For the year/period ended (Amount in Crores)

	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	1.010 Cr	624 Cr	684 Cr
Total Revenue	791Cr	691 Cr	371 Cr
Profit After Tax	20.47 Cr	(32.03) Cr	(62.38) Cr

Fino IPO Promoter Holding:-

Pre Issue Share Holding 100%

Post Issue Share Holding 75%

Fino Registrar:-

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: finopayments.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Fino IPO Prospectus:-

Click Here DRHP Draft Prospectus

Click here RHP Doc Fino

What is Fino Payments Bank IPO?

Fino Payments Bank IPO 1.200.29 Cr.

How to apply in Fino Payments Bank IPO through Zerodha?

Login zerodha/kite app with your user id and password and go to user section and choose IPO option and select FINO IPO click Bid and fill your UPI id and quantity tick cut-off price and tick the term condition and rule regulations and click submit and pay the amount, open your upi app and click pay option and enter your upi payment pin then click pay, if enter your upi pin IPO amount debit/hold on your bank account, Maintain the balance on bank account.

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/

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