IPO
Fino Payments Bank files for Rs.1,300-Cr IPO
Mumbai-based fintech platform Fino Payments Bank will soon launch a INR 1,300 crore IPO which includes an INR 300 crore OFS (offer for sale) component. Investment bankers Axis Capital, CLSA India, ICICI Securities and Nomura Financial Advisory Services are the book running lead managers to the IPO. Fino's revenue for FY21 stood at INR 791 crore that grew at a CAGR of 29% in the last three years. The bank registered a profit INR 20.5 crore in FY21 with an annual average ROE of 15%.
From Venture Intelligence PE-VC Deals Database : Between June'07 to Aug'11, Fino raised over USD 64 million from Intel Capital, Blackstone, Headland Capital, IFMR Trust and Legatum Capital.(Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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