Fino Payments IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
Fino-Payments-IPO-Subscription

Fino Payments IPO Subscription Status: FINAL

Fino Payments Bank Limited, incorporated in 2017, is a growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus. Their products and services include various current accounts and savings accounts (“CASA”), issuance of debit card and related transactions, facilitating domestic remittances, open banking functionality (via Application Programming Interface (“API”)), withdrawing and depositing cash (via micro-ATM or Aadhaar Enabled Payment System “AePS”) and cash management services (“CMS”).

Investor CategoryQuotaSubscription
Institutional (QIB)75%1.65x
Non-Insti. (HNI)15%0.21x
Retail (RII)10%5.92x
Shareholder0.93x
Total Subscription100%2.03x

Fino Payments IPO Subscription: Analyst Recommendations

CHOICE BROKING – SUBSCRIBE WITH CAUTION [ Report ]

“At the higher price band of Rs577, FPBL’s demanding valuation is stood at Rs4,801 cr. Post issue book value per share is calculated at Rs58.5 translating to P/BV of 9.9x at higher price band which looks very expensive. There are no listed peer in the market with same business profile”

NIRMAL BANG SECURITIES – NEUTRAL

“Having demonstrated profitability during FY21 and scope for further improvement in ROE via operating leverage, we believe Fino is reasonably valued and offers good prospects for appreciation in future,”

RELIANCE SECURITIES – SUBSCRIBE WITH CAUTION

“FPBL is poised to see a healthy business opportunity in subsequent years in the backdrop of strong digital platform and resources built in the last couple of years. However, we believe current valuations do not leave much on the table for investors in the medium-term perspective,”

Fino Payments IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.00x0.00x 1.65x
HNI 0.05x 0.10x 0.21x
Retail 2.73x 4.65x 5.92x
Employee 0.25x 0.56x 0.93x
Total 0.51x 0.87x2.03x

Fino Payments IPO Subscription: Key IPO Details

TypeValue
Issue Size₹1,200.29 Cr
Open Date29/10/2021
Close Date2/11/2021
Face Value₹10/- per Equity Share
IPO Price₹560 – ₹577
Lot Size 25 shares
LotsMin 1 – Max 13

Fino Payments IPO Subscription: Financials

201920202021 Mar2021 June
Revenue from Ops₹371.12 Cr₹691.40 Cr₹791.03 Cr₹206.24 Cr
Net Profit₹(62.38) Cr₹(32.04) Cr₹20.48 Cr₹3.13 Cr
Loss Brought Forward₹(224.6) Cr₹(286.9) Cr₹(318.9) Cr₹(303.6) Cr
Profit after Tax₹(286.9) Cr₹(318.9) Cr₹(298.5) Cr₹(300.5) Cr
EPS (Basic)(8.00)(4.11)2.620.40
₹ in Crores, except EPS

EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS(1.39)
* Weighted Average for last 3 years

Fino Payments IPO: Comparison with listed industry peers

As per RHP, there are no listed companies in India whose business portfolio is comparable with that of Fino Payment’s business and comparable to the scale of its operations.

Fino Payments IPO Subscription – FAQs

1. How to apply for Fino Payments IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Fino Payments IPO in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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