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

Fino Payments Bank Ltd. 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

₹ 329.65

Current Return

-42.87%

Fino Payments Bank Ltd. News

Fino Payments Bank - Quaterly Results23 Oct, 4:10PM Fino Payments Bank - Quaterly Results23 Oct, 4:10PM Fino Payments Bank - Quaterly Results23 Oct, 4:10PM Fino Payments Bank informs about disclosure18 Sep, 5:22PM Fino Payments Bank informs about investors meeting 14 Sep, 11:13AM Fino Payments Bank informs about newspaper advertisement30 Aug, 3:19PM Fino Payments Bank - Quaterly Results31 Jul, 4:51PM Fino Payments Bank - Quaterly Results31 Jul, 4:51PM Fino Payments Bank - Quaterly Results31 Jul, 4:51PM Fino Payments Bank informs about conference call24 Jul, 4:33PM Fino Payments Bank informs about analyst meet 11 Jun, 12:52PM Fino Payments Bank informs about analyst meet5 Jun, 5:03PM Fino Payments Bank informs about outcome of board meeting30 Apr, 5:55PM Fino Payments Bank reports 14% rise in Q4 net profit30 Apr, 4:30PM Fino Payments Bank - Quaterly Results30 Apr, 2:50PM Fino Payments Bank - Quaterly Results30 Apr, 2:50PM Fino Payments Bank - Quaterly Results30 Apr, 2:50PM Fino Payments Bank informs about press release8 Mar, 4:09PM Fino Payments Bank informs about analyst meet23 Feb, 2:30PM Fino Payments Bank informs about press release31 Jan, 5:32PM

IPO Analysis Video

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Company Financials

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

Exchange

NSE: FINOPB BSE: 543386

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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

 

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 18.13 20.25 35.63 94.86 150.05
Total Expenditure 723.43 770.55 966.11 1164.83 1392.08
Operating Profit -705.3 -750.3 -930.49 -1069.96 -1242.03
Other Income 673.27 770.77 973.23 1135.05 1328.34
Interest 9.87 9.54 15.31 47.37 78.9
Depreciation 23.57 53.58 35.45 41.85 53.45
Exceptional Items 0 0 0 0 0
Profit Before Tax -32.04 20.47 42.74 65.09 86.3
Provision for Tax 0 0 0 0 0.08
Net Profit -32.04 20.47 42.74 65.09 86.22
Adjusted EPS (Rs.) -0.41 0.26 0.51 0.78 1.04

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 44.58 44.58 83.21 83.21 83.21
Total Reserves 85.49 105.97 396.62 469.33 559.95
Borrowings 0 0 0 0 0
Other N/C liabilities 0 0 0 0 0
Current liabilities 0 0 0 0 0
Total Liabilities 624 1010.29 1680 2466.4 3419.11
Assets
Net Block 49.05 62.41 92.29 139.43 147.91
Capital WIP 0.44 1.81 0.46 5.48 47.33
Intangible WIP 0 0 0 0 0
Investments 128.27 503.56 631.4 1146.43 1746.93
Loans & Advances 0 0 0 0 0
Other N/C Assets 446.24 442.52 955.86 1175.06 1476.94
Current Assets 0 0 0 0 0
Total Assets 624 1010.29 1680 2466.4 3419.11
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 322.05 331.05 359.9 391.53 407.66
Profit Before Tax 19.52 22.8 25.29 24.27 25.93
Tax 0 0 0.08 0 4.78
Profit After Tax 19.52 22.8 25.21 24.27 21.15
Adjusted EPS (Rs) 2.35 2.74 3.03 2.92 2.54

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 75 0
Jun 2024 75 0
Mar 2024 75 0
Dec 2023 75 0
Sep 2023 75 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -32.04 20.47 42.74 65.09 86.3
Adjustment 27.56 61.03 42.71 53.02 63.28
Changes in Assets & Liabilities -86.02 -123.24 129.52 -141.69 -90.47
Tax Paid 6.83 9.51 -7.53 3.49 -2.32
Operating Cash Flow -83.67 -32.22 207.44 -20.1 56.78
Investing Cash Flow -30.54 -68.95 -64.31 -96.53 -103.76
Financing Cash Flow 27.89 70.01 352.22 184.41 278.59
Net Cash Flow -86.33 -31.16 495.35 67.78 231.61
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