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Fino Payments Bank Limited IPO

Fino Payments Bank Limited IPO

Fino Payments Bank is a scheduled commercial bank focused to providing digital financial services to the expanding Indian market.
Investors in the payments bank include Blackstone, Bharat Petroleum, IFC, and ICICI Group, among others.
The IPO proceeds will be utilised to increase the bank's tier-1 capital base in order to satisfy future capital needs. The tentative exchange listing date is November 12.
IPO Opening Date Oct 29, 2021
IPO Closing Date Nov 2, 2021
Face Value ₹10 per equity share
IPO Price ₹560 to ₹577 per equity share
Market Lot 25 Shares
Min Order Quantity 25 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹10
(aggregating up to ₹1,200.29 Cr))
Offer for Sale 15,602,999 Eq Shares of ₹10
(aggregating up to ₹900.29 Cr)
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