Fino Payment Bank Share Price Target 2022 , 2023 , 2024 , 2025 , 2030

Fino Payment Bank Share Price Target At the high end of the range, according to Angel One analyst Jyoti Roy, the shares will trade at 220 times earnings per share (PE) with earnings per share (EPS) of Rs 2.6 in fiscal 2021, which is expensive. … Leading, Reliance Securities analyst Vikas Jain said the IPO was valued at 31.9 times its book value in FY11, which appears to be a stretch.

Investors submitted bids in multiples of 25 shares. Vishal Balabhadruni, BFSI Analyst, Capitalvia Global Research, says short-term investors should give up if the listing gives good returns. The employees also gave only 93 per cent of their quota. Saurab Joshi, an analyst at Marwari Shares and Finance, who advised on the underwriting of the issue, said the listing was lower than expected.

These shares made their debut at a price of Rs 548, which is 5% lower than the placement price of BSE.

These securities are quoted at Rs 544.35 per share on National Stock Exchange (NSE), which is 5.66% below the issue price of Rs 577.00, and opening price on BSE is Rs 548.00, which is 5.03% below the issue price . … The price range of the IPO is Rs 560-577 per share, out of which the price is Rs 544.

According to the National Stock Exchange (NSE), 2,32,46,150 shares were issued during the IPO, while there were 1,14,64,664 shares in the offer.

Of this, Rs 3 billion was raised by the company in the form of newly issued bonds and the remaining Rs. 9 billion was raised through offer of sale 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 crore by selling its shares for Rs 560-577 on Main Street. The lender raised Rs 1,200.29 crore by selling its shares for Rs 560. 577 each.

Fino Payments Bank is listed on BSE at Rs 548 each, with a 5% discount on the issue price of Rs 577 on its twice subscribed initial public offering (IPO).

Up Payments Bank is listed on the National Stock Exchange (NSE) at a discount of over 5% against the IPO price of Rs 577 per share at Rs 544 per share.

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.

The IPO of Fino Payments Bank was a combination of fresh issue of up to Rs 300 crore and offer for sale of 1.56 million shares. The issue consists of an offer for sale (OFS) of Rs 300 crore fresh shares and 15,602,999 shares of promoter Fino Petek.

The IPO of Fino Paytech Ltd will offer unlisted shares/shares of Fino Paytech Ltd, which will be listed subsequently. The company is the country’s largest trading correspondent, which has played in favor of the share price of Fino Petec Limited on the OTC stock exchange.

The company also strives to be the best bank for the customers by providing the simplest and cheapest financial services to enhance their wealth.

The company owned by Fino Petek 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 customers in the Indian market and was the first payments bank to go public.

Fino is a professionally managed company that is the parent company of payments bank Fino, which was established with the aim of encouraging nation-building by ensuring the financial security of every citizen.

The Banking business of the Company is 100% backed by its subsidiary Bank Fino Payments, and the lending business is carried on through the NBFC Fino Finance Private Limited.

The group includes a bank that provides services such as checking and savings accounts, money transfers, correspondent banking, mobile banking, bill payments and third party financial products delivery. The company seeks to reach India’s population with limited financial knowledge and digital technology and often lack access to basic banking services.

He added that while the company is not a fintech company, it generates over 95% of its revenue through fees and commissions, and that future growth is primarily due to the potential for additional digital payments when sharing wallets in the country. depends on.

“Fino Payments made its later debut, falling short of our expectations, and I expect the company to continue to remain under pressure due to pricing, competition and regulatory issues after listing.

However, if the company’s business is performing well and therefore there is always a demand for an unlisted position, investors can easily liquidate their unlisted shares in Fino Petec Ltd in the unlisted market, even if there is no Do not have an initial public offering.

The unlisted shares of Fino Petec Ltd are credited to the demat account on the same day the funds are transferred to the bank account of our company. We will transfer funds to your bank account within 24 hours of receiving the unlisted shares of Fino Petec Ltd. 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 shares to buy and sell. You can use Stockopedia’s 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 the unlisted stocks, and secondly, you can see the historical charts and prices of all the stocks in one place Can register on UnlistedZone.live platform. one place. Investors can place bets on a minimum of 25 shares, followed by 25 shares. A retail investor can apply to buy up to 13 lots (325 shares or 187,525).

Users can invest in all supported banks in one go through SIP or by using internet banking. Stock brokers accept securities from clients as margin only gf. can be accepted as collateral in

Receive transaction details on your mobile phone/email directly from the Exchange at the end of the day… Issued for the benefit of investors. Prevent unauthorized transactions in your account for stock brokerage operations -> Update your mobile phone number / email ID with your stockbrokers.

In addition, you are also required to share your knowledge or evidence of systematic violation, potential fraud or unethical behavior through an anonymous portal made available on the BSE and NSE website.

The net proceeds from the fresh issue will be used to augment the Tier 1 capital base of the Bank to meet future capital requirements. The gains from the new supply will increase the Tier 1 capital base to meet future capital requirements.

Since 2008, FINO has represented several bank partners and provided loans to JLG under its own account. Companies include checking and savings accounts (CASAs), debit cards, national remittances, open banking options, cash deposits and withdrawals, and cash management services. to suggest

The company’s sales personnel help them sell other financial products and services, such as third party gold loans, insurance, bill payments and account top-ups.

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