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Fino Payments Bank Limited

Incorporated in 2017, Fino Payments is a growing fintech company in India offering a wide range of digital banking and financial services through a strong pan-India network. Its key offerings include savings and current accounts, debit cards, domestic money transfers, open banking APIs, cash deposits and withdrawals through micro-ATMs and AePS, and cash management services. The company also enables merchants to cross-sell products like gold loans, insurance, bill payments, and recharges, and manages a large business correspondent network for other banks. Fino Payments earns revenue through fees and commissions and focuses on serving people with limited access to traditional banking, and it has been recognized for its role in digital transactions, with strong growth in deposits and one of the largest micro-ATM networks in India.

₹560 - ₹577Open
Listed Price544.35
Listing Gain-5.66%
TimelineBookbuilding IPO
Open29 Oct 2021
Close02 Nov 2021
Allotment09 Nov 2021
Listing12 Nov 2021

Quota Reservation Portions

QIBPortion: 1,55,62,735 shares
74.81%
Nii (hni)Portion: 31,12,546 shares
14.96%
RetailPortion: 20,75,031 shares
9.98%
EmployeePortion: 51,993 shares
0.25%

Minimum Application Bracket Matrix

Retail1 lots / 25 shares
₹14,425
sHNI14 lots / 350 shares
₹2,01,950
bHNI70 lots / 1,750 shares
₹10,09,750

About the Company

Incorporated in 2017, Fino Payments is a growing fintech company in India offering a wide range of digital banking and financial services through a strong pan-India network. Its key offerings include savings and current accounts, debit cards, domestic money transfers, open banking APIs, cash deposits and withdrawals through micro-ATMs and AePS, and cash management services. The company also enables merchants to cross-sell products like gold loans, insurance, bill payments, and recharges, and manages a large business correspondent network for other banks. Fino Payments earns revenue through fees and commissions and focuses on serving people with limited access to traditional banking, and it has been recognized for its role in digital transactions, with strong growth in deposits and one of the largest micro-ATM networks in India.

Company Promoters

Fino PayTech Limited
Fino Payments Bank Limited IPO Details | GMP, Allotment & Financials | IPO Trending