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Fincare Small Finance Bank IPO Details

Issue Date To be announced
Price Band To be announced
Lot Size To be announced
Issue Size To be announced
Listing At NSE, BSE
QIB Shares Offered To be announced
Retail Shares Offered To be announced
NII (HNI) Shares Offered To be announced
Lead Managers ICICI Securities Limited, IIFL Securities Limited, Axis Capital Limited, SBI Capital Markets Limited
Minimum Investment To be announced

IPO Schedule:

Issue Period To be announced
Finalization of Allotment To be announced
Initiation of Refunds To be announced
Credit of Shares To be announced
Date of Listing To be announced
Mandate end date To be announced
Anchor Investors Lock-In End Date To be announced

About The Company:

Fincare Small Finance Bank Limited is a "digital-first" financial service provider, Small Finance Bank (SFB) with a focus on unbanked and under-banked customers, especially in rural and semi-urban areas of India. Fincare SFB have an extensive network of 528 banking outlets, 219 business correspondent outlets and 108 ATMs that are spread across 16 states and three union territories, covering 192 districts and 38,809 villages and which reached 2.7 million customers, as of December 31, 2020.

Strengths of the Company:

  • Customer-centric approach driven by digital banking and automation
  • Strong commitment to financial inclusion with an extensive rural franchise and expanding urban presence
  • Multi-channel, a low-cost distribution network with a diversified geographic presence
  • Fast-growing stable deposit base with a growing CASA franchise
  • Stable and experienced professional leadership team with strong corporate governance
  • Robust risk management policies, leading to healthy asset quality
  • Strong track record of financial and operational performance

Key Strategies:

  • Scale up the lending portfolio with a focus on secured lending
  • Continue to grow the deposits base with a focus on CASA and retail term deposits
  • Increase the use of technology and data analytics
  • Improve banking outlet efficiency, productivity, and reach
  • Enhance our brand presence and customer trust

How Do I Apply for Utkarsh Small Finance Bank Ltd IPO?

You can apply for Fincare Small Finance Bank IPO through your Demat & Trading Account using UPI ID by following the below two steps:

  • Visit Bajaj Securities App
  • Click Menu
  • Visit IPO/NCD
  • Enter your bid on BFSLTrade App
  • Accept UPI mandate on your payment mode

Once acceptance of the mandate is done, the bid amount will get blocked in your bank account.

Being a Bajaj Financial Securities Limited client, you have an edge as you can easily apply for Fincare Small Finance Bank IPO through BFSL Trading app using your UPI and also get IPO Funding* for up to 1 Crore.

Open Demat & Trading Account

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Fincare Small Finance Bank IPO FAQs

An individual can navigate to the profile section of the UPI App they are using to locate the UPI ID.

As an alternative, you can apply for IPO through ASBA with their bank or via the physical form. But, If you do not have a UPI ID, you can easily create the same using any of the UPI Handles in the NPCI list.

Only NPCI-approved UPI ID/Handles are allowed to place IPO order. If you are not being able to apply for Fincare Small Finance Bank IPO using your existing UPI ID/Handle, we advise you to check the banks/apps.

Generally, it gets delivered immediately. However, depending on the service providers it may get delayed to max 5 minutes.

Disclaimer: Investments in securities markets are subject to market risks, read all the related documents carefully before investing. No need to issue cheques by investors while subscribing to IPO. No worries for refund as the money remains in investors account. BFSL is not providing any research or investment advice and should not be construed as solicitation. Investor’s discretion is required before investing by their own informed choice or after consulting financial advisors. Reg Office: Bajaj Auto Limited Complex , Mumbai –Pune Road Akurdi Pune 411035. Corp. Office : Bajaj Financial Securities Ltd,1st Floor, Mantri IT Park, Tower B, Unit No 9, Viman Nagar, Pune, Maharashtra 411014.. SEBI Registration No.: INZ000218931 | BSE Cash/F&O (Member ID: 6706) | NSE Cash/F&O (Member ID: 90177) | DP registration No : IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403. Website: https://www.bajajfinservsecurities.in/ Online Trading & Stock Broking in India | Bajaj Financial Securities Limited Bajaj Financial Securities - Open a Trading and Demat account and start investing, saving up to 99%** on brokerage charges.

*IPO Financing is done through Bajaj Finance Limited. Bajaj Finance Limited (BFL or Lender) reserves the sole right to decide participation in any IPO and financing to the client shall be subject to credit assessment done by the lender. Also, BFL shall have full rights to decide the commercial terms for IPO and final application and financing shall be subject to all requirements being met by the client in a timely manner including documentation, account setup and payment of required Interest and Margin. Bajaj Finance Limited also reserves the exclusive rights to change any of the above-mentioned terms and conditions without prior notice to clients. UPI is mandatory to bid in all IPOs through our platform. As per exchange guidelines, all the UPI mandates will only be accepted till 5:00 PM on IPO closure day.

Data Source - DRHP

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