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