Nifty 17442.2 (1.55%)
Sensex 58581.74 (1.65%)
Nifty Bank 37262.35 (1.76%)
Nifty IT 35866.65 (1.69%)
Nifty Financial Services 18274.95 (1.64%)
Adani Ports 758.60 (1.87%)
Asian Paints 3104.00 (2.43%)
Axis Bank 697.35 (1.51%)
B P C L 391.20 (0.88%)
Bajaj Auto 3315.90 (0.90%)
Bajaj Finance 7327.35 (3.16%)
Bajaj Finserv 17622.00 (3.00%)
Bharti Airtel 716.15 (2.48%)
Britannia Inds. 3555.75 (2.35%)
Cipla 893.45 (0.47%)
Coal India 150.70 (0.03%)
Divis Lab. 4604.65 (-0.44%)
Dr Reddys Labs 4574.20 (1.18%)
Eicher Motors 2488.95 (0.69%)
Grasim Inds 1717.70 (1.91%)
H D F C 2855.00 (1.33%)
HCL Technologies 1170.90 (1.85%)
HDFC Bank 1549.45 (1.56%)
HDFC Life Insur. 684.95 (-1.36%)
Hero Motocorp 2489.40 (1.12%)
Hind. Unilever 2333.00 (0.49%)
Hindalco Inds. 454.35 (2.68%)
I O C L 120.35 (-0.21%)
ICICI Bank 756.60 (2.99%)
IndusInd Bank 942.50 (1.71%)
Infosys 1746.15 (2.02%)
ITC 223.90 (1.47%)
JSW Steel 669.60 (1.35%)
Kotak Mah. Bank 1924.55 (-0.65%)
Larsen & Toubro 1830.60 (1.81%)
M & M 832.35 (0.77%)
Maruti Suzuki 7330.85 (2.01%)
Nestle India 19394.55 (0.26%)
NTPC 126.80 (1.16%)
O N G C 148.45 (1.75%)
Power Grid Corpn 205.40 (-0.19%)
Reliance Industr 2417.00 (1.48%)
SBI Life Insuran 1164.45 (0.46%)
Shree Cement 26203.05 (1.77%)
St Bk of India 490.00 (2.79%)
Sun Pharma.Inds. 753.30 (1.29%)
Tata Consumer 766.00 (0.70%)
Tata Motors 491.35 (1.98%)
Tata Steel 1172.45 (2.06%)
TCS 3624.25 (1.11%)
Tech Mahindra 1603.90 (1.73%)
Titan Company 2398.65 (0.76%)
UltraTech Cem. 7412.00 (1.54%)
UPL 729.55 (0.36%)
Wipro 641.60 (1.45%)
Fino Payments Bank IPO Lists at Discount and Stays Lower
by 5paisa Research Team 12/11/2021

Fino Payments Bank had a weak listing on 12th November and listed at a discount of -5.66%, and closed the day below the listing price. While the stock did show a bounce during the day, it failed to hold on to higher levels.

With overall subscription of just 2.03X and limited trading interest in the GMP market, the listing was expected to be weak.

Here is the Fino Payments Bank listing story on 12-Nov

The Fino Payments Bank IPO price was fixed at the upper end of the band at Rs.577 despite the mere 2.03X subscription. The price band for the IPO was Rs.560 to Rs.577.

On 12th Nov, the stock of Fino Payments Bank listed on the NSE at a price of Rs.544.35, a discount of -5.66% below the issue price of Rs.577. On the BSE, the stock listed at Rs.548 a discount of -5.03% on the issue price.

On the NSE, Fino Payments Bank closed on 12-Nov at a price of Rs.535.45, a first day closing discount of -7.2% on the issue price. On the BSE, the stock closed at Rs.545.25, a first day closing discount of a more moderate -5.5% on the issue price.

On both the exchanges, the stock not only listed below the IPO price but closed Day-1 below the listing price. On Day-1 of listing, Fino Payments Bank touched a high of Rs.582.95 on the NSE and a low of Rs.511.05. The damage was limited below the listing price.

Check - Fino Payments Bank - Subscription Day 1

On Day-1 of listing, the Fino Payments Bank stock traded a total of 101.13 lakh shares on NSE amounting to value of Rs.548.25 crore. It did not feature among the top trades on value or on volumes on NSE.

On the BSE, Fino Payments Bank touched a high of Rs.583.35 and a low of Rs.510.80. On BSE, the stock traded a total of 6.24 lakh shares amounting to value of Rs.33.85 crore. It was not among the most active shares on the BSE.

At the close of Day-1 of listing, Fino Payments Bank had a market capitalization of Rs.4,537.26 crore with free-float market cap of just Rs.635.22 crore.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Start Investing Now!

Open Free Demat Account in 5 mins

There is some issue, try later