Fino Payments Bank IPO Subscription Details (Live Status)

Fino Payments Bank IPO Details

IPO Open	Oct 29, 2021
IPO Close	Nov 2, 2021
IPO Price	₹577
Face Value	₹10
IPO Size	₹1,200.29 Cr
Listing At	BSE, NSE
Lot Size	25

Fino Payments Bank IPO Subscription Status Live

Fino Payments Bank IPO subscribed 2.03 times. The public issue subscribed 5.92 times in the retail category, 1.65 times in QIB, and 0.21 times in the NII category by Nov 2, 2021.

Application Wise IPO Subscription (Retail): 4.76 times

Investor Category	Subscription (times)
Qualified Institutions	1.65
Non-Institutional Buyers	0.21
Retail Investors	5.92
Employees	0.93
Others	[.]
Total	2.03

Fino Payments Bank IPO Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 Oct 29, 2021	0.00	0.05	2.73	0.25	0.51
Day 2 Nov 1, 2021	0.00	0.10	4.65	0.56	0.87
Day 3 Nov 2, 2021	1.65	0.21	5.92	0.93	2.03

Fino Payments Bank IPO Shares Offered

Fino Payments Bank IPO is a public issue of 11,464,664 equity shares. The issue offers 2,075,031 shares to retail investors, 6,225,094 shares to qualified institutional buyers, and 3,112,546 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	6,225,094	359.19	54.30%
NII	3,112,546	179.59	27.15%
Retail	2,075,031	119.73	18.10%
Employee	51,993	3.00	0.45%
Total	11,464,664	661.51	100%

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs. On 1st May 2022, SEBI introduced a new sub-category as Small NII for applications between Rs 2 lakhs to Rs 10 lakhs.
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

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Fino Payments Bank IPO Subscription FAQs

The Fino Payments Bank IPO is subscribed 2.03 by Nov 2, 2021.