Ticker > IPO > New Listed IPO > Fino Payments Bank Ltd.

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
View
DRHP
View
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

₹ 294.35

Current Return

-48.99%

News

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 Fino Payments Bank - Quaterly Results31 Jan, 2:44PM Fino Payments Bank - Quaterly Results31 Jan, 2:44PM Fino Payments Bank - Quaterly Results31 Jan, 2:44PM Fino Payments Bank to increase touchpoints in West Bengal, North East15 Jan, 6:13PM Fino Payments Bank informs about appointment of part-time chairman25 Nov, 12:41PM Fino Payments Bank informs about analyst meet 20 Nov, 12:37PM Fino Payments Bank reports 41% rise in Q2 net profit2 Nov, 3:18PM Fino Payments Bank informs about press release2 Nov, 2:27PM Fino Payments Bank informs about outcome of board meeting1 Nov, 5:08PM Fino Payments Bank - Quaterly Results1 Nov, 4:36PM Fino Payments Bank - Quaterly Results1 Nov, 4:36PM Fino Payments Bank - Quaterly Results1 Nov, 4:36PM Fino Payments Bank informs about investor presentation28 Jul, 5:19PM Fino Payments Bank - Quaterly Results28 Jul, 4:20PM Fino Payments Bank - Quaterly Results28 Jul, 4:20PM Fino Payments Bank - Quaterly Results28 Jul, 4:20PM Fino Payments Bank looking to upgrade to small finance bank21 Jul, 11:07AM

IPO Analysis Video

Watch this video to get all the information you need to make a rational decision.

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

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
Net Sales 19.15 18.13 20.25 35.63 94.86
Total Expenditure 433.51 723.43 770.55 966.11 1164.83
Operating Profit -414.35 -705.3 -750.3 -930.49 -1069.96
Other Income 351.97 673.27 770.77 973.23 1135.05
Interest 5.53 9.87 9.54 15.31 47.37
Depreciation 18.26 23.57 53.58 35.45 41.85
Exceptional Items 0 0 0 0 0
Profit Before Tax -62.38 -32.04 20.47 42.74 65.09
Provision for Tax 0 0 0 0 0
Net Profit -62.38 -32.04 20.47 42.74 65.09
Adjusted EPS (Rs.) -0.8 -0.41 0.26 0.51 0.78

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 85.49 105.97 396.62 469.33
Borrowings 0 0 0 0 0
Other N/C liabilities 0 0 0 0 0
Current liabilities 0 0 0 0 0
Total Liabilities 684.07 624 1010.29 1680 2466.4
Assets
Net Block 41.88 49.05 62.41 92.29 139.43
Capital WIP 0.35 0.44 1.81 0.46 5.48
Intangible WIP 0 0 0 0 0
Investments 73.2 128.27 503.56 631.4 1146.43
Loans & Advances 0 0 0 0 0
Other N/C Assets 568.64 446.24 442.52 955.86 1175.06
Current Assets 0 0 0 0 0
Total Assets 684.07 624 1010.29 1680 2466.4
* 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
Other Income 288.83 294.03 315.34 322.05 331.05
Profit Before Tax 19.1 22.08 18.7 19.52 22.8
Tax 0 0 0 0 0
Profit After Tax 19.1 22.08 18.7 19.52 22.8
Adjusted EPS (Rs) 2.3 2.65 2.25 2.35 2.74

Share Holding Pattern

Promoter Pledging %

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

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -62.38 -32.04 20.47 42.74 65.09
Adjustment 22.05 27.56 61.03 42.71 53.02
Changes in Assets & Liabilities 63.63 -86.02 -123.24 129.52 -141.69
Tax Paid 5.35 6.83 9.51 -7.53 3.49
Operating Cash Flow 28.64 -83.67 -32.22 207.44 -20.1
Investing Cash Flow -13.62 -30.54 -68.95 -64.31 -96.53
Financing Cash Flow 34.97 27.89 70.01 352.22 184.41
Net Cash Flow 49.98 -86.33 -31.16 495.35 67.78
X