Fino Payments Bank Ltd. IPO

A growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus.

RHP
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DRHP
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Open Date

2021-10-29

Close Date

2021-11-02

IPO Details

Check out the issue details for Fino Payments Bank Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 577

Price Band

₹ 560 - 577

Issue Size

1200.29 Cr.

Issue Type

Book Built

Open

2021-10-29

Close

2021-11-02

Listingprice

₹ 544.35

ListingGain

-5.66%

Listing Date

2021-11-12

CMP

₹ 314.05

Current Return

-45.57%

Company Financials

You can get the following financial statements of Fino Payments Bank Ltd. as of now.

Subscription Details

The details about the Fino Payment Bank IPO is as:

  • The issue size of the IPO is 1200.29 Cr.
  • The price band ranges from Rs 560 to Rs 577.
  • Fino Payment Bank IPO is subscribed 2.03 times as of 2nd November.

 

Fino Payment Bank Valuation

The approx valuation of Fino Payment Bank IPO based on its price band and DRHP/RHP (prospectus) is:

Particulars Value
Upper Price Band 577 Rs
Existing Shares (Qty) 7.8 Cr
Fresh Issue (Amount) 300 Cr
Market Cap 4800.6 Cr
EPS (FY21) 2.62 Rs
PE Ratio 220.2x
Industry PE No peers

 

Fino Payment Bank Issue Size

Fino Payment Bank IPO issue size is 1200.29 Cr

Issue Amount
Fresh Issue 300 Cr
Offer For Sale 900.29 Cr

 

Fino Payment Bank IPO Market Lot

An Individual can apply for a minimum 1 lot of 25 shares and a maximum of 13 lots of 325 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 25 Rs 14,425
 Maximum 14 325 Rs 1,87,525

 

Fino Payment Bank IPO subscription

Fino Payment Bank IPO is subscribed 2.03 times as of 2nd November. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 1.65 Times
Non-Institutional Maximum 15% 0.21 Times
Retail Individual Maximum 10% 5.92 Times
Employee Upto 3 Crore Rs 0.93 Times
Total   2.03 Times

 

 

Allotment Details

Find below the dates for Fino Payments Bank IPO:

Schedule Date
Basis of Allotment 9 November 2021
Refunds 10 November 2021
Credit to Demat Account 11 November 2021
IPO Listing Date 12 November 2021

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Other Income 351.97 673.27 770.77 973.23 1135.05
Profit Before Tax -62.38 -32.04 20.47 42.74 65.09
Net Profit -62.38 -32.04 20.47 42.74 65.09
Adjusted EPS (Rs.) -13.99 -7.19 2.62 5.14 7.82
Net Sales 19.15 18.13 20.25 35.63 94.86

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 44.58 44.58 44.58 83.21 83.21
Total Reserves 117.53 85.49 105.97 393.43 458.52
Borrowings 82.9 110.79 180.8 249.65 434.06
Total Liabilities 684.07 624 1010.29 1680 2466.4
Investments 73.2 128.27 503.56 631.4 1146.43
Net Block 41.88 49.05 62.41 92.29 139.43
Assets
Total Assets 684.07 624 1010.29 1680 2466.4
Current Assets 0 0 0 0 0
Capital WIP 0.35 0.44 1.81 0.46 5.48
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Interest Earned 25.27 29.4 32.97 36.53 39.15
Other Income 288.83 294.03 315.34 322.05 331.05
Interest Expended 13.58 14.3 15.45 18.87 21.59
Operating Expenses 281.42 287.05 314.16 319.63 325.81
Total Provisions 0 0 0 0.56 0
Profit Before Tax 19.1 22.08 18.7 19.52 22.8
Tax 0 0 0 0 0
Net Profit 19.1 22.08 18.7 19.52 22.8
Net NPA % 0 0 0 0 0
Gross NPA % 0 0 0 0 0
Return on Assets % 0.81 0.9 0.66 0.66 0.73
NPM % 75.58 75.1 56.72 53.44 58.24

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 75 0
Sep 2023 75 0
Jun 2023 75 0
Mar 2023 75 0
Dec 2022 75 0
* Figures given above are % of equity capital
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