Fino Paytech Unlisted Shares
Fino Paytech Ltd.
INE511I01011
Listing Status: DRHP Not Filed
About Fino Paytech Unlisted Shares
Overview of Fino Paytech Unlisted Shares
Fino Paytech is a leader in banking and technology solutions, offering a comprehensive platform for institutions like banks, governments, and insurance companies. They provide an alternate banking channel that enables end-to-end customer acquisition and service through their robust in-house technology and extensive service delivery network. Their innovative business model addresses the scalability and serviceability challenges of traditional banking, leveraging versatile operations and deep customer insights.
Business Segments
Solutions:
- Customer Enrolment Solutions: Fino Paytech has developed applications that can be used to effectively acquire micro customers. This can be achieved using simple processes and minimal hardware (including mobiles) to address the infrastructural challenges on the ground. Fino Paytech's services also assist Indian entities in leveraging this technology towards rapid acquisition of micro customers.
- Hardware Solutions: Fino Paytech provides a full suite of biometric products for enrolment, storage and verification, while also maintaining all back-end system elements – thus enabling them to develop and offer exclusive financial inclusion applications.
- Operations Solutions: The operations solutions team manages data messaging to churn out the required information for day-to-day planning and operations management. The principals may either utilise some of the pre-designed reports by Fino Paytech or ask for customised reports.
Services:
- Business Correspondents Services: Their business correspondent services, led by Fino Paytech, financially include underserved rural masses across 499 Indian districts by providing savings, deposits, insurance, remittance, and implementing the government's EBT scheme.
- Consultancy Services: Fino Paytech Consultancy Services (FCS) bridges the gap between formal financial institutions and unbanked populations globally, adding value to emerging branchless and micro banking channels in developing countries through its consultancy services and knowledge sharing.
- Financial Literacy: As an independent channel, they focus on raising customer awareness of financial products through various financial literacy initiatives and providing access to financial products and services.
Other Offerings
Banking:
- Fino Paytech offers branchless banking solutions, enabling banks to reach unbanked customers with products like JLG Loans, Recurring Deposits, and Remittance services.
- Provides a technology platform for quick customer acquisition and service, helping banks expand their reach.
Government:
- Supports government schemes like MGNREGS and Social Security Pensions (SSP) with technology solutions, ensuring efficient and scalable service delivery.
- Involved in the enrollment, disbursement, and management of benefits, improving operational efficiency for government programs.
Insurance:
- Fino Paytech's technology solutions have revolutionized the health micro-insurance sector, enabling companies to reach underserved markets efficiently.
- The Rashtriya Swasthya Bima Yojana (RSBY) scheme provides cashless health insurance for Below Poverty Line (BPL) households.
Technology:
- Develops robust, customizable technology solutions for rural markets, facilitating financial services distribution in remote areas with limited infrastructure.
- Solutions include Terminal Management Systems, Card Management Systems, and tools for customer enrollment and transactions.
International Business:
- Fino Paytech pioneers micro-payment solutions for branchless banking, overcoming challenges like poor connectivity and accessibility in rural areas.
- Provides consultancy and technology services to governments and financial institutions in countries like Nepal, Bangladesh, Nigeria, Tanzania, and Mexico, supporting their financial inclusion efforts.
