Is it good to apply for Fino Bank IPO?

“At the higher end of the price band, the stock would be trading at P/E of 220x FY2021 fully diluted EPS of Rs 2.6 which is expensive. Despite strong growth prospects, we believe that valuations do not justify the premium and hence we have a ‘neutral’ recommendation to the IPO,” ICICI Direct said.

Should I invest in Fino payments bank?

According to stock market experts, Fino Payments Bank is a fast growing fintech firm and one can keep this stock in one’s portfolio for long-term. They advised long-term investors to buy the counter at around 10 per cent below its upper price band and keep on accumulating for next 10 per cent lower levels.

How do I apply for Fino payment Bank IPO?

Steps to apply in Fino Payments Bank IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ‘Fino Payments Bank IPO’ row and click the ‘Bid’ button. Enter your UPI ID, Quantity, and Price.

What is Fino GMP IPO?

The IPO price band is fixed at ₹560 to ₹577. The Fino Payments Bank IPO to list on NSE and BSE. What is Fino Payments Bank IPO GMP Today?…Fino Payments Bank IPO Date & Price Band.

IPO Open:	29 October 2021
Face Value:	₹10 Per Equity Share
Price Band:	₹560 to ₹577 Per Share
Listing on:	BSE & NSE
Retail Quota:	10\%

What is Fino payment bank?

Fino Payments Bank is the Digital Banking Partner for millions of hardworking Indians. Hamesha. We are present in 90\% of India’s districts with over 724671 banking outlets, 54 Bank Branches and 130 Customer Service Points.

Who introduced Paytm?

Vijay Shekhar Sharma
Vijay Shekhar Sharma, Founder & CEO of Paytm and One97 Communications Limited together own Paytm Payments Bank, country’s largest digital bank with over 58 million account holders.

Who is the owner of Fino payment bank?

Rishi Gupta (Feb 23, 2015–)
FINO PayTech/CEO