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 OnFriday, 29-Oct-21
Bid/Offer Closes OnTuesday, 02-Nov-21
Price BandRs. 560 - Rs. 577 per equity share
Lot Size25 Shares

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The below table has important dates with respect to the IPO allotment and listing.

Finalization of Basis of Allotment09-Nov-21
Initiation of Refunds10-Nov-21
Credit of Shares to Demat Acct11-Nov-21
IPO Shares Listing Date12-Nov-21
UPI mandate expiry date16-Nov-21

How to Check Allotment Status

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.

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