Here’s how to check Fino Payments Bank IPO allotment status, listing date and more

• Fino Payments Bank is likely to announce its share allotment status today.
• The company claims to be the first profitable player in the payments bank space to hit the Indian stock market.
• The IPO of the company was subscribed 2.03 times on the last day of bidding.

Navi Mumbai-based fintech company Fino Payments Bank is likely to announce the allotment status of its initial public offering (IPO) today, November 9.

The IPO was open for subscription from October 29 to November 1 with a price band of ₹560 - 577 per share. Fino is looking to raise ₹1,200 crore through public listing including ₹900 crore through an offer for sale of 1.56 crore shares and ₹300 fresh issue of 52 lakh shares. The price band of the IPO is set at ₹560-577 per share.

The company received good demand from investors, who have oversubscribed the IPO by 2.03 times. The portion reserved for retail investors was oversubscribed by 5.92 times on the last day of the IPO bidding process.

However, demand from non-institutional investors was not that good as the portion reserved for non-institutional investors was subscribed just 0.21 times.

The company claims to be the first profitable player in the payments bank space to hit the Indian stock market. Paytm is another payments bank firm in line to get listed soon.

Here is how to Fino Payments Bank IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘Fino Payments Bank’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Fino Payments Bank’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.
  

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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