Five companies comprising policybazaar parent PB Fintech and Paytm parent One97 Communications will come out with their initial public offerings (IPOs) in the first half of November.
Fino Payments Bank IPO: Fino Payments Bank's public issue will include a fresh issue of Rs 300 crore and an offer for sale of up to 1,56,02,999 shares by the promoter Fino Paytech
The IPO includes a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) of 15,602,999 equity shares by the promoter Fino Paytech.
The institutional investor category was subscribed 4.77 times, while the non-institutional category comprising high-net-worth individuals was subscribed 418% or 4.18 times.
Fino Payments Bank IPO: Retail individual investors showed greater interest today as the portion reserved for them was subscribed 2.73 times-the highest among the three groups of investors.