Fino Payments Bank IPO GMP History
Fino Payments Bank IPO has been listed on November 12, 2021 at a listing price of ₹544.35, against the issue price of ₹577 — a loss of ₹32.65 (-5.66%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Fino Payments Bank IPO raised ₹1200.29 Cr. through its IPO at a price band of ₹560 to ₹577 per share, with a lot size of 25 shares. The IPO was open for subscription from 29 Oct 2021 to 02 Nov 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:27 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Fino Payments Bank IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 29 Oct 2021
- Close 02 Nov 2021
- Allotment 09 Nov 2021
- Refund/credit 10 Nov 2021
- Listing 12 Nov 2021
Fino Payments Bank IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹577 |
|---|---|
| Listing gain / loss | −₹32.65 per share |
| Listing date | 12 Nov, 2021 |
| Actual listing price | ₹544.35 (-5.66%) |
Is Fino Payments Bank IPO GMP reliable?
Grey market premium for Fino Payments Bank IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Fino Payments Bank IPO full review for a fundamentals-based assessment before making any grey market trades.
Fino Payments Bank IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Fino Payments Bank IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Fino Payments Bank IPO
Fino Payments Bank Limited was incorporated in 2017 and was wholly owned by Fino PayTech before the issue. It is a fintech company offering digital financial products and services through a pan-India distribution network.
Its services include current and savings accounts, debit cards, domestic remittances, open banking through APIs, cash withdrawal and deposit through micro-ATMs and AePS, and cash management services. Its merchants also cross-sell third-party gold loans, insurance, bill payments and recharges.
It also runs a business correspondent network for other banks, and earns mainly from fees and commissions. Its focus is on customers with low financial literacy and limited use of technology.
The IPO was Rs 1,200.29 crore, with Rs 300.00 crore of fresh issue and Rs 900.29 crore of offer for sale by Fino PayTech. The fresh money was meant to strengthen the bank's Tier-1 capital base.
Frequently asked
What is the GMP of Fino Payments Bank IPO?
The current Grey Market Premium (GMP) of Fino Payments Bank IPO is not yet started or active in the market.
What is the Kostak Price of Fino Payments Bank IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Fino Payments Bank IPO is not available.
What is the Subject to Sauda Price of Fino Payments Bank IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Fino Payments Bank IPO?
Fino Payments Bank IPO listed on November 12, 2021 at ₹544.35, against the issue price of ₹577 — a loss of -5.66%.
How did the GMP of Fino Payments Bank IPO trend before listing?
The GMP of Fino Payments Bank IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Fino Payments Bank IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
