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Upcoming IPO, Fino Payments Bank Ltd IPO Details

Upcoming IPO, Fino Payments Bank Ltd IPO Details

Author: Libord Brokerage Pvt. Ltd Posted on 26 Oct 2021 11:47:44Comments0

Category : ipo news

Fino Payments Bank Ltd IPO Details:

Fino Payments Bank Ltd. has announced public offering of 20802307 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 567.00 per share. The gross proceeds of the issue are expected to be Rs 1,20,029.31 lakhs.

The company's initial public offer (IPO) will open on 29 October 2021 and is expected to close on 02 November 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 560.00-577.00 per share.

The IPO includes a fresh Issue of 20802307 Equity Shares of the Company at an price of Rs 577.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 25 shares with bids in multiples of 25.

Fino Payments Bank Ltd. anticipates using the proceeds of the issue for .

CLSA INDIA LTD,Axis Capital Ltd,Nomura Financial Advisory & Securities (I) P Ltd.,ICICI Securities Ltd as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.

If the Fino Payments Bank Ltd IPO is something that you’re looking to invest in come 29 October 2021, it would be a good idea to start the demat account opening process right away. Contact Libord Broking now to open demat account online within minutes.

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Libord Broking is one of the leading retail broking houses in India in terms of to trading on NSE/BSE. Libord Broking is a technology-led financial services company providing broking, merchant banking, advisory services, margin funding, Valuation of equity shares, distribution of mutual fund products to its clients under the brand of “Libord”. for more details, call on 022 62782900 / 60 and send mail to inquiry@libord.com

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