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<ul><li><keyword id="3526030" type="General" weightage="20" keywordseo="fino-payments-bank" source="Orion">Fino Payments Bank</keyword>’s IPO was oversubscribed by 2x.</li><li>The payment bank’s IPO was launched on October 29, 2021.</li><li>The company raised ₹1,200 crore through this public issue.</li></ul>Navi Mumbai-based fintech company Fino Payments Bank will make its debut on the stock market at 10:00 a.m., today, November 12, after its initial public offering (IPO) was oversubscribed by 2.03 times. Fino Payments Bank will be the first payments bank to get listed on the stock exchanges, that too while making profits. The company received a<a href="https://www.businessinsider.in/stock-market/news/fino-payments-bank-ipo-allotment-is-tomorrow-november-9/articleshow/87577397.cms"> good response from the investors</a> during its IPO. The portion reserved for retail investors was oversubscribed by 5.92 times on the last day of IPO bidding, on November 2. Fino Payments Bank’s IPO was launched on October 29, 2021. The demand from non-institutional investors, which includes companies as well as high net-worth individuals (HNI), was pretty low and the portion reserved for them was only subscribed 21%. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.64 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.21 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.92 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Overall </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.03 times </td></tr></tbody></table>Source: Stock Exchange Fino Payments Bank raised ₹1,200 crore through this public issue. Of this, ₹300 crore was through fresh issue and ₹900 crore was through offer of sale, which provided partial exits to company’s existing investors. The company will use the net proceeds from the fresh issue to augment its tier-I capital base to meet its future capital requirements. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/zomatos-investment-turns-curefit-into-indias-36th-unicorn-of-2021/articleshow/87640767.cms" data-type="tilCustomLink">Cult.fit’s parent company Curefit is the 36th unicorn in town</a> <a href="https://www.businessinsider.in/business/corporates/news/zomato-has-closed-all-international-operations-in-uk-us-singapore-and-lebanon/articleshow/87639773.cms" data-type="tilCustomLink">Zomato has officially pulled out of all international markets</a> <a href="https://www.businessinsider.in/business/corporates/news/nykaa-is-now-bigger-than-coal-india-britannia-irctc-and-almost-double-of-hero-motocorp/articleshow/87635312.cms" data-type="tilCustomLink">Nykaa is now bigger than Coal India, Britannia, IRCTC and almost double of Hero MotoCorp</a>

India’s first profitable payment bank is going to list today — here’s all you need to know

