Fino Payments Bank Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
FINOPB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fino Payments Bank has filed its quarterly compliance statement under SEBI Regulation 32, confirming there were no deviations or variations in the use of funds raised through its IPO in November 2021. The company raised gross proceeds of Rs. 300 crore, with net proceeds of about Rs. 283.36 crore after share issue expenses of Rs. 16.64 crore. As of June 30, 2025, the bank has utilised Rs. 255.26 crore of the net proceeds for augmenting its technology infrastructure, in line with the original objects of the offer. The Audit Committee reviewed and approved the statement at its meeting held on July 30, 2025. The statement has also been made available on the bank's website.
This is a routine quarterly compliance filing with no negative implications. It reassures shareholders that IPO funds are being used as originally promised, reflecting good corporate governance and disciplined capital deployment.