What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Fino Payments Bank Limited IPO?

Fino Payments Bank Limited IPO has received a total subscription of 0.00 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Fino Payments Bank Limited

ListedMainboard

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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

0.00x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 0.00x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	10,401,127	—	0.00x
Non-Institutional (NII / HNI)	3,120,338	—	0.00x
Retail Individual (RII)	7,280,789	—	0.00x
Total	20,802,254	0	0.00x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 1.00x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	291,232	291,232	1.00x
HNIs (10L +)	1,863	1,863	1.00x
HNIs (2-10L)	8,915	8,915	1.00x
Total Applications	302,010	302,010	1.00x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Fino Payments Bank Limited IPO GMP today?

Currently, Fino Payments Bank Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹560 to ₹577 per equity share.

What is the expected profit per lot for Fino Payments Bank Limited IPO?

The retail lot size is 25 shares requiring a minimum application amount of ₹14,425. Expected listing price is ₹577 per equity share.

What is the issue size and price band for Fino Payments Bank Limited IPO?

The Fino Payments Bank Limited IPO aggregate issue size is ₹1,200.29 Crores with an equity price band set at ₹560 to ₹577 per equity share. The retail lot size is 25 shares requiring a minimum capital outlay of approx. ₹14,425.

How can I check Fino Payments Bank Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Fino Payments Bank Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2021-11-09. Investors can verify status using PAN card or application number.

When is the listing date for Fino Payments Bank Limited IPO?

Fino Payments Bank Limited shares are scheduled to list on NSE and BSE on 2021-11-12.