Fino Payments Bank IPO share allotment today; know how to check status on BSE, KFin Tech

Fino Payments Bank IPO share allotment will take place on Thursday (November 11, 2021), while listing on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will be done the next day, as per discount broker Upstox. The refund initiation date has been fixed as November 10, as per the broker.  

Earlier, Fino Payments Bank IPO was subscribed 2.03 times on the last day of subscription on November 2. The Rs 1,200.3-crore IPO received bids for 2,32,46,150 shares against 1,14,64,664 shares on offer, as per the NSE consolidated bidding details. The category for Qualified Institutional Buyers (QIBs) was subscribed 1.65 times, while that for non-institutional investors was subscribed 21 per cent and Retail Individual Investors (RIIs) 5.92 times. 

See Zee Business Live TV Streaming Below:

Fino Payments Bank, a fully-owned subsidiary of Fino Paytech, has fixed the price band for the issue at Rs 560-577 per share.  Investors were allowed to make bid for a minimum of 25 equity shares and in multiples of 25 thereafter for Fino Payments Bank IPO.  

Fino Payments Bank, a digital-backed lender, aims to raise Rs 1,200 crore from the issue. The issue comprises fresh equity shares worth Rs 300 crore and an offer for sale (OFS) of 15,602,999 equity shares by promoter Fino Paytech. 

Post listing strategy  

Zee Business Managing Editor Anil Singhvi had earlier recommended to apply for the issue with long term objective.   

Those who want to check share allotment can do it by two methods—one by visiting the registrar's website and another through BSE official website.  

Fino Payments Bank IPO share allotment status on KFin Technologies Private Limited 

Step 1 Go to the link https://kosmic.kfintech.com/ipostatus/

Step 2 Select IPO, which is Fino Payments Bank in this case 

Step 3 You can proceed by clicking on one of the three options—Application number/ DP ID or Client ID and PAN number 

Step 4 On selecting, application number, next enter application type (ASBA/NON ASBA) and application number. Alternatively, you can click on DPID/Client ID and PAN number options too 

Step 5 Enter Captcha and click on Submit 

Fino Payments Bank share allotment status check on BSE-  

Step 1- Go to bseindia.com/investors/appli_check.aspx  

Step 2- Select Fino Payments Bank IPO  

Step 3- Enter your Fino Payments Bank IPO application number  

Step 4- Enter your PAN card details  

Step 5 - Click at 'I'm not a robot'  

Step 6 - Click at 'Submit' button  

Company details  

Incorporated in 2007, Fino Payments Bank is a growing fintech company offering a diverse range of financial products and services that are primarily digital and have payments focus. The company is wholly-owned subsidiary of Fino Paytech. Fino Payments Bank or FPBL is a scheduled commercial bank serving the emerging Indian market with its digital-based financial services. Fino Paytech is backed by investors like Blackstone, ICICI Group, Bharat Petroleum and International Finance Corporation (IFC).