Fincare Small Finance Bank IPO
Fincare Small Finance Bank Ltd
Fincare Small Finance Bank IPO Details
The Fincare Small Finance Bank refiled papers to apply for an initial public offering. Notably, the bank did not launch the IPO after filling out the documents in 2021.
As a result, the organisation refiled the IPO draft to the Securities and Exchange Board of India (SEBI) again. Investors can consider subscribing to the Fincare Small Finance Bank IPO due to the promising rise of the firm.
The bank transitioned from a micro-finance enterprise to a small finance bank in a relatively short period. Fincare was incorporated in 1995 and has over 32 lakh customers. With features like video banking and over 900 outlets, the IPO becomes an attractive prospect.
The bank plans to use the net proceeds to strengthen its presence in Tier-1 regions. It aims to raise INR 625 crore by selling around 1.7 crore shares. Recently, Motilal Oswal Private Equity took a small stake in Fincare Small Finance Bank. The bank, however, requires funds to augment its existing capital and aim for potential expansion. So, investors can leverage this necessity by considering the IPO announcement.
Fincare Small Finance Bank IPO
The role of digital banking of Fincare adds to the convenience of customers, making the bank a favourable choice.
Expanding in semi-urban and rural regions will enhance its image and outreach.
The organisation has physical and online outlets that suit the requirements of different types of customers.
It is one of the highest-growing small finance banks in the country. The top-level management has an experience in the finance sector.
Fincare Small Finance Bank IPO
The brand is new and has several prominent competitors in the market.
Fincare Small Finance Bank has a presence in only some states. So, it can take some time to gain PAN-India expansion for higher revenue generation and market stability.
The bank has a close connection with the rural economy. As a result, any adversity in this segment can hamper the operations.
Its business transactions have been more prevalent in the western and southern Indian regions, which makes any instability in the northern region concerning.
Fincare Small Finance Bank Revenue & Profit
+0.35 | 0.09 |
+0.67 | 0.10 |
+1.21 | 0.14 |
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2
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Fincare Small Finance Bank IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| IPO Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| To be announced | |
| Listing Date | To be announced |
Fincare Small Finance Bank IPO Lot Size
| Minimum Lot Size | To be announced |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Fincare Small Finance Bank IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Fincare Small Finance Bank IPO Subscription Breakup
| QIBs | To be announced |
| Non-Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Fincare Small Finance Bank IPO?
Step 1
First, you need to visit the IPO section in our Choice FinX app.
Step 2
Then, click on the 'More' option to view the Invest in IPO section.
Step 3
Open the Fincare Small Finance Bank IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on apply button.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Fincare Small Finance Bank IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.