Fino Payments Bank Limited IPO

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. The company has a pan-India distribution network and offers products and services such as various current accounts and savings accounts (CASA), issuance of debit cards, and related transactions, facilitating domestic remittances, open banking functionality through APIs, withdrawing and depositing cash (via micro-ATM or Aadhaar Enabled Payment System: AePS) and cash management services (CMS).

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Date29Oct2021 - 02Nov2021
Price Range (₹)560 – 577
Minimum Order Quantity25
(D)RHPView

Along with this, the company through its merchants facilitates cross-selling other financial products and services such as third-party gold loans, insurance, bill payments, and recharges and also manages BC (Bank Correspondents) network on behalf of other banks. Some of the marquee investors in the Fino Payments Bank include the likes of Blackstone, ICICI Bank, Bharat Petroleum, Intel Capital, and IFC, amongst others. The public offer of Fino Payments Bank comprises a fresh issue of equity shares aggregating up to Rs. 300 crores and an offer for sale for 1.56 crore equity shares from existing shareholders. Read more

Check out some recent financials figures of the company:

Financial Year Ended Revenue (₹ Millions) Profit After Tax (₹ Millions) EPS (₹)
March 2019 371.12  -62.38 -8 
March 2020 691.40   -32.04 -4.11 
March 2021 791.03  20.47 2.62 

How do I apply for the Fino Payments Bank Limited IPO IPO?

You can apply for the Fino Payments Bank Limited IPO IPO using any supported UPI app by following two steps:

  • Enter your bid on rocket
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

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