Fino Payments Bank IPO Subscription Status
Fino Payments Bank IPO was subscribed 2.03 times when bidding closed on 2 Nov 2021: QIB 1.65x, NII 0.21x, Retail 5.92x.
The Fino Payments Bank IPO has been subscribed 2.03x times overall. Retail investors have shown interest with bids for 5.92x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.21x. Qualified Institutional Buyers (QIBs) have subscribed 1.65x. Data last updated on 10 Nov, 07:27 AM.
The IPO subscription period has ended. The issue opened on 29 Oct, 2021 and closes on 02 Nov, 2021. The shares are expected to list on stock exchanges on 12 Nov, 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 1.65x |
| NII | - of - - | 0.21x |
| Retail | - of - - | 5.92x |
| Employee | - of - - | 0.93x |
| TOTAL | - - | 2.03x |
Fino Payments Bank IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 16.9% for a single lot.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
02 Nov 2021
Day 3 |
2.03x | ▼ | |
|
QIB1.65x
BHNI-
SHNI-
Retail5.92x
Employee0.93x
|
|||
|
01 Nov 2021
Day 2 |
0.81x | ▼ | |
|
QIB-
BHNI-
SHNI-
Retail4.33x
|
|||
|
29 Oct 2021
Day 1 |
0.51x | ▼ | |
|
QIB-
BHNI-
SHNI-
Retail2.73x
|
|||
Fino Payments Bank IPO dates
From the bidding window 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
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Fino Payments Bank IPO?
As of IPO close date (02 Nov, 2021), the Fino Payments Bank IPO is subscribed 2.03x times. Retail category is 5.92x, and NII is 0.21x subscribed.
When is the allotment date for Fino Payments Bank IPO?
The allotment for Fino Payments Bank IPO is expected to be finalized on 09 November, 2021.
When will Fino Payments Bank IPO list on the stock market?
Fino Payments Bank is scheduled to list on BSE and NSE on 12 November, 2021.
What are the chances of getting allotment in Fino Payments Bank IPO?
The retail category is oversubscribed at 5.92x, meaning allotment is by lottery. Statistically, approximately 1 in 6 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 1.65x mean for Fino Payments Bank IPO?
Moderate — QIBs have subscribed 1.65x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check Fino Payments Bank IPO allotment status?
After the allotment date (09 Nov, 2021), you can check your Fino Payments Bank IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Fino Payments Bank IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
