Fino Payments Bank IPO GMP - Fino Payments Bank Grey Market Premium
Fino Payments, one of India's growing fintech companies, is launching its IPO on 29 October. Know everything about Fino Payments Bank IPO - Fino Payments Bank IPO GMP (Fino Payments Bank Grey Market Premium), Fino Payments Bank IPO Date, IPO Review, All important dates, Benifits and Risk. We will also discus about company's financials. Also, all the information related to Fino Payments Bank IPO like price band, all dates, issue size and retail portion ,etc. Everytihing about Fino Payments Bank IPO is given below.
Fino Payments Bank IPO
Fino Payments Bank is going to bring its IPO in the market on October 29. You can apply for Fino Payments Bank IPO from 29 October 2021 to 02 November 2021. Fino Payments Bank is looking to raise ₹1300 crore through an IPO with a fresh issue of ₹300 crores and an offer for sale of approximately 15,602,999 equity shares. The IPO of Fino Payments Bank will be listed on NSE and BSE.
The price band of Fino Payments Bank IPO is ₹- to ₹-. If we talk about quota for IPO, then retail quota is 10%, QIB 75%, and HNI 15%. The company recorded a profit of about 20 crores till March 2021, while in March 2020 the company had a loss of 32 crores. Read about Sigachi Industries IPO.
What is Fino Payments Bank IPO GMP today?
Fino Payments Bank IPO Date is November 2021.
What is the Fino Payments Bank IPO Price Band?
Fino Payments Bank IPO Price band is not officially announced.
What is Fino Payments Bank IPO Expected Return?
Fino Payments Bank IPO Expected Returns is -%.
About Fino Payments Bank
We will talk about the Fino Payments Bank. Fino Payments Bank was launched in 2017. And right now Fino Payments Bank is one of the growing FinTech companies in India. Fino Payments Bank's wide portfolio includes digital financial products and various financial services. The company's wide portfolio includes various financial products and services such as third-party gold loans, insurance, bill payments, and online recharges. Other services of the company include managing a large business correspondent network by other banks.
Fino Payments Bank provides services like Savings Account, Current Account, ATM, loans, Insurance, etc. to its customers. The Ministry of Electronics and Information Technology had ranked Fino Payments 3rd among all banks in 2020 for facilitating digital transactions in India.
Fino Payments Bank Limited has over 6 Lakh Banking Outlets, 50+ Branches in 94% Districts of India, and 140+ Customer Service Centers across India. The company's revenue is primarily dependent on fees and commissions from its merchant network and strategic commercial relationships. As per reports, the company has the largest network of micro-ATMs. The company has made itself profitable from losses in the last financial years, the company had a profit of about 24 crores in March 2021.
Official Website: Fino Payments Bank Limited
Purpose of the offer
- The company wants to increase its capital base to meet its future capital requirements.
- For the fulfillment of general corporate purposes.
Fino Payments Bank GMP Today (Grey Market Premium)
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 11 November | ₹ | ₹ | ₹ |
| 10 November | ₹- | ₹- | ₹- |
| 09 November | ₹- | ₹- | ₹- |
| 08 November | ₹- | ₹- | ₹- |
| 07 November | ₹- | ₹- | ₹- |
| 06 November | ₹- | ₹- | ₹- |
| 05 November | ₹- | ₹- | ₹- |
| 04 November | ₹- | ₹- | ₹- |
| 03 November | ₹- | ₹- | ₹- |
| 02 November | ₹- | ₹- | ₹- |
| 01 November | ₹- | ₹- | ₹- |
Fino Payments Bank IPO Date and Price Band Details
Fino Payments Bank IPO open date: 29 October 2021, Closing date: 02 November 2021, and Listing date: 12 November 2021. The price band of Fino Payments Bank IPO is ₹560 to ₹577 per share. Fino Payments Bank IPO issue size is Rs 1300 crores. Fino Payments Bank Ipo retails quota is 10%, QIB Portion is 75% and NII Portion 15%.
| IPO Open: | 29 October2021 |
| IPO Close: | 02 November 2021 |
| Listing Date: | 12 November 2021 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹1300 Cr. |
| Fresh Issue: | Approx ₹300 Cr. |
| Offer For Sale: | Approx 15,602,999 Eq. Shares |
| Price Band: | ₹560 to ₹577 per share |
| Face Value: | ₹10 / Equity share |
| PE: | -- |
| Issue type: | book Built |
| Retail Quota: | 10% |
Fino Payments Bank IPO Market Lot & Size
Fino Payments Bank IPO's minimum lot size is -25 shares with ₹14,425 application amount and the maximum lot size is 325 shares with ₹187,525 application amount.
