Fino Payments Bank Limited IPO Details
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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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 PayTech Limited is the company promoters.
| 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 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).
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 |
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 |
Pre Issue Share Holding 100%
Post Issue Share Holding 75%
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: finopayments.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Click Here DRHP Draft Prospectus
Click here RHP Doc Fino
Fino Payments Bank IPO 1.200.29 Cr.
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.
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/
Upstox Account Opening Process, Open a Demat Account Online
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