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Fino Payments Bank IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 1200.29 Cr. The company is based in Mumbai and caters to Banking And Finance sector. Axis Capital , Clsa India , ICICI Securities , Nomura Financial Advisory And Securities (India) are the merchant bankers of Fino Payments Bank IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th July 2021.
Fino Payments Bank IPO open date is 29th October 2021 and close date is 2nd November 2021. IPO Allotment Date is 9th November 2021 and Listing date is 12th November 2021.
IPO
Size:
₹ 1200.29 Cr.
Avg IPO Size (Sector Based)
: ₹
1,911.46 cr.
Sector: Banking And Finance
IPO so far:
80
Merchant Banker:
Axis Capital
IPO by BRLM so far:
163
City:
Mumbai
IPO so far:
189
Revenue (annualised):
₹
824.96
cr. 
PE
Ratio:
382.12x
Average Sector PE Ratio: 20.65x
Fino Payments Bank IPO size is ₹ 1200.29 Cr. with IPO price of ₹ 577.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Axis Capital Limited is the book-running lead manager of the Fino Payments Bank IPO. Kfin Technologies Limited is the Registrar for Fino Payments Bank IPO.
Fino Payments Bank IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Fino Payments Bank IPO, based in Mumbai, operates in the Banking And Finance sector with a focus on financial service. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Fino Payments Bank IPO size is ₹ 1200.29 Cr. with fresh issue size of ₹ 1,200 and Offer for sale being ₹ Nil
The IPO allotment date for Fino Payments Bank IPO is expected to be 9th November 2021, after the finalization of basis of allotment. Investors can check Fino Payments Bank IPO allotment status on the registrars website, Kfin Technologies Limited . Fino Payments Bank IPO refund dates are 10th November 2021.
Fino Payments Bank IPO is expected to be listed on 12th November 2021.
The upper price band for the Fino Payments Bank IPO is set at ₹ 577.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Fino Payments Bank IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Fino Payments Bank IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 2nd November 2021. After submission, funds are blocked until the basis of allotment of Fino Payments Bank IPO is finalised.
The merchant banker for Fino Payments Bank IPO is Axis Capital Limited , Clsa India Private Limited , ICICI Securities Limited , Nomura Financial Advisory And Securities (India) Private Limited . Axis Capital Limited , Clsa India Private Limited , ICICI Securities Limited , Nomura Financial Advisory And Securities (India) Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Fino Payments Bank IPO RHP for further details.
The registrar for Fino Payments Bank IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Fino Payments Bank IPO through their official website or helpline.
Fino Payments Bank IPO was subscribed 2.03 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 1,200.29 Cr.
Avg IPO Size (Sector Based)
:
₹ 1,911.46 Cr.
Sector: Banking And Finance
IPO so far:
80
Merchant Banker:
Axis Capital
IPO by BRLM so far:
163
City:
Mumbai
IPO so far:
189
Revenue (annualised):
₹ 824.96 cr.
PE
Ratio:
382.12x
Average Sector PE Ratio: 20.65x
Fino Payments Bank IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Fino Payments Bank Financial Review Page
Merchant Banker(s) of Fino Payments Bank IPO: Axis Capital Limited , Clsa India Private Limited , ICICI Securities Limited , Nomura Financial Advisory And Securities (India) Private Limited
Fino Payments Bank IPO subscription was 2.03 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Fino Payments Bank IPO listed at a listing price of 545.25 against the offer price of 577.00.
The current market price of Fino Payments Bank is 280.45.
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