Fino Payment Bank IPO GMP, Grey Market Premium, Kostak & Subject To Sauda Today 2021

Fino Payment Bank IPO

Fino Payment Bank IPO will be open from 29 October 2021 to 02 November 2021. Fino Payment Bank IPO GMP Kostak rate and Subject to Sauda updated as of Today. Fino Payment Bank IPO Grey Market Premium has been Started with Low Premium Rates, We need to wait for the rates to change with the Market Sentiment in a few days or to Stabilize the Rates.

Fino Payment Bank is a growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus. We offer such products and services to our target market via a pan-India distribution network and proprietary technologies, and since 2017, we have grown our operational presence to cover over 94% of districts as of March 31, 2021.

Fino Payment Bank is currently a wholly-owned subsidiary of Fino Paytech Limited, whose principal shareholders include marquee investors such as ICICI Bank Limited, Intel Capital Corporation, International Finance Corporation, HAV3 Holdings (Mauritius) Limited, Blackstone GPV Capital Partners (Mauritius) VI-B FDI Limited, and Bharat Petroleum Corporation Limited.

Fino Payment Bank IPO Issue size of ₹1200.29 Crores, in which Fresh Issue of 300 Crores and Offer For Sale of 900.29 Crores and issue price band has been fixed at ₹560-₹577 Per Share. The Fino Payment Bank IPO is to be listed Soon on NSE and BSE.

What is Fino Payment Bank IPO GMP Today?

The Fino Payment Bank IPO GMP Today Or Grey Market Premium is ₹0-₹0.

What is Fino Payment Bank IPO Kostak Rates Today?

The Fino Payment Bank IPO Kostak rate is ₹0.

What is Fino Payment Bank IPO Subject to Sauda Price Today?

The Fino Payment Bank IPO Subject to Sauda rates is ₹0.

Fino Payment Bank IPO Approximately Returns?

The Fino Payment Bank IPO’s approximate return is %-%. And it can also change according to the Market Sentiment.

Fino Payment Bank IPO GMP, Kostak,& Subject to Sauda :

DateGMPKostakSubject
12 Nov 201List –₹0₹0
11 Nov 2021₹0-₹0₹0₹0
10 Nov 2021₹0-₹0₹0₹0
09 Nov 2021₹0-₹0₹0₹0
08 Nov 2021₹0-₹0₹0₹0
07 Nov 2021₹0-₹0₹0₹0
06 Nov 2021₹0-₹0₹0₹0
05 Nov 2021₹0-₹0₹0₹0
04 Nov 2021₹0-₹0₹0₹0
03 Nov 2021₹0-₹0₹0₹0
02 Nov 2021₹0-₹0₹0₹0
01 Nov 2021₹0-₹0₹0₹0
31 oct 2021₹0-₹0 ₹0 ₹0
30 Oct 2021₹0-₹0 ₹0 ₹0
29 Oct 2021₹0-₹0₹0₹0
28 Oct 2021₹0-₹0₹0₹0
27 Oct 2021₹0-₹0₹0₹0
26 Oct 2021₹0-₹0₹0₹0
25 Oct 2021₹0-₹0₹0₹0
24 Oct 2021₹0-₹0₹0₹0
Fino Payment Bank IPO GMP

Fino Payment Bank IPO Date & Price Band & Details :

IPO Open :29 October 2021
IPO Close :02 November 2021
IPO Size :₹1200.29. Cr
Face Value :₹10 Rs. Equity Share
Price Band :₹560-₹577 Per Share
Listing On :BSE, NSE
Issue Size :₹1200.29. Cr
Fresh Issue :₹300. Cr
Offer For Sale :₹900.29 Cr
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Fino Payment Bank IPO Market Lot :

Fino Payment Bank IPO Minimum Market lot is 1 Lot with 25 shares with ₹14,425 Application amount. The retail investors can apply up to 13 lots with 325 Shares or ₹187,525 amounts.

Minimum Lot Size :1 Lot
Minimum Share :25 Shares
Minimum Amount :₹14,425
Maximum Lot Size :13 Lot
Maximum shares :325 Shares
Maximum Amount :₹187,525

Fino Payment Bank IPO Shares Offer :

A total of 20,802,306 shares are to be bid for the public issue by Fino Payment Bank IPO with 51,99,307 for Fresh issue and 15,602,999 for an offer for sale Shares.

CategoryShares OffersAmount
Fresh issue :51,99,307300 Cr
Offer For Sale :15,602,999900.29 Cr
Total :20,802,3061200.29 Cr
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Fino Payment Bank IPO Reservation :

Fino Payment Bank IPO total Reservation of 20,802,305 shares are to be bid for the public issue by Fino Payment Bank IPO with  15,601,729 for QIB and  31,20,346 for NII 20,80,230 For RII & – Shares EMP.

CategoryReservationSharesAmount
QIB :75%15,601,729900.22 Cr
NII :15%31,20,346180.04 Cr
RII :10%20,80,230120.03 Cr
EMP :– %
Total :100%20,802,3051200.29 Cr

Fino Payment Bank IPO Dates :

Fino Payment Bank IPO Date is 29 October 2021 and closes on 2 November 2021. The allotment will be finalized on 9 November 2021and the IPO may list on 12 November 2021.

Open Date :29 October 2021
Close Date :02 November 2021
Allotment Date :09 November 2021
Refund Date :10 November 2021
Share Credit Date :11 November 2021
Listing Date :12 November 2021

Fino Payment Bank IPO Form :

There are two ways to apply in Fino Payment Bank IPO. You can apply for Fino Payment Bank IPO through ASBA available in your bank account. You have to go to your online bank login and select Fino Payment Bank IPO in the Invest section and apply through your bank account. Another option is you can apply for Fino Payment Bank IPO through IPO form download through NSE and BSE. See the Fino Payment Bank IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.

Fino Payment Bank Company Financial Report (Cr) :

YearRevenueExpensePAT
2021₹7,910.27₹7,705.53₹204.74
2020₹6,913.97₹7,234.33₹320.36
2019₹3,711.21₹4,335.05₹623.84
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About Fino Payment Bank Company

Our Bank was incorporated as ‘Fino Fintech Foundation’ pursuant to a certificate of incorporation dated June 23, 2007, issued by Registrar of Companies, Maharashtra at Mumbai. Pursuant to surrender of our license under section 8 of Companies Act, 2013, our name was changed to ‘Fino Fintech Private Limited’, and a fresh certificate of incorporation dated December 15, 2015, was issued by Registrar of Companies, Maharashtra at Mumbai. Thereafter, pursuant to the conversion of our Bank to a public limited company, the name of our Bank was changed to ‘Fino Fintech Limited’, and a fresh certificate of incorporation dated February 3, 2017, was issued to our Bank by the Registrar of Companies, Maharashtra at Mumbai.

Our Promoter, Fino PayTech Limited, was granted in-principle approval to establish a payments bank (“Payments Bank”), by the RBI, pursuant to its letter dated September 7, 2015. Subsequently, our Bank received the final approval of the RBI to carry on the business as a Payments Bank on March 30, 2017.

Read also: SME Upcoming IPO List 2021

Pursuant to receipt of approval by RBI, the name of our Bank was changed to ‘Fino Payments Bank Limited’, and a fresh certificate of incorporation dated April 4, 2017, was issued by the Registrar of Companies, Maharashtra at Mumbai. Our Bank commenced its business operations on June 30, 2017, and was included in the second schedule to the RBI Act pursuant to a notification issued by the RBI dated January 1, 2021, and published in the Gazette of India (Part III – Section 4) dated February 13 – February 19, 2021.

We are a growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus. We offer such products and services to our target market via a pan-India distribution network and proprietary technologies, and since 2017, we have grown our operational presence to cover over 94% of districts as of March 31, 2021. We first became profitable in the fourth quarter of the financial year 2020 and have been profitable in subsequent quarterly periods. In addition, in the financial years 2019, 2020, and 2021.

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Our platform facilitated approximately 154.02 million, 318.56 million, and 434.96 million transactions, respectively, and had a gross transaction value of ₹456,847.97 million, ₹944,525.76 million, and ₹1,329,306.90 million, respectively. We operate an asset-light business model that principally relies on fee and commission-based income generated from our merchant network and strategic commercial relationships. Each merchant serves the banking and financial needs of its community, which in turn forms the backbone of our assisted-digital ecosystem, referred to as our “phygital” delivery model (i.e., a combination of physical and digital).

Fino Payment Bank IPO GMP FAQs :

How much is Fino Payment Bank IPO GMP Today?
Fino Payment Bank IPO GMP Today is ₹0-₹0.

How much is Fino Payment Bank IPO Grey Market Premium?
Fino Payment Bank IPO is Grey Market Premium ₹0-₹0.

What is Fino Payment Bank IPO Kostak Rate?          
Fino Payment Bank IPO Kostak Rate is ₹0.

What is Fino Payment Bank IPO Subject to Sauda?
Fino Payment Bank IPO Subject to Deals is ₹0.

What is Fino Payment Bank IPO Approx Returns?
Fino Payment Bank IPO approx Returns is %-%. And it can also change according to the Market Sentiment.

Fino Payment Bank IPO Details: Click Here

Fino Payment Bank IPO Subscription: Click Here

Fino Payment Bank IPO Allotment: Click Here

Fino Payment Bank IPO Listing: Click Here

All Fino Payment Bank IPO-related links are available here. If you want to know the details then click on Click Here Link.

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Fino Payment Bank IPO GMP, Grey Market Premium, Kostak & Subject To Sauda Today 2021
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