Fino Payments Bank Limited IPO Closed

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IPO date 29 Oct 2021 – 02 Nov 2021
Listing date 12 Nov 2021
Price range 560 – 577
Minimum order quantity 25
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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. The company has a pan-India distribution network and offers products and services such as various current accounts and savings accounts (CASA), issuance of debit cards, and related transactions, facilitating domestic remittances, open banking functionality through APIs, withdrawing and depositing cash (via micro-ATM or Aadhaar Enabled Payment System: AePS) and cash management services (CMS). 

Along with this, the company through its merchants facilitates cross-selling other financial products and services such as third-party gold loans, insurance, bill payments, and recharges and also manages BC (Bank Correspondents) network on behalf of other banks.

Some of the marquee investors in the Fino Payments Bank include the likes of Blackstone, ICICI Bank, Bharat Petroleum, Intel Capital, and IFC, amongst others.

The public offer of Fino Payments Bank comprises a fresh issue of equity shares aggregating up to Rs. 300 crores and an offer for sale for 1.56 crore equity shares from existing shareholders.

Financial Snapshot

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 371.12 -62.38 -8
March 2020 691.40 -32.04 -4.11
March 2021 791.03 20.47 2.62

IPO Schedule

Issue Period 29th October 2021 to 2nd November 2021
Finalization of Allotment 9th November 2021
Initiation of Refunds 10th Novemberr 2021
Credit of Shares 11th November 2021
Date of Listing 12th November 2021
Mandate End Date 19th November 2021

How do I apply to the Fino Payments Bank Limited IPO?

You can apply for the Fino Payments Bank Limited IPO using any supported UPI app by following two steps:
  • Enter your bid on Console
  • Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Fino Payments Bank Limited IPO?

You can check the allotment status for the Fino Payments Bank Limited IPO on the website of the Registrar and Transfer agent Alternatively, you can also check the allotment status on the NSE website. The tentative date of allotment is 8th November 2021.