
Financial 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: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹577
Band: ₹560 – ₹577
Estimated Listing Price
₹577
Upper price + GMP
Lot Size
25 shares
Min investment ₹14,425
Estimated Profit / Lot
₹0
25 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹577 |
| 30 Oct 2026 | — | 0.0% | ₹577 |
| 29 Oct 2026 | — | 0.0% | ₹577 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
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.
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.
The latest grey market premium for Fino Payments Bank Limited IPO is ₹0, which indicates an expected listing price of ₹577.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.