Fino Payment Bank Share Price Target At the high end of the range, shares will trade at 220 times earnings per share (PE), with fully diluted earnings per share (EPS) in fiscal 2021 of Rs 2.6, which is expensive, according to Jyoti Roy, Angel One analyst. … Leading the way, Reliance Securities analyst Vikas Jain said the IPO was valued at 31.9 times its book value in FY21, which appears to be a stretch.
Investors submitted bids in multiples of 25 shares. Short-term investors should leave if they find decent returns after listing, said Vishal Balabhadruni, a BFSI analyst at CapitalVia Global Research. Employees also offered only 93% of their quota. Saurab Joshi, an analyst at Marwadi Shares and Finance who advised on the underwriting of the issue, said the listing was below expectations.
These stocks made their debut at a price of 548 rupees, which is 5% lower than the BSE placement price.
These securities are quoted on the National Stock Exchange (NSE) at 544.35 rupees per share, which is down 5.66% from the issue price of 577.00 rupees, and the opening price on the BSE is 548.00 rupees, down 5.03% from the issue price. … The IPO price range is 560-577 rupees per share, of which the price is 544 rupees.
According to the National Stock Exchange (NSE), 2,32,46,150 shares were issued during the IPO, compared with 1,14,64,664 shares in the offer.
Of this, Rs 3 billion was raised by the company as a newly issued bond, and the remaining Rs. 9 billion was raised through a sale offer from existing stakeholders.
The company will use the newly issued net proceeds to increase its Tier 1 capital base to meet its future capital needs.
“The lender raised Rs 1,200.29 crores on the main street by selling his shares at Rs 560-577 apiece. The lender raised Rs 1,200.29 crore by selling his shares at Rs 560. Rs 577 apiece.
FINO Payments Bank is listed on the BSE at Rs 548 each, at a 5% discount to the Rs 577 issue price on its twice subscribed initial public offering (IPO).
Up Payments banks listed on the National Stock Exchange (NSE) at a discount of over 5% at Rs 544 per share, compared to an IPO price of Rs 577 apiece.
Fino Payment Bank Share Price Target 2022 , 2023 , 2024 , 2025 , 2030
Fino Payments Bank received Rs 1,200 crore from the sale of its shares through an initial public offering (IPO) that ended on November 2.
Fino Payments Bank’s IPO was a combination of a new issue of up to Rs 300 crore and an offer to sell up to 1.56 million shares. The issue includes Rs 300 crore new shares and an offer to sell (OFS) 15,602,999 shares of promoter Fino Paytech.
The IPO of Fino Paytech Ltd will offer non-listed shares / shares of Fino Paytech Limited, which will then be listed. The company is the largest trading correspondent in the country, which has played in favor of the share price of Fino Paytech Ltd on the OTC stock market.
The company also strives to become the best bank for clients by providing the simplest and most affordable financial services to increase their wealth.
The company, owned by Fino PayTech, is primarily concerned with providing digital financial products and services focused on payments. Fino Payments Bank is a commercial bank providing digital financial services to its clients in the Indian market and was the first payment bank to go public.
Fino is a professionally managed company that is the parent company of the payment bank Fino, which was founded with the aim of stimulating nation-building by ensuring the financial security of every citizen.
The company’s banking business is supported by its 100% subsidiary bank Fino Payments, and the lending business is carried out through NBFC Fino Finance Pvt Ltd.
The Group includes a bank that offers services such as checking and savings accounts, money transfers, correspondent banking, mobile banking, bill payment and the distribution of third-party financial products. The company wants to reach a population of India with limited financial knowledge and digital technology and often lacks access to basic banking services.
He added that as long as the company is not a fintech company, it generates more than 95% of its revenue through fees and commissions, and future growth depends primarily on the possibility of additional digital payments when sharing a wallet in the country.
“Fino Payments made its aftermarket debut, falling short of our expectations, and I think that after listing the company may continue to be under pressure due to pricing, competition and regulatory issues.
However, if the company’s business is performing well and therefore there is always a demand for non-listed space, investors can easily liquidate their non-listed shares in Fino Paytech Limited in the non-listed market even if there is no initial public offering.
The unlisted stocks of Fino Paytech Limited are credited to the demat account on the same day that the funds are transferred to our company’s bank account. We will transfer the funds to your bank account within 24 hours after receiving the unlisted shares of Fino Paytech Limited. Please fill in your bank account number and sign the IPO application form to authorize your bank to pay the quota.
Once you have opened your account and transferred funds to it, you can search and select stocks to buy and sell. You can use Stockopedias stock research software to help you find the types of stocks that match your investment strategy and goals.
Firstly, you can join our Telegram channel, where every morning we report the latest prices for all non-listed stocks, and secondly, you can register on the UnlistedZone.live platform to see historical charts and prices of all stocks In one place. a place. Investors can bet on a minimum of 25 shares, followed by 25 shares. One retail investor can apply to buy up to 13 lots (325 shares or 187,525).
Users can invest via SIP or at a time using internet banking at all supported banks. Stockbrokers can accept securities as margin from clients only as collateral in g.f.
Get transaction details straight from the exchange to your mobile phone / email at the end of the day … Released for the benefit of investors. For stock brokerage operations Prevent unauthorized transactions in your account -> Update your mobile phone numbers / email IDs with your stock brokers.
In addition, you are also required to share your knowledge or evidence of systematic violations, potential fraud or unethical behavior through the anonymous portal provided on the BSE and NSE website.
The net proceeds from the new issuance will be used to increase the bank’s Tier 1 capital base to meet future capital needs. The gains from the new supply will increase the Tier 1 capital base to meet future capital needs.
Since 2008, FINO has represented a number of bank partners and provided loans to JLG under its own account. Checking and savings accounts (CASA), debit cards, national remittances, open banking options, cash deposits and withdrawals, and cash management services include companies. Suggest.
The company’s sales staff assist them in cross-selling other financial products and services, such as third-party gold loans, insurance, bill payments, and account top-ups.
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