IPO: Another earning opportunity is coming, invest only Rs 14000 on October 29, you can get great profit

Fino Payments Bank IPO: If you are also planning to earn money by investing in the market, then soon this week you are going to get a great opportunity, through which you can get great returns in a few days. Let us tell you that this year investors have made strong earnings from the IPO market. So far more than 30 IPOs have been listed in the market this year. Fino Payments Bank is also coming soon with its IPO.

Know some important things about IPO-

• The IPO of Fino Payment Bank will be open for subscription from October 29 to November 2.
• In this you have to invest a minimum of Rs 14,000.
• Investors will get 25 shares in one lot.
• The company has fixed the price band of the shares from 560 to 577.

The company will raise Rs 1200 crore
The company will raise Rs 1200 crore through the IPO of Fino Payments Bank. In this, new shares worth Rs 300 crore will be issued. At the same time, there will be an offer fall sale (OFS) of 15,602,999 equity shares by promoter Fino Petek.

75% share will be from Qualified Institutional Buyers
Let us tell you that 75 percent of the IPO has been earmarked for qualified institutional buyers and 10 percent for retail investors. Rishi Gupta, Managing Director and Chief Executive, Fino Payments Bank said on Tuesday that we do not believe in giving free gifts. We are in profit for more than a year.

Listing will be on 12th November
The company’s shares will be listed in the market on November 12, that is, you will have to invest money for 10 days. If you want to exit with a small profit at the time of listing in the market, then you can exit. At the same time, if you want to hold then you can do that too.

Know about the company
Talking about the financial performance of the company, the total income in the financial year 2021 was Rs 791.03 crore. Apart from this, the company’s income was Rs 691.40 crore last year. At the same time, the company’s profit during this period was Rs 20.47 crore. No Payment Bank is a fintech company that provides a variety of financial services to its customers.

Who are Lead Managers
The bank has 54 branches, 130 customer service points and around 17,430 banking correspondents. Apart from this, in terms of lead managers, Axis Capital, CLSA, ICICI Securities and Nomura Financial Advisory are the book running lead managers for the IPO.

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