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October 26, 2021
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 |
How to apply via ABMA App | How to apply via Web Platform
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.
