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Fino Payments Bank Limited IPO (Fino Payments Bank IPO) Detail

Incorporated in 2017, Fino Payments 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 includes:
• 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.


For revenue generation, the company relies on fees and commissions from their merchant network and strategic commercial relationships. The company is looking to target a population of India which has low levels of financial literacy and technology use and typically does not have access to even basic banking services. In 2020, the Ministry of Electronics & Information Technology ranked Fino payments third among banks in facilitating digital transactions in India. According to CRISIL, the company also has the largest network of micro-ATMs and the third-highest deposit growth rate in FY' 2021.

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

Company Promoters:

Fino PayTech Limited is the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
30-March-21 31-Mar-20 31-Mar-19
Total Assets 10,102.91 6,240.01 6,840.72
Total Revenue 7,910.27 6,913.97 3,711.21
Profit After Tax 204.74 (320.36) (623.84)

Objects of the Issue:

  • Augmenting Bank’s Tier – 1 capital base to meet its future capital requirements.
  • To meet the expenses in relation to the offer.

Fino Payments Bank IPO Details

IPO Opening Date
IPO Closing Date
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price [.] to [.] per equity share
Market Lot
Min Order Quantity
Listing At BSE, NSE
Issue Size
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹300.00 Cr)
Offer for Sale15,602,999 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Fino Payments Bank IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding

Fino Payments Bank IPO Prospectus

Fino Payments Bank IPO Rating

229
3.9
Rating:Rated 3.9 stars
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Company Contact Information

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/

Fino Payments Bank IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: finopayments.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Fino Payments Bank IPO Reviews / Ratings

Sorry, we couldn't find any reviews, please check back later.

Fino Payments Bank IPO FAQs

Fino Payments Bank IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per equity share. The minimum order quantity is .

The Fino Payments Bank IPO open and close dates are not available as of now.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Fino Payments Bank IPO using UPI as a payment gateway. Zerodha customers can apply in Fino Payments Bank IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Fino Payments Bank IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Fino Payments Bank IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Fino Payments Bank IPO dates are not announced. Please check back again after some time.

Fino Payments Bank IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Fino Payments Bank IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Fino Payments Bank IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Fino Payments Bank IPO allotment status.

The Fino Payments Bank IPO listing date is not yet announced. The tentative date of Fino Payments Bank IPO listing is [.].

Fino Payments Bank IPO Message Board

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