Fino Payments Incorporated in 2017, is a growing fintech company offering a wide portfolio of digital financial products and services in India. The company has a pan-India distribution network and its’ major products and services include:
• Current accounts and Savings accounts (CASA),
• Issuance of debit card and related transactions,
• Facilitating domestic remittances,
• Open banking functionality (through their Application Programming Interface),
• Withdrawing and depositing cash (via micro-ATM or Aadhaar Enabled Payment System (AePS) and
• Cash Management Services (CMS).
The company’s merchants facilitate them in cross-selling their other financial products and services such as third-party gold loans, insurance, bill payments and recharges. Fino Payments also manages a large BC (Business Correspondents) network on behalf of other banks.
Competitive Strengths
- Unique DTP (Distribution, Technology, Partnership) network helps in better customer servicing
- Focus on technology development and in-house technological expertise
- Customer centric and innovative business model
- Highly experienced management team
- Vision of socially inclusiveness and empowerment
Fino Payments Bank Limited IPO Tentative Timetable
| Particular | Date |
| IPO Open Date | 29 Oct 2021 |
| IPO Close Date | 02 Nov 2021 |
| Allotment Date | 09 Nov 2021 |
| IPO Listing Date | 12 Nov 2021 |
Fino Payments Bank Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 560 to Rs. 577 Per Equity Share |
| Market Lot | 25 Share |
| NSE Symbol | |
| BSE Symbol | |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 1200 Crore. |
Fino Payments Bank Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 25 | Rs. 14425 |
| Maximum | 13 | 325 | Rs. 187525 |
Fino Payments Bank Limited IPO Allotment Status
Click Here To Check IPO Allotment Status Fino Payments Bank Limited.
Click Here To Get ASBA Forms Fino Payments Bank Limited
Company Financials:
| Particular | 31 March 2021 | 31 March 2020 | 31 March 2019 |
| Total Assets | 10102.91 | 6240.01 | 6840.72 |
| Total Revenue | 7910.27 | 6913.97 | 3711.21 |
| Profit After Tax | 204.74 | (320.3) | (623.84) |
Company Promoters:
Fino PayTech Limited is the company’s promoter.
Objects of this Issue:
The net IPO proceeds will be used for the following purposes :
- Augmenting Bank’s Tier – 1 capital base to meet its future capital requirements.
- To meet the expenses in relation to the offer.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Fino Payments Bank Limited Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8th Floor, TTC Industrial Area, MIDC Shirwane, Juinagar, Navi Mumbai – 400 706 Phone: +91 22 7104 7000 Email: basavraj.loni@finobank.com Website: https://www.finobank.com/ | KFintech Private Limited Phone: 04067162222, 04079611000 Email:finopayments.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
