Fino Payments Bank Ltd. IPO

Fino Payments Bank Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹577

Issue Price

Listing Price

₹548

Listing Price

Listing Gains

-₹29.00 (-5.03%)

Listing Gains

IPO Details

Bidding Dates

29 Oct - 02 Nov '21

Bidding Dates

Min. Investment

₹14,000

Min. Investment

Lot Size

25.00

Lot Size

Price Range

₹560.00 - ₹577.00

Price Range

Issue Size

1,174 Cr

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

Subscription Rate - Fino Payments Bank Ltd. IPO

  • Retail Individual Investor
    5.92x
  • Non-Institutional Investor
    0.21x
  • Qualified Institutional Buyers
    1.65x
  • Employees
    0.93x


About Fino Payments Bank Ltd. IPO

Fino Payments Bank was incorporated in April 2017. Fino Payments Bank has shared that they have a great financial track record and distribution record in the country. Their investors include ICICI Bank, BPCL, Blackstone, and IFC. it is present in 94 percent of the country’s districts and has 6.41 lakh banking outlets, 54 branches and 143 customer service Points. Fino Payments Bank relies on commission-model income and fees from its merchant network and commercial relationships. Fino PayTech received approval from the Reserve Bank of India (RBI) in September 2015 to set up a payments bank. It commenced operations in June 2017.

Why should you invest in Fino Payments Bank Ltd. IPO?

Digital Payments is expected to be a healthy business opportunity, considering the growth of the domain in the past few years alone. According to records the company turned profitable in the fourth quarter of FY 2020 and has stayed on track.

As their focus stays on growth, research and deeper penetration, the growth of the business in the domain looks positive. Analysts also suggest investing in the Fino Payments Bank IPO if the investor’s goal is towards long-term growth.


SWOT Analysis - Fino Payments Bank Ltd. IPO

Strengths:

Since the fourth quarter of FY20, the company has been returning profits consistently. The digital payments sector has been a booming space over the past few years and is expected to grow strongly. Fino’s aims and plans for deeper penetration, and growing its customer base might make it an important player in the coming years

Weaknesses:

Fino Payments Bank undertakes fees and commissions-based activities. Since this is one of their main source of income, any major shifts in this process might make it difficult to grow.

Opportunities:

Owing to the rise in mobile internet penetration and the reach of smartphones, the need for better digital payment activities is always growing. Innovation in this regard can be game-changing. CRISIL forecasts the digital payments value in India to reach Rs 3,500 lakh crore in FY25 which is more than double the numbers from FY 20.

Threats:

Some analysts feel the Fino Payment Bank share price valuation is higher compared to growth. This is seen as a big risk. Regulations from government authorities can also be detrimental to the growth prospects in the coming years. Analysts feel because of Fino Bank share price, it is mainly suitable for long-term growth



How to apply for Fino Payments Bank Ltd. IPO?

You can apply for the Fino Payments Bank Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

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Frequently Asked Questions (FAQs) - Fino Payments Bank Ltd. IPO

1.When was Fino Payments Bank founded?

Fino Payments Bank, incorporated in April 2017, started operations in June 2017.

2.Are there any other public payments banks in India currently?

Fino Payments Bank would be the first payments bank to list in the Indian stock exchanges.

3.Who are the promoters of Fino Payments Bank?

Fino Payments Bank is a wholly-owned subsidiary of Fino Pay-Tech. The company’s investors include ICICI Group, Blackstone, International Finance Corporation (IFC), and Bharat Petroleum.

4.When is Fino Payments Bank going to be listed?

Fino Payments Bank is expected to be listed on the bourses on November 12, 2021.

5.What is Fino Payment Bank share price and what is the minimum investment?

The Fino Payment Bank share price is in the range of Rs. 560- Rs. 577 and the minimum investment amount is Rs. 14,000.

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