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Open
29 Oct to 2 Nov, 2021
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Close
29 Oct to 2 Nov, 2021
3
Allotment
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Listing
Fri, Nov 12, 2021
Price Band
₹560 to ₹577
Issue Size
2,08,02,305 shares (agg. up to ₹1,200 Cr)
Lot Size
25 Shares
Listing Date
Fri, Nov 12, 2021
Latest GMP
₹0
✦ AI Insight
GMP Trend
27-10-2025₹0Est. ₹—+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.34x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 1,020.16 | 1,010.29 | 624.00 | 684.07 |
| Total Income | 206.24 | 791.03 | 691.40 | 371.12 |
| Profit After Tax | 3.13 | 20.47 | -32.04 | -62.38 |
| EBITDA | 9.91 | 74.06 | -8.47 | -18.59 |
| NET Worth | 153.68 | 150.55 | 130.07 | 162.11 |
| Reserves and Surplus | 109.10 | 105.97 | 85.49 | 117.53 |
| Total Borrowing | 211.28 | 180.80 | 110.79 | 82.90 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Suryoday Small Finance Bank Ltd. | Mainboard | ₹581.98 Cr | ₹305 | null | ₹277.80 | -8.92% | ₹185.49 (-1.88%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting its Tier-1 capital base to meet its future capital requirements | |
| Total | 0.00 |
About Fino Payments Bank IPO
Incorporated in 2017, 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 includes:• 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. For revenue generation, the company relies on fees and commissions from their merchant network and strategic commercial relationships. The company is looking to target a population of India which has low levels of financial literacy and technology use and typically does not have access to even basic banking services. In 2020, the Ministry of Ele
Contact Details
Fino Payments Bank Ltd. AddressMindspace Juinagar, Plot No Gen 2/1/F, Tower 18th Floor, TTC Industrial Area, MIDC ShirwaneJuinagarNavi Mumbai, Maharashtra, 400706+91 22 7104 7000basavraj.loni@finobank.comVisit Website