Fino Payments Bank : There is good news for those investing in IPO. The IPO of Fino Payments Bank Ltd will open for subscription on 29 October and close on 2 November. Under this IPO, new shares worth Rs 300 crore will be issued. In addition, Fino Paytech Ltd will sell 1.56 crore equity shares under offer for sale (OFS). Presently, Fino Paytech holds 100% stake in the firm. The firm plans to list on the exchanges on November 12. Explain that Fino Payment Bank has investments from major investors like Blackstone, ICICI Group, Bharat Petroleum and IFC. Axis Capital, CLSA Capital, ICICI Securities and Nomura Financial advisory and Securities are the Book Running Lead Managers of this issue.
Paytm IPO: SEBI approves Paytm’s Rs 16,600 crore IPO, will be the biggest primary issue ever in the country
What will the company do with the IPO funds?
The proceeds from this IPO will be used to meet future capital requirements. Under this, the Tier I capital base of the company will be increased. The company’s Tier 1 capital ratio was 56.25% in FY21.
Nykaa IPO: Great opportunity to invest money in a company selling beauty products, new shares worth Rs 630 crore will be issued, shares reached premium price in gray market
Know about the company
It is a growing fintech company offering a wide variety of financial products and services. The focus of this company is mainly on digital and payment related services. About 43.49 crore transactions were done through this platform till March 2021. The total value of all these transactions was Rs 1.33 lakh crore. Talking about the financial performance of the company, its total income in the financial year 2021 was Rs 791.03 crore. Which was at Rs 691.40 crore last year. The company’s profit during this period was Rs 20.47 crore.
Get Business News ,, latest India News ,, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.