Fino Payments Bank IPO Subscription Status
Fino Payments Bank IPO subscription to start from Oct 29 to Nov 02, 2021. The IPO consists of a fresh issue of ₹300 crore and offer for sale of upto 15.60 mln shares by Fino Paytech Ltd. currently, Fino Paytech holds 100% stake in the firm. The price range for the offer has been fixed at [.] per share.
Fino Payments Bank IPO Subscription Status
| Day | Date | QIB | NII | Retail | Emp | Total |
| Day 1 | 29-Oct-2021 17:00 | 0.00x | 0.05x | 2.73x | 0.25x | 0.51x |
| Day 2 | 01-Nov-2021 17:00 | 0.00x | 0.10x | 4.65x | 0.56x | 0.87x |
| Day 3 | 02-Nov-2021 17:00 | 1.65x | 0.21x | 5.92x | 0.93x | 2.03x |
About Fino Payments Bank
Fino Payments Bank is a growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus. Fino Payments Banks offer such products and services to the target market via a pan-India distribution network and proprietary technologies, and since 2017, Bank grew its operational presence to cover over 94% of districts as of March 31, 2021.
Fino Payments Banks operate an asset-light business model that principally relies on fee and commission-based income generated from the merchant network and strategic commercial relationships. Each merchant serves the banking and financial needs of its community, which in turn forms the backbone of the assisted-digital ecosystem, referred to as the “phygital” delivery model (i.e., a combination of physical and digital).
Fino Payments Bank IPO Price – Details
| Details | FINO IPO Details |
|---|---|
| Public Issue | Initial Public Offer of up to [.] Equity Shares of ₹ 10 (aggregating up to ₹ 300 crores) and Offer for sale upto 15,602,999 Equity shares (aggregating upto [] crores) |
| Issue Open Date | 29-Oct-21 |
| Issue Close Date | 02-Nov-21 |
| Issue Type | Book Built |
| IPO Price Band | ₹ 560 – ₹ 577 |
| Face Value | ₹ 10 |
| Market Lot | 25 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 25 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | FINO |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Fino Payments Bank IPO Subscription Status – FAQs
How much Fino Payments Bank IPO subscribed on Day 1?
The Fino Payments Bank IPO subscribed 0.51 times on day 1
How much Fino Payments Bank IPO subscribed on Day 2?
The Fino Payments Bank IPO subscribed [.] times on day 2.
How much Fino Payments Bank IPO subscribed on Day 3?
The Fino Payments Bank IPO subscribed [.] times on day 3.
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