Fino Payments Bank IPO Shares Allotment: Finalisation today - Here is how to check status online through BSE link

Fino Payments Bank IPO: The initial public offer of Fino Payments Bank was subscribed 2.03 times on the last day of subscription. The Rs 1,200.3-crore IPO received bids for 2,32,46,150 shares against 1,14,64,664 shares on offer, according to data available with the NSE. Fino Payments Bank IPO allotment finalisation is likely to happen today. Here is all you need to know about Fino Payments Bank IPO Allotment Date, Status Check Online on BSE, Listing Date and more:-

Fino Payments Bank IPO Allotment Date: Allotment finalisation may take place on 9th November

How to check Fino Payments Bank IPO online at BSE:-
 
Step 1- Login at BSE link — 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
 
You will get to know the Fino Payments Bank IPO allotment status of your application

Fino Payments Bank IPO Listing Date: Expected to take place on 12th Nov

Fino Payments Bank IPO

-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.

-The initial public offer (IPO) had a fresh issue of up to Rs 300 crore and an offer for sale of up to 1,56,02,999 equity shares.

-The price range for the offer was at Rs 560-577 per share.

- Fino Payments Bank had garnered Rs 539 crore from anchor investors.

-Proceeds from the fresh issue would be used towards augmenting the bank's tier-1 capital base to meet its future capital requirements.

- Axis Capital, CLSA India, ICICI Securities and Nomura Financial Advisory and Securities were the managers of the offer. 

Fino Payments Bank

-Fino Payments Bank or FPBL is a scheduled commercial bank serving the emerging Indian market with its digital-based financial services.'

-The company is a fully-owned subsidiary of Fino Paytech, a pioneer in technology-enabled financial inclusion solutions.

- Fino Paytech is backed by investors like Blackstone, ICICI Group, Bharat Petroleum and International Finance Corporation (IFC).