Fino Payments Bank IPO GMP – Check Latest IPO Grey Market Premium
Last Updated Date: Nov 17, 2022Fino Payments Bank is about to release its IPO on Oct 29, 2021. The issue is closing on Nov 2, 2021, and is currently having an active grey market. The Fino Payments Bank IPO GMP is running at a stable rate as per the current situation.
In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market.
However, the QIB and the HNI numbers are the key indicators of GMP in the case of Fino Payments Bank IPO. The company is intended to raise Rs NA million by the released issue.
Fino Payments Bank IPO GMP Rates, Kotak rates & SS
This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue. You can check this table related to know the IPO size, price band along with listing details, and more.
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| October 2021 | |||
| October 2021 | |||
| *October 2021 | |||
| October 2021 | |||
| October 2021 |
Check out Related IPO Links:
| Review Fino Payments Bank IPO |
| Fino Payments Bank IPO Allotment |
| LIVE Subscription – Fino Payments Bank IPO |
Open Free Demat Account Now!
Fino Payments Bank IPO Date / Timetable
Here, you will find the important dates and events of this IPO. Check the allotment status, visit us again once the subscription date is over.
| IPO Open Date | Oct 29, 2021 |
| IPO Close Date | Nov 2, 2021 |
| Basis of Allotment Date | Nov 9, 2021 |
| Initiation of Refunds | Nov 10, 2021 |
| Credit of Shares to Demat Account | Nov 11, 2021 |
| IPO Listing Date | Nov 12, 2021 |
Fino Payments Bank IPO – Financial Performance
The below-given table will give you an overall idea of the company’s financial performance. Check their net profit and loss statement about Fino Payments Bank IPO.
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 10,102.91 | 6,240.01 | 6,840.72 |
| *Total Revenue | 7910.27 | 6913.97 | 3711.21 |
| Total Expense | 7705.53 | 7234.33 | 4335.05 |
| Profit After Tax | (2985.05) | (3189.79) | (2869.43) |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 2.62 | (4.11) | (8.00) |
FAQs Related to Fino Payments Bank IPO GMP
What is the current Fino Payments Bank IPO GMP Price?
As on today, the Fino Payments Bank IPO GMP is Rs. NA.
What is the current Fino Payments Bank IPO Kostak Rate?
The Kostak rate is Rs NA for Fino Payments Bank IPO.
What is today’s Fino Payments Bank IPO Subject to Sauda Rate?
As on today, the Fino Payments Bank IPO Subject to Sauda is Rs NA.
Where to Check Fino Payments Bank IPO Allotment & Listing?
However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: IPO Allotment Status
What is Kostak Price?
To apply for an IPO, there is an application price or application charges that come along and is known as Kostak price. It is actually the premium amount at which IPO applications are being traded in the grey market.
Is GREY market buy or sell shares illegal?
Grey Market is basically trading that takes place before the stock of a company gets enlisted on the stock exchange. It takes place before the IPO release and the prices may change at any time. Hence, it is unofficial trading and hence, not “illegal”.
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Disclaimer:
The Fino Payments Bank IPO GMP which is mentioned in the table here is only valid for a specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing the issue. He or she can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on the IPO Grey market.
It is also requested that please do not subscribe for an IPO by just seeing the premium price. The reason being, the premium price varies and can change anytime before listing. Please subscribe only after considering the fundamentals of the companies.