Fino Payments Bank IPO

Fino Payments Bank IPO Details – Date, Price, Allotment, RHP

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Fino Payments Bank IPO open on 29th October, 2021 and it will close on 2nd November, 2021 as per the Red Herring Prospectus (RHP).

About the Fino Payments Bank Limited

The Bank was incorporated as ‘Fino Fintech Foundation’ pursuant to a certificate of incorporation dated June 23, 2007, issued by Registrar of Companies, Maharashtra at Mumbai. Pursuant to surrender of the license under section 8 of Companies Act, 2013, the name was changed to ‘Fino Fintech Private Limited’ and a fresh certificate of incorporation dated December 15, 2015 was issued by Registrar of Companies, Maharashtra at Mumbai. Thereafter, pursuant to the conversion of our Bank to a public limited company, the name of Bank was changed to Fino Fintech Limited’, and a fresh certificate of incorporation dated February 3, 2017 was issued to our Bank by the Registrar of Companies, Maharashtra at Mumbai. Promoter, Fino PayTech Limited, was granted an in-principle approval to establish a payments bank (“Payments Bank”), by the RBI, pursuant to its letter dated September 7, 2015. Subsequently, the Bank received the final approval of the RBI to carry on the business as a Payments Bank on March 30, 2017. Pursuant to receipt of approval by RBI, the name of our Bank was changed to ‘Fino Payments Bank Limited’ and a fresh certificate of incorporation dated April 4, 2017 was issued by Registrar of Companies, Maharashtra at Mumbai. Bank commenced its business operations on June 30, 2017 and was included in the second schedule to the RBI Act pursuant to a notification issued by the RBI dated January 1, 2021 and published in the Gazette of India (Part III – Section 4) dated February 13 – February 19, 2021.

A growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus.

The only payments bank to offer a subscription based savings account in India (source: CRISIL)

Pan-India Distribution Network

Current accounts and Savings accounts (CASA),
Remittances
Micro ATM & Aadhaar Enabled Payment System (Aeps)
Cash Management Services (CMS)

Registered and Corporate Office: Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8 th Floor, TTC Industrial Area, MIDC Shirwane, Juinagar, Navi Mumbai – 400 706; Tel: +91 22 7104 700

Contact Person: Basavraj Loni, Company Secretary and Compliance Officer; Tel: +91 22 7104 7027, E-mail: basavraj.loni@finobank.com; Website: www.finobank.com

Corporate Identity Number: U65100MH2007PLC171959


Fino Payments Bank IPO – Promoters

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FINO PAYTECH LIMITED


Fino Payments Bank IPO – COMPANY FINANCIALS

Summary of Restated Consolidated Financial Information

For the year/period ended ( ₹ in millions)

Particulars
 31-Mar-2131-Mar-2031-Mar-19
Total Revenue7,910.276,913.973,711.21
Profit After Tax204.74(320.36)(623.84)
Total Asset10,102.916,240.016,840.72

EARNING PER EQUITY SHARE

For the year/period ended ( ₹ in millions)

Particulars31-Mar-2131-Mar-2031-Mar-19
Basic & Diluted2.62(4.11)(8.00)

Fino Payments Bank IPO Date and Price Band

Issue Open Date29th October 2021
Issue Close Date2nd November 2021
Issue TypeBook Built Issue
Face Value₹ 10 per equity share
IPO/Issue Price₹ 560 to 577 per equity share
Market Lot25 Shares
Min Order Quantity25 Shares
Listing AtBSE, NSE

IPO/ Issue Time Line [Tentative]

29th October 2021

Issue Open Date


Issue Close Date

2nd November 2021
9th November 2021

Basis of Allotment Date

Initiation of Refunds

10th November 2021
11th November 2021

Credit of Shares to Demat Account

IPO Listing Date

12th November 2021

Prospectus


Fino Payments Bank IPO Issue Objects

1. Augmenting Bank’s Tier – 1 capital base to meet its future capital requirements.

2. To meet the expenses in relation to the offer.


Fino Payments Bank IPO Lead Managers

1. Axis Capital Limited

2. CLSA India Private Limited

3. ICICI Securities Limited

4. Nomura Financial Advisory and Securities (India) Private Limited


Fino Payments Bank IPO Registrar

KFin Technologies Private Limited
(formerly known as Karvy Fintech Private Limited)
Selenium, Tower B,
Plot No 31 and 32, Financial District,
Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032,
Telangana, India
Tel: +91 40 6716 2222
E-mail: finopayments.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact person: M Murali Krishna
SEBI registration number: INR000000221


Fino Payments Bank IPO FAQs

When the Fino Payments Bank IPO will Open?


The Fino Payments Bank IPO opens on 29th October 2021 for investors.

Fino Payments Bank IPO

When the Fino Payments Bank IPO will Close?


The Fino Payments Bank IPO close on 2nd November 2021.

What is Fino Payments Bank IPO Price Band?


The Fino Payments Bank IPO Price Band is ₹ 560 to ₹ 577 per equity share

What is Fino Payments Bank IPO Allotment Date?


The Fino Payments Bank IPO allotment date is 9th November 2021.

What is the Fino Payments Bank IPO Listing Date?


The Fino Payments Bank IPO Listing Date is 12th November 2021.

Who is the Promoter of Fino Payments Bank Limited IPO?


The Promoters of Fino Payments Bank IPO: : FINO PAYTECH LIMITED

Who is the Registrar of Fino Payments Bank IPO?

KFin Technologies Private Limited. Visit their website for more information.
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