Fino Payments Bank has debuted at Rs 548.00 on the BSE, down by 29 points or 5.03% from its issue price of Rs 577.
The scrip is currently trading at Rs 520.55, down by 56.45 points or 9.78% from its issue price. It has touched a high and low of Rs 583.35 and Rs 510.80 respectively. So far 3.43 lakh shares were traded on the counter.
The offering, which was open for subscription between October 29, 2021 and November 02, 2021, was subscribed 2.03 times. The issue price was fixed at Rs 577 per share i.e. at upper end of price band of Rs 560-577 apiece.
Fino Payments Bank (FPBL) is a scheduled commercial bank serving the emerging India market with its digital based financial services.