Fino Payments IPO subscribed 58% on Day 2 of bidding:

Fino Payments

The initial public offering of fintech company Fino Payments Bank had been subscribed 58 percent by the morning of November 1, the third day of bidding, with investors putting in bids for 66 lakh shares against the IPO size of 1.14 crore shares.

The total offer size for public has been reduced to 1.14 crore equity shares from 2.09 crore shares after the company garnered Rs 538.78 crore from anchor investors on October 28.

Retail investors have bought three times the portion reserved for them, with employees bidding for 16,300 shares.

News Source:- Moneycontrol

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