Awards | Recognitions:
- Forbes India Leadership Awards 2012 – Outstanding Start-Up of the Year
- Indira International Innovation Summit 2010 – Excellence in Innovation Award
- Frost & Sullivan South Asia 2010 – Product Line Strategy Award
Subsidiaries | Associate Companies:
Details are as follows:
Name of the Company |
Year of Incorporation/ acquisition |
Status | Revenue (FY 23) (In INR. Cr) |
Net Profit (FY 23) (In INR. Cr) |
Fino Finance Private Limited |
2010 | Wholly owned subsidiary (100%) |
4.7 |
(5.74) |
Fino Financial Services Private Limited |
2014 |
Wholly owned subsidiary (100%) |
- |
(0.0023) |
Fino Payments Bank Limited |
2017 |
Subsidiary (75%) |
1229.91 |
65.09 |
Fino Trusteeship Services Limited |
2009 |
Associate Company (49%) |
1.34 |
0.95 |
Management:
- Education: Undergraduate degree, University of Mysore, 1965; Graduate degree, Madras Christian College
- Experience: Managing Director, State Bank of India (1967-2005); Managing Director, National Banking, Government of India
- Education: Management Graduate in Marketing
- Experience: Over 18 years of experience in leadership roles in the financial domain. Former Whole-time Director, Chief Operating Officer & Board Member, Fino Finance; Associate roles at Satin CreditCare, Fullerton India, ICICI Bank, and Ashok Leyland Finance
Insights of Fino Paytech Unlisted Shares
Financial Snapshot:
All values in INR. Crs.
Particulars |
FY23 |
FY22 |
Y-O-Y Growth |
Revenue |
1291.3 |
1050.63 |
22.9% |
EBITDA |
166.89 |
22 |
658.5% |
PAT |
50.11 |
(53.14) |
194.29% |
PAT Margin |
3.88% |
-5.06% |
176.67% |
Key Takeaways:
- Fino Payments Bank accounts for 1229 crores in revenue and 65.09 crores PAT. Other subsidiaries are loss-making.
- Exponential y-o-y growth is indicative of an optimistic rise in future growth and market demand.
Industry Overview:
PayTechs have emerged as a significant segment within FinTech, comprising 25% of the industry.
Market Size and Value:
- Global Payments Market: US$240 trillion.
- PayTechs: Valued at over US$2.17 trillion, driven by the demand for fast, seamless, and embedded payment solutions.
- The Indian paytech market is projected to grow from USD 111.14 billion in 2024 to USD 421.48 billion by 2029, driven by rapid digital adoption, government initiatives, and technological innovations.
Future of PayTechs:
- The sector is poised for continued growth as the digital economy expands.
- Increasing consumer demand for seamless payments.
- Providing integrated solutions for both consumers and merchants.
- Highlighted by rapid growth and geographical diversity in revenue increases.
Peer Comparison:
Particulars |
Fino Paytech |
One 97 Communications Ltd. |
Revenue |
1291.3 |
7990 |
PAT |
50.11 |
(1776) |
PAT Margin |
3.88% |
-7.21% |
Current Market Price (29/08/24) |
125 |
559 |
MCAP |
1308 |
34542 |
P/B Ratio |
3.31 |
3.1 |
P/S Ratio |
1.26 |
5.22 |
- Fino Paytech is profitable, unlike its peer.
- P/B ratio suggests a positive market perception of its assets, being slightly overvalued compared to One 97 Communications Limited.
- Its lower P/S ratio indicates it might be undervalued in terms of revenue generation, presenting a potential investment opportunity.
Valuation:
As of July 31st, 2024
Fino Payments Bank:
- Current Market Price: ₹338
- Market Capitalization (MCAP): ₹2,816 Cr.
Fino Paytech's Holding in Fino Payments Bank:
- Ownership: 75%
- Intrinsic Worth of Holding: ₹2,112 Cr.
Fino Paytech Stock Information:
- Intrinsic Value per Share (based on holding): ₹201
- Current Market Price (CMP): ₹125
- Discount to CMP: 38%
Financial Charts of Fino Paytech Unlisted Shares
Balance Sheet of Fino Paytech Unlisted Shares
Profit and Loss of Fino Paytech Unlisted Shares
Ancillary of Fino Paytech Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Fino Paytech Unlisted Shares
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How to buy Fino Paytech Ltd.?
Below are three ways through which you can purchase Fino Paytech Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Fino Paytech Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Fino Paytech Ltd.?
Below are three ways through which you can sell Fino Paytech Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Fino Paytech Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Fino Paytech Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for Fino Paytech Ltd. is ₹143 and your sell price for Fino Paytech Ltd