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 - ₹577
Price Range
Issue Size
1,174 Cr
Issue Size
Subscription Rate
- Retail Individual Investor5.92x
- Non-Institutional Investor0.21x
- Qualified Institutional Buyers1.65x
- Employees0.93x
About Company
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.
Fino Payments Bank Ltd. IPO - SWOT Analysis
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
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Fino Payments Bank Ltd. click here.
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