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Fino Payments Bank

Fino Payments Bank

listed
₹14,000Min. investment
  1. Bid start
    29 Oct
  2. Bid end
    2 Nov
  3. Allotment
    31 Oct
  4. Release of funds
    10 Nov
  5. Demat transfer
    9 Nov
  6. Listing
    12 Nov

Fino Payments Bank IPO Details

Price range₹560 – ₹577
IPO type
Regular
Lot size25 shares
Issue size₹1,200Cr
RHP/DRHP
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Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily
Incorporated in 2007, Fino Payments Bank is a growing fintech company. It offers a broad portfolio of digital financial services to its customers, including current and savings accounts, debit and credit cards, domestic remittances, insurance, loans, and cash management services.
The company is a wholly-owned subsidiary of Fino Paytech. It is backed by a strong set of investors, including Blackstone, ICICI Group, Bharat Petroleum, International Finance Corporation, and Exide Life, among others. In 2020, the company was ranked third among banks in facilitating digital transactions, according to the Ministry of Electronics and Information Technology.
Reasons for going public
  • Augmenting Tier-1 capital
Below is the consolidated financial information of the company for the last three years:
ParticularsFY21FY20FY19
Strengths
  • Offers a wide array of financial products and services, such as opening a digital savings account, issuing debit and credit cards, loans, insurances, bill payments, and recharges.
  • Only payments bank in India to offer subscription-based savings account
  • Adopted a merchant-led model and capital light business strategy
  • A tech-focused business model with significant investments in creating technology infrastructure 
  • Largest network of micro-ATMs with 55% of the market share
  • Has a merchant network of 6.41 lakh as of 31st March 2021
Risks
  • Intense competition in the industry
  • Stringent regulations and prudential norms
  • May face cyber threats attempting to exploit network
  • Dependence on merchants and strategic commercial partnerships
  • Inability to secure financing in an acceptable and timely manner
  • The dominance of cash in financial transactions
  • Technology failures
Opportunities
  • There are around 12 million kirana stores in India. These merchants provide massive potential for fintech companies and payment banks to grow.
  • Higher mobile penetration, improved connectivity and cheap data plans are expected to contribute immensely to the growth of this industry. Experts believe India will shift from a cash-dominated economy to a digital one. 
  • CRISIL has forecasted retail digital payments to grow at a Compound Annual Growth Rate (CAGR) of 34% between FY20 and FY25.
  • The increasing e-commerce spending by consumers is paving the way for a massive spike in digital transactions. 
  • Factors such as favourable demographics, low-cost infrastructure, government initiatives, and changing customer expectations are driving the growth of fintech companies in India.

Frequently asked questions

How to invest in the Fino Payments Bank ?

Investors can apply for the Fino Payments Bank through their Demat account via the stock exchange or through their broker.

What is the issue size of Fino Payments Bank ?

The issue size of the Fino Payments Bank is 1200 Cr.

What is 'pre-apply' for Fino Payments Bank ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Fino Payments Bank shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.