Fino Paytech Limited Unlisted Shares | Share Price, News, Valuation

Fino paytech overview

Fino is a professionally managed company and is the parent company of Fino payments bank, which was launched with a vision to catalyse nation-building by making every citizen financially secure. The company also aims to become the preferred bank for customers by providing the simplest & the most accessible financial services, to grow their wealth. The Fino Paytech Ltd IPO will offer Fino Paytech Limited Unlisted Shares/ Stocks which will then be listed. The company is the largest business correspondent in the country, which has played in favour of the Fino Paytech Ltd share price in the unlisted stock (share) market.

Products of the Company:

Solutions:

The company has developed applications to effectively acquire micro customers and allow entities using their platform to acquire micro customers using simple processes and minimal hardware.

Customer Acquisition System: Tne company’s customer acquisition system is quick, simple and allows to enroll customers directly at their doorstep while maintaining the core essence of banking.
Hardware Solutions: This technology enables the clients to offer a rich variety of simple and accessible solutions with a whole range of products – including Cards, handheld devices, biometric smart cards, backend switches and micro deposit machines.
Operations Solutions: The operations solutions team manages data messaging to churn out the required information for day-to-day planning and management of operations. The principals may either utilize some of the pre-designed reports by the company or ask for customized reports.

Services:

The company offer services to beneficiaries on behalf of the customers, in some of the most remote regions of the country. The model has the capability to cater to a diverse set of customers like banks, other financial institutions, and the government. The wide client base has helped to the company to increase its share in the market and has also helped to increase share value.

Business Correspondents Services: The company is the largest business correspondent in India, having extensive reach in as many as 499 districts. The business correspondent model is a low-cost alternative banking channel for the bottom pyramid of the population with the use of technology.
Consultancy Services: Fino Paytech Consultancy Services (FCS) has been created to bridge the gap between formal financial institutions and unbanked populations across the country, and to add value to emerging branchless and micro banking channels across the developing world.
Financial Literacy: As an independent channel, the company focus on making customers aware of financial products through various financial literacy initiatives along with access to financial products and services.

The company, in addition to providing banking to the customers, provides services to various Fino Paytech Ltd Shareholders and stakeholders as mentioned below:

Banks: The company provides services to various banks like Financial literacy and agent training, Kisan credit card and overdraft facility, lending to customers, remittances on behalf of customers of banks, self-help group and ultra-small The company also offers services of enrollment of customers on behalf of the bank, delivery of products and services at remotest regions, distribution and information systems, among others.
Health: Micro Insurance like Rashtriya Swasthya Bhima Yojna.
Government: The company helps the government in the execution of schemes like MGNREGA, PFRDA and SSP.

The banking business of the company functions with the support of its wholly-owned subsidiary Fino Payments bank, while the lending business is through NBFC Fino Finance Pvt Ltd.

Management of Fino Paytech Limited:

Name	Designation
Mr Ashok Kini	Non-Executive Chairman, Independent Director
Dr Anjana Grewal	Independent Director
Dr Punita Kumar Sinha	Independent Director
Mr Rishi Gupta	MD & CEO
Dr Anjana Grewal	Independent Director
Mr Amit Jain	Nominee Director
Mr Pramod Sharma	Nominee Director
Mr Alok Gupta	Nominee Director
S. Rajaraman	Whole-time Director
Mr Rajeev Arora	Additional Director in the capacity of Whole-time Director

Past Performance of the Company (Consolidated):

(All figures INR in crores except specifically mentioned)

Particulars	2016-17	2017-18	2018-19
Total Income	335.64	376.94	547.39
Profit before Tax (PBT)	(19.47)	(94.07)	(53.95)
Profit After Tax (PAT)	(88.27)	(165.74)	(71.89)

Top 10 Shareholders as on 31.03.2019:

Name of the shareholder	No. of Shares	Holding (in %)
Bharat Petroleum Corporation Limited	2,84,35,423	28.78
ICICI Prudential Life Insurance Company Limited	1,13,28,854	11.47
Blackstone GPV Capital Partners (Mauritius) VI-B FDI Limited	75,12,207	7.60
HAV 3 Holdings (Mauritius) Limited	74,56,993	7.55
International Finance Corporation	65,69,567	6.65
ICICI Bank Limited	57,50,000	5.82
ICICI Lombard General Insurance Company Limited	52,89,194	5.35
Intel Capital Corporation	44,33,449	4.49
Exide Life Insurance Company Limited	28,32,213	2.87
Life Insurance Corporation of India	22,50,000	2.28
Total outstanding shares	9,87,86,361	100

Annual Reports for the Last 2 Years are as Under:

Annual-report-Fino-2019.pdf

Annual-Report-Fino-2018.pdf

Fino Paytech Limited Unlisted Shares Details:

Particulars	Narration
Total available shares	1,000 equity shares
Face Value	₹10 per equity share
ISIN	INE511I01011
Lot size	250 shares
Current Unlisted Share Price	₹ Best in Industry per Equity Share
PAN Number	AAACF9869M

Unlisteddeal Review:

The company has delivered better performance in FY 20-21 as per management communication to the shareholders of the company, making Fino Paytech Ltd Unlisted Shares an ideal investment opportunity.
The company has a good product portfolio and wider reach across the country, impacting the Fino Paytech Unlisted Share Price.
The company is looking to raise additional funds through private placement.
The company is expected to try and convert its subsidiary into a small finance bank from current payments bank as per RBI guidelines warranting a re-rating of the company and entailing good CAGR returns to the esteemed shareholders of the company.

Fino Paytech Limited in the News:

Fino Payments Bank’s Gully Gully initiative
Fino Paytech invests in CityCash

Frequently Asked Questions (FAQs) on Fino Paytech Limited:

1. How to Buy Fino Paytech Limited Unlisted Shares?

Step by Step process to buy Fino Paytech Limited unlisted shares is as under:

Step 1: A deal is proposed between unlisteddeal and buyer either on WhatsApp or over email.

Step 2: Buyer provides their client master copy for transfer of shares, PAN card copy, Aadhar card copy and cancelled cheque. The deal gets confirmed once the documents provided are in order.

Step 3: Buyer transfers deal amount to bank account details provided by us and provide us with remitter name, bank account number, bank name and UTR no. for the amount transferred to us.

Step 4: We shall transfer shares to the buyer account on the same day of receipt of funds and raise contract note.

See the Infographic flow to buy the shares

2. How to Sell Fino Paytech Limited Unlisted Shares?

Step by step process to sell Fino Paytech Limited unlisted shares is as under:

Step 1: A deal is proposed between unlisteddeal and seller either on WhatsApp or over email.

Step 2: Seller provides their client master copy, PAN card copy, Aadhar card copy, delivery instruction slip (DIS) copy and cancelled cheque copy. The deal gets confirmed once the documents provided are in order.

Step 3: Seller transfers shares to details provided to them by us.

Step 4: We shall make payment to the seller on the same day of receipt of shares.

See the Infographic flow to sell the shares