Minimum Lot: 01 Minimum Lot Size: 25 Shares Minimum Amount: ₹14,425 Maximum Lot: 13 Maximum Lot Size: 325 Shares Maximum Amount: ₹187,525
Fino Payments Bank IPO Allotment & Listing Date
| Ipo Opening Date: | 29 October 2021 |
| IPO Closing Date: | 02 November 2021 |
| Basis of Allotment: | 09 November 2021 |
| Refund Date: | 10 November 2021 |
| Credit to Demat Account: | 11 November 2021 |
| Listing Date: | 12 November 2021 |
Fino Payments Bank IPO Review
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Strength
- In the future people will adopt online payment systems which will add a lot of users to the company.
- The company has an unparalleled distribution, technology, and partnership network that helps in delivering superior customer service.
- The company has converted itself from loss to profit.
- The company focuses on technology development and increasing internal technical expertise.
- The company has a highly experienced management team.
Risks
- There are many big players in the field of online payment like PhonePe, Google Pay, Paytm, etc., due to which the company is facing tough competition.
- The company has failed to differentiate itself from other competitors in online payments and other banking facilities.
- A big question is whether the company is successful in keeping itself profitable or not.
Fino Payments Bank Financials
Fino Payments Bank Financials (in INR Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹684 | ₹371 | -₹62 |
| 2020 | ₹624 | ₹691 | -₹32 |
| 2021 | ₹1010 | ₹791 | ₹20 |
Fino Payments Bank IPO Registers
KFin Technologies Pvt Ltd
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 grievance E-mail: einward.ris@kfintech.com
Website: www.kfintech.com
You Can Check Fino Payments Bank Ipo Allotment Status Via this Link: Click Here
Lead Managers
- ICICI Securities Limited
- Axis Capital Limited
- CLSA India Private Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
Company Contact and Address
Fino Payments Bank Ltd.
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
Conclusion
Since Fino Payments Bank is a fintech company, it is likely to grow in the future. Because in future there will also be an increase in online payment by people. Looking at the financial overview of the company, the company has brought itself from loss to profit.
You can go for a good listing and apply for a long-term, however, its listing may depend on the market sentiments whether the market is bullish or rainy. The sector in which the company works has many big companies including PhonePe, Google Pay, Paytm, etc. You should do more research about the company before applying. Which will help you make better decisions.
FAQs About Fino Payments Bank Ipo
What is the opening date of Fino Payments Bank IPO?
Fino Payments Bank IPO's opening date is 29 October 2021.
What is Fino Payments Bank IPO GMP Today?
Fino Payments Bank IPO GMP is ₹0 as of today.
What is the Fino Payments Bank IPO Closing date?
Fino Payments Bank IPO Closing date is 02 November 2021.
What is the Fino Payments Bank IPO allotment date?
Fino Payments Bank IPO allotment date is 11 November 2021.
What is the Fino Payments Bank IPO listing date?
Fino Payments Bank IPO listing date is October 2021.
What is the Fino Payments Bank IPO Price band?
Fino Payments Bank IPO price band is ₹- to ₹-.
What is Fino Payments Bank IPO Expected Returns after Listing?
Fino Payments Bank IPO Expected Returns is -% to -%.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Fino Payments Bank Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Fino Payments Bank Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
!Note:- Fino Payments Bank IPO official details are announced. Fino Payments bank IPO Grey Market Premium (GMP) is given above. You can visit our page for daily Fino Payments Bank IPO grey market premium and Other important updates.
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