Fino Payments Bank makes a tepid debut, lists at a 5% discount

Fino Payments Bank

Fino Payments Bank shares had a tepid debut on the bourses, as the stock listed with a 5 percent discount to issue price on November 12.

The share price opened at Rs 548 on the BSE and the opening tick on the National Stock Exchange was Rs 544.35.

The price band for the offer was at Rs 560-577 per equity share.

The initial public offering of fintech company had a muted response from investors as the offer was subscribed 2.03 times during October 28-November 2.

News Source: MoneyControl

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