<ul><li>The company said that the total payout of the interim dividend is ₹10.86 crore.</li><li><keyword id="5030468" type="General" weightage="20" keywordseo="easemytrip" source="Orion">EaseMyTrip</keyword> has announced its first dividend in April 2021 almost a month after its listing.</li><li> The company reported over 330% year-on-year increase in its consolidated net profit in Q2 of 2021.</li></ul>Travel ticketing platform Easy Trip Planner — which goes by the name EaseMyTrip — has declared an interim dividend of 50% or ₹1 per equity share of the face value of ₹2 for the fiscal year 2022 that ends in March next year. The company said that the total payout of the interim dividend is ₹10.86 crore. The said dividend on equity shares will be credited to the members as per the records of the depositories as beneficial owners of the equity shares, as on November 22. The interim dividend will be paid on or before December 10, 2021. EaseMyTrip has announced its first dividend in April 2021 almost a month after its listing on the stock exchange. The latest development comes soon after EaseMyTrip announced its financial result for July to September quarter of 2021. The company reported over 330% year-on-year increase in its consolidated net profit. Its revenue also grew another 164% year-on-year to ₹59.7 crore in the July-September quarter. <div type="image" title="EaseMyTrip announces interim dividend of 50% after stellar profit growth" msid="87648383" hostid="261"></div> The financial statement also highlighted that EaseMyTrip witnessed a 2.5 times higher air bookings and 11 times higher hotel nights booking compared to previous quarter. The gross booking revenue (GBR) stood at ₹895.1 crore in the June to September quarter. “EaseMyTrip has a uniquely sustainable and profitable model and our results have consistently demonstrated this all the time. Even in this fiscal, we witnessed phenomenal growth across all segments in the H1FY22 [first half of financial year 2022]. It also reflects a strong recovery of India's travel sector, which was severely impacted by the pandemic,” Nishant Pitti, chief executive and cofounder of EaseMyTrip, said. The company offers access to more than 400 international and domestic airlines, over one million hotels as well as train/bus tickets and taxi rentals across India. EaseMyTrip was founded in 2008 and claims to have more than 11 million customers. It also has offices across India and international markets like Philippines, Singapore, Thailand, the UAE, the UK, and the USA. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/zomatos-investment-turns-curefit-into-indias-36th-unicorn-of-2021/articleshow/87640767.cms" data-type="tilCustomLink" style="">Cult.fit’s parent company Curefit is the 36th unicorn in town</a> <a href="https://www.businessinsider.in/business/corporates/news/zomato-has-closed-all-international-operations-in-uk-us-singapore-and-lebanon/articleshow/87639773.cms" data-type="tilCustomLink" style="">Zomato has officially pulled out of all international markets</a> <a href="https://www.businessinsider.in/business/corporates/news/nykaa-is-now-bigger-than-coal-india-britannia-irctc-and-almost-double-of-hero-motocorp/articleshow/87635312.cms" data-type="tilCustomLink" style="">Nykaa is now bigger than Coal India, Britannia, IRCTC and almost double of Hero MotoCorp</a>

EaseMyTrip announces interim dividend of 50% after stellar profit growth

New Delhi, Apr 28 () Indian tech-led startups attracted funding worth USD 2.5 billion in the first quarter of 2020, a 14 per cent rise compared to the same period last year, a report by research and consulting firm HexGn said. However, funding in startups on a global level dropped by 15 per cent to USD 60 billion in the quarter as compared to the year-ago period, the report said. It added that the number of startup deals fell by over 56 per cent to 4,100. HexGn said the numbers are an early guidance and there could be changes as more companies make announcements on funds received. It also anticipated delays in sharing of such information amid the coronavirus outbreak that has disrupted businesses worldwide. The report said the first quarter of 2020 has been very challenging for the global startup community, where even the US saw its tech startup funding dip by 10 per cent to USD 38 billion. The top deals included those by Beike from China (USD 2.4 billion) and USD 1.2 billion for Gojek. Bad news continues to pour in for China, where funding in Q1 dropped by a massive 45 per cent from the previous year. The drop is even steeper when compared to the first quarter of 2018, plunging by 63 per cent. "With the election year in America and sharpened rhetoric, things could get worse for China, before they can get any better," it added. The report noted that Indian startups seem to have bucked this global scenario till now. "The number of startup funding deals in India has grown by 30 per cent in the last quarter to 277, from 210 in Q1 of 2019. Another good news is that the Indian funding in the last quarter was not dominated by mega-billion dollar-plus infusions," it added. The most significant ones included BYJU's USD 200 million funding round, while FirstCry, Zomato, Swiggy, CureFit, Unacademy, and Bounce each grabbed over USD 100 million in startup funding in the first quarter this year. "Post COVID-19 too, Indian startups stand an excellent chance to capture a piece of this pie. With Facebook pumping in USD 5.7 billion in Jio, India is high on investment radar. Investors are getting attracted to a healthy breed of homegrown entrepreneurs, who have gone through the cycle of entrepreneurship," the report said. It added that supportive policies by the Indian government and increased availability of local capital are giving further impetus to the startup ecosystem. SR ANSANS

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India’s first profitable payment bank is going to list today — here’s all you need to know

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EaseMyTrip announces interim dividend of 50% after stellar profit growth

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Indian startups attract funding worth USD 2.5 billion in Q1 2020: Report

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