Fino Payments Bank Limited IPO Closed
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About Fino Payments Bank Limited
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.