Fino Payments Bank Limited which had tapped the capital markets with its fresh issue of Rs 300 crs and an offer for sale of 1,56,02,999 equity shares in a price band of Rs 560-577 was subscribed. The issue would garner Rs 1200.29 crs at the top end of the band. The issue had opened on Friday the 29th of October and closed on Tuesday the 2nd of November. Earlier it had completed allocation to anchor investors.

The company has allotted 93,37,641 equity shares to 13 anchor investors comprising of 29 entities. This includes 5 domestic mutual funds comprising of 17 entities who were allotted 39.05% of the anchor allocation. The top allocations were made to Fidelity who was allotted 16.67% of the anchor book followed by Pinebridge who was allotted 15.75%. This was followed by the domestic funds led by Aditya Birla who was allotted 12.96% and Motilal Oswal who was allotted 9.44%. The top four anchor investors were allotted 54.82% of the anchor book.

The QIB portion was subscribed 1.65 times, HNI portion was undersubscribed at 0.21 times, the Retail portion was subscribed 5.92 times while the Employee portion was subscribed 0.93 times. There were 3.95 lac applications in all.

Full details of the subscription are given below: –