Fino Payments Bank Ltd

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NSEBSE

315.10-3.35 (-1.05%)

03:49 PM,27th Feb 2024

311.20-5.55 (-1.75%)

04:01 PM,27th Feb 2024

BSE : 543386

NSE : FINOPB

Sector : Financials

ISIN Code : INE02NC01014

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Last Updated: Feb 27 2024 | 04:01 PM IST

Market Cap (₹ Cr)

2621

Turnover (₹ Cr)

0.32

Volume (Shares)

102256

Face Value

10

52-WK High

384.00

52-WK High Date

06 Feb 2024

52-WK Low

191.20

52-WK Low Date

20 Mar 2023

All Time High

582.95

All Time High Date

12 Nov 2021

All Time Low

180.20

All Time Low Date

15 Nov 2022

Fino Payments Bank Ltd

The Bank was incorporated as Fino Fintech Foundation on 23 June 2007.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 15 December 2015 was issued by Registrar of Companies Maharashtra at Mumbai. Thereafter pursuant to the conversion of the Bank to a public limited company the name of the Bank was changed to Fino Fintech Limited on 03 February 2017. The 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 07 September 2015. Subsequently the Bank received the final approval of the RBI to carry on the business as a Payments Bank on 30 March 2017. Pursuant to receipt of approval by RBI the name of the Bank was changed to Fino Payments Bank Limited on 04 April 2017. The Bank commenced its business operations on 30 June 2017.The bank is a wholly owned subsidiary of FINO PayTech Ltd which is engaged in providing business and banking technology platform based solutions and services related to financial inclusion.The bank is engaged in providing a wide range of financial services to the ruralpoor and underserved and unserved classes. Fino Payments Bank offers a diverse range of financial products and services that are primarily digital and have a payments focus and operates an asset light business model that principally relies on fee and commission based income generated from merchant network and strategic commercial relationships. In the FY2021 and the three months ended 30 June 2021 its platform facilitated approximately 43.5 crore and 12.33 crore transactions respectively and had gross transaction value of Rs 132930.69 crore and Rs 39035.99 crore respectively.In the month of October 2021the bank come out with an Rs 1200.29-crore IPO comprised a fresh issue of Rs 300 crore and an offer for sale of Rs 900.29 crore by the promoter.The proceeds from the fresh issue will get utilised for augmenting bank's tier-1 capital base to meet its future capital requirements.The IPO shares were issued and allotted at a price of Rs 577 per share including the premium of Rs 567 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 12 November 2021.

Fino Payments Bank Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

2621

EPS - TTM (₹) [S]

9.99

P/E Ratio (X) [S]

4.52

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]69.69
P/B Ratio (₹) [S]4.52
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.00 122 0.00
Groww Nifty Total Market Index Fund-Direct (G) 0.00 122 0.00

Research Reports

Date BrokerActionPrices(Rs)Report
07-02-2023ICICI Securities Buy 234

Stock Strength

Today's Low/High

311.35

322.40

Week Low/High

306.45

322.00

Month Low/High

285.05

384.00

Year Low/High

191.20

384.00

All time Low/High

182.55

583.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week1.66%1.92%0.050.01%
1 Month-2.64%-2.63%3.393.96%
3 Month14.50%14.29%10.8012.14%
6 Month-14.28%-14.28%12.6515.22%
1 Year44.31%44.77%23.2927.63%
3 Year%%48.8752.78%

Company Info

Company Information

Independent Director : Suresh Kumar Jain

Independent Director : RAJAT KUMAR JAIN

Nominee : Pankaj Kumar

Registered Office: Mindspace Juinagar Plot No Gen, 2/1/F Tower 1 8thFlr TTC IndlA,Navi Mumbai,Maharashtra-400706 Ph: 91-22-7104 7000

Email:basavraj.loni@finobank.com

URL:http://www.finobank.com