Fino Payments Bank Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹560-₹577
- Lot size
- 25 shares
- Issue amount
- ₹1,200.29 cr
- Total subscription
- 0×
- Opens
- 29 Oct 2021
- Closes
- 2 Nov 2021
- Allotment
- 9 Nov 2021
- Listing
- 12 Nov 2021
Offer at a glance
Issue overview
- Issue size
- 2,08,02,305 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,000
- Fresh issue
- ₹300 cr
- Offer for sale
- ₹900.29 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,425
- Issue type
- Bookbuilding IPO
- Shares before issue
- 7,80,14,996
- Shares after issue
- 8,32,14,302
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 25 | ₹14,425 |
| sHNI | 14 | 350 | ₹2,01,950 |
| bHNI | 70 | 1,750 | ₹10,09,750 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Company information
Company profile
Incorporated in 2017, Fino Payments is a growing fintech company in India offering a wide range of digital banking and financial services through a strong pan-India network. Its key offerings include savings and current accounts, debit cards, domestic money transfers, open banking APIs, cash deposits and withdrawals through micro-ATMs and AePS, and cash management services. The company also enables merchants to cross-sell products like gold loans, insurance, bill payments, and recharges, and manages a large business correspondent network for other banks. Fino Payments earns revenue through fees and commissions and focuses on serving people with limited access to traditional banking, and it has been recognized for its role in digital transactions, with strong growth in deposits and one of the largest micro-ATM networks in India.
Strengths
- Unique DTP Network: Strong distribution, technology, and partnerships for better customer service.
- Technology Focus: Emphasis on in-house development and technical expertise.
- Customer-Centric Model: Innovative approach focused on customer needs.
- Experienced Management: Led by a highly skilled leadership team.
- Social Vision: Committed to inclusiveness and empowerment.
Promoters
Fino PayTech Limited
Registrar & documents
Lead manager
Axis Capital Limited, Clsa India Private Limited, ICICI Securities Limited, Nomura Financial Advisory And Securities (India) Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8th Floor, TTC Industrial Area, MIDC Shirwane, Juinagar, Navi Mumbai – 400 706
+91 22 7104 7000
[email protected]Company website ↗Understanding FINOPB IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.