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Expensive valuations to keep Fino Payments Bank under pressure
Fino Payments Bank may continue to remain under pressure post listing because of valuations concerns, competition, and regulatory challenges.
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Tepid listing: Fino Payments Bank list at Rs 544.35 a discount of 5.66%
The stock opened at Rs 544.35 apiece on the National Stock Exchange (NSE) and at Rs 548 on the BSE.
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Fino Payments Bank IPO subscribed 2.03 times; retail shows more interest at 5.92 times
The offer received bids for 2.32 crore shares as against 1.14 crore shares on offer.
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Latest grey market premium and expert views
PB Fintech IPO is not cheap, and compared to the last place in March 2021, the issue is at 2.5x that placement.
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Should you subscribe to Fino Payments Bank IPO?
On the upper end of the price band, the issue is valued at a P/B (Price to book value) of 31.89x based on FY21 book value
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Fino Payments Bank IPO: Here’s all you need to know
Fino Payments Bank IPO: The price band for the payments bank has been fixed at Rs 560-577 a share having a face value of Rs 10 a share.
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Fino Payments Bank files Rs 1,300 crore IPO papers with Sebi
The IPO includes a fresh issue of equity shares worth Rs 300 crore and an offer-for-sale of 15,602,999 equity shares by promoter Fino Paytech
