Fino Payment Bank IPO, Should you apply?

The IPO of Fino Payments Bank opens on October 29. The lender has fixed a price band of ₹560-577 a share for its initial public offering, which concludes on November 2. The ₹1,200-crore initial public offer (IPO) includes a fresh issue of equity shares worth ₹300 crore and an offer for sale (OFS) of 15,602,999 equity shares by the promoter Fino Paytech. Know how is the business model of this company.