Business Standard

Fino Payments Bank Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,200.29 cr

Price Range (₹)

577

Lot Size

25

Min Investment (₹)

14,425.00

Listing Exchange

MumbaiNSE

Open Date

29-Oct-2021

Close Date

02-Nov-2021

Listing Date

12-Nov-2021

Fino Payments Bank Ltd News

    The Shares of Fino Payments Bank Ltd have now been listed.

    Fino Payments Bank Ltd IPO Details

    Initial public offer of 2,08,02,305* equity shares of face value of Rs. 10 each (Equity Shares) of Fino Payments Bank Limited (The Bank) for cash at a price of Rs. 577 per equity share (including a share premium of Rs. 567 per equity share) aggregating to Rs. 1200.29* crores (The Offer) comprising a fresh issue of 51,99,306* equity shares aggregating to Rs. 300.00* crores (The Fresh Issue) and an offer for sale of 15,602,999* equity shares by Fino Paytech Limited (Promoter Selling Shareholder, and such equity shares the Offered Shares) aggregating to Rs. 900.29* crores (The Offer for Sale). The offer included a reservation of 51,993* equity shares, aggregating to Rs. 3.00* crores (constituting 5% of the post-offer paid-up equity share capital), for subscription by eligible employees (the Employee Reservation Portion). The employee reservation portion shall not exceed 5%of th postoffer paid-up equity share capital. The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constituted 25.00% and 24.94%, respectively, of the post-offer paid-up equity share capital of the bank. The face value of equity shares is Rs. 10 each. The offer price is Rs. 577 per equity share and is 57.7 times the face value of the equity shares, the anchor investor offer price is Rs. 577 per equity share.*Subject to finalisation of the basis of allotment

    Objective of issue

    To be Utilised towards Augmentation of the Bank's Tier-I Capital base to meet the Bank's future Capital Requirements.

    Fino Payments Bank Ltd Contact Details

    Fino Payments Bank Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - basavraj.loni@finobank.com

    Website - www.finobank.com