Fino Payments Bank Limited
ListedMainboardFinancial Services · NSE / BSE
Incorporated in 2017, Fino Payments is a growing fintech company in India offering a wide range of digital banking and financial services through a strong pan-India network. Its key offerings include savings and current accounts, debit cards, domestic money transfers, open banking APIs, cash deposits and withdrawals through micro-ATMs and AePS, and cash management services. The company also enables merchants to cross-sell products like gold loans, insurance, bill payments, and recharges, and manages a large business correspondent network for other banks. Fino Payments earns revenue through fees and commissions and focuses on serving people with limited access to traditional banking, and it has been recognized for its role in digital transactions, with strong growth in deposits and one of the largest micro-ATM networks in India.
Price Band
₹560 – ₹577
Issue Size
₹1200 Cr
Lot Size
25 shares
GMP
—
Est. Listing
₹577
at current GMP
Subscribed
—
Open
29 Oct 2021
Close
2 Nov 2021
Allotment
9 Nov 2021
Refund
10 Nov 2021
Demat Credit
11 Nov 2021
Listing
12 Nov 2021
Last updated 12 days ago
Official Registrar Verification
Fino Payments Bank Limited Allotment Status
Designated Registrar: Kfin Technologies Limited
Allotment Date
9 Nov 2021
Basis finalization
Refunds Initiate
10 Nov 2021
Mandate release
Demat Credit
11 Nov 2021
Shares in demat
Listing Debut
12 Nov 2021
Trading begins
How to Check Fino Payments Bank Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
- Select Fino Payments Bank Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Fino Payments Bank Limited Public Issue & Market Profile
Fino Payments Bank Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹1,200.29 Crores. The shares are offered at a price band of ₹560 to ₹577 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2021-11-02, the basis of allotment is scheduled to be finalized on 2021-11-09. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.