IPO Trending
FINOPBEQ / NSE, BSEListed
Fino Payments Bank

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 Price₹544.35
Listing Gain-5.66%

IPO Schedule & Timeline

Bookbuilding IPO
Open29 Oct 2021
Close02 Nov 2021
Allotment09 Nov 2021
Listing12 Nov 2021

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB1,55,62,735 shares
74.81%
Nii (hni)31,12,546 shares
14.96%
Retail20,75,031 shares
9.98%
Employee51,993 shares
0.25%

Minimum Application Lots

Retail1 Lot (25 shares)
₹14,425
sHNI14 Lots (350 shares)
₹2,01,950
bHNI70 Lots (1,750 shares)
₹10,09,750

Company Promoters

Fino PayTech Limited

Company Background

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 mana...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (March-21)₹7910.27 Cr
Growth+113.1%
Revenue Trend (₹ in Crores)
0.03.0k6.1k9.1kMar-19Mar-20March-21
PeriodRev (Cr)PAT (Cr)AssetsDebt
March-217,910.27204.7410,102.910
Mar-206,913.97320.366,240.010
Mar-193,711.21623.846,840.720

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
09 Nov 2021
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
12 Nov 2021

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Fino Payments Bank. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization09 Nov 2021Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date12 Nov 2021Trading commences on exchange

How to Check Fino Payments Bank Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Fino Payments Bank from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Fino Payments Bank IPO

Complete issue overview for Fino Payments Bank (FINOPB) IPO. The issue features an equity share price band of ₹560 – ₹577 per share with a minimum retail lot size of 25 Shares (minimum application amount of ₹14,425). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions