Fino Payments Bank IPO GMP Today, Live IPO Grey Market Premium 2021

Fino Payments Bank IPO GMP is very attractive to date. Here in the below tables, you can check Fino Payments Bank IPO GMP, Kostak, and Subject rates. Grey Market premium for Ami Fino Payments Bank is around ₹.

Fino Payments Bank IPO will hit the market soon, and you can apply for the IPO from 28th October to 1st November 2021. Fino Payments Bank is planning to raise ₹1,200.29 Crores through an IPO which consists of a fresh issue of ₹300 Crores worth equity and OFS (Offer For Sale) of ₹900.29 Crores by existing shareholders. 

Fino Payments Bank is a leading fintech company incorporated in 2017. They have a wide portfolio of digital financial services and products across India. Consumers in India have access to 6 lakh+ banking outlets, 50+ branches, and 140 service outlets to open current and savings accounts, and avail services like loans, pay, and insurance. Check IPO GMP for other IPOs here.

Latest Fino Payments Bank IPO GMP- 

Fino Payments Bank IPO GMP table is updated every day to give you the exact grey market premium for Fino Payments Bank IPO.

DateIPO GMP Kostak RatesSubject to Sauda
31/10/2021
30/10/2021
29/10/2021
28/10/2021
27/10/2021
26/10/2021

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Fino Payments Bank IPO

Should you subscribe to Fino Payments Bank IPO?

We have researched and mentioned the strengths and risks of the Fino Payments Bank IPO. The final verdict will help you make the right decision.

Strength – 

  • Unique DTP(Distribution, Technology, Partnership) operation helps to provide a smooth experience to customers.
  • Using DTP, Fino Payments Bank is able to target the correct market.  
  • The majority of the revenue comes from fees charged for these products or services. 
  • Customer centric business model.

Risks – 

  • Paytm is their biggest competitor. 
  • In 2021, Fino Payments bank achieved profitability for the first time. Before that they were continuously in losses.

Honest Reviews – 

Through its unique DTP model, the company plans to make a good customer acquisition in the years to come. Fino Payments Bank became the first digital bank listed on NSE and BSE. Paytm is the biggest competitor for them. Fino Payments bank achieved profitability for the first time in 2021 and we will need to see if they are able to maintain this level of profitability in coming years. 

Investors can invest for the listing gains in the Fino Payments bank IPO. It’s early to predict but  Fino Payments bank IPO can give great listing gains by seeing its grey market premium. You can read the details of Fino Payments bank IPO here.

Fino Payments Bank IPO Dates & Price Band:

Open date29th October 2021
Close date2nd November 2021
Total Size of IPO₹1,200.29 Cr.
Fresh Issue 300 Cr.
Offer for Sale₹900.29 Cr
Price Band₹560- ₹577
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion10%

Fino Payments Bank IPO Market Lot:

The minimum market lot of Fino Payments Bank IPO is 25 shares with 14,425 applications. Retail investors can apply for 13 lots with 325 shares application worth187,525.

ApplicationLotSharesCut Off Amount
Minimum (RII)12514,425
Maximum (NII)13325187,525

Fino Payments Bank IPO Allotment & Listing Dates:

Fino Payments Bank IPO’s open date is 29th October and the closing date is 2nd November. Allotment of shares will be done on 9th November and the listing date on NSE & BSE is 12th November 2021.

Allotment Date for Fino Payments Bank – 9th November 2021
Refund Date for Fino Payments Bank – 10th November 2021
Credit of Shares to Demat Account – 11th November 2021
Listing Date for Fino Payments Bank – 12th November 2021

Fino Payments Bank IPO GMP FAQs:


What is the Fino Payments Bank IPO GMP today?

Fino Payments Bank IPO GMP is 620 as of today.

What is the last date to apply for Fino Payments Bank IPO?

1st November 2021 is the last date to apply for Fino Payments Bank IPO.

What is Kostak Rates of Fino Payments Bank IPO today?

Fino Payments Bank IPO Kostak Rates is ₹800 as of today.

Will Fino Payments Bank IPO GMP increase?

It’s too early to say that but we can expect a good premium on Fino Payments Bank IPO.

Can Fino Payments Bank give listing gains?

Investors can invest for the listing gains in the Fino Payments Bank IPO. It’s early to predict but Fino Payments Bank IPO can give great listing gains by seeing its grey market premium. You can keep a track of Fino Payments Bank IPO GMP here.

What is Fino Payments Bank IPO expected returns?

Seeing the current grey market premium for Fino Payments Bank IPO, expected returns are up to 10%.

How to Apply the Fino Payments Bank IPO through Upstox?

Open UPSTOX ACCOUNT. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Fino Payments Bank Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.


Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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