FINO PAYMENTS BANK IPO
Fino Payments Bank was incorporated on 4th April 2017 is a Digital Banking Partner that understands the needs and expectations of the consumers from a bank. Fino continuously endeavors to provide the consumer with an unmatched banking experience, through their products & services that can easily be accessed anytime, anywhere.
?Fino currently has 54 Bank Branches and 143 Customer Service Points and is invested in by ICICI Bank, BPCL, Blackstone etc...IFC Fino Payments Bank has an enviable financial and distribution track record.?
Fino Payments bank operates an asset light business model called “PHYGITAL DELIVERY MODEL” wherein each Banking Outlet (merchant) serves the banking and financial needs of its community. ?
?Usage of technology and analytics on the data enhances the merchant’s ability to offer the right products to consumers. Through the “phygital” delivery model the merchants of Fino payments bank on-board?their customers and facilitate transactions.
IPO Opening and Closing Date: October - December 2021
Issue type - Book Building Issue
Face value - Rs. 10 per share
Listing @ BSE, NSE