IPO Alert: Fino Payments Bank Limited
Incorporated in 2007, Fino Bank is a growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus. The Bank offers products and services to their target market via a pan-India distribution network and proprietary technologies, and have grown their operational presence to cover over 90% of districts.
|Bid/Offer Opens On||Friday, 29-Oct-21|
|Bid/Offer Closes On||Tuesday, 02-Nov-21|
|Price Band||Rs. 560 - Rs. 577 per equity share|
|Lot Size||25 Shares|
The below table has important dates with respect to the IPO allotment and listing.
|Finalization of Basis of Allotment||09-Nov-21|
|Initiation of Refunds||10-Nov-21|
|Credit of Shares to Demat Acct||11-Nov-21|
|IPO Shares Listing Date||12-Nov-21|
|UPI mandate expiry date||16-Nov-21|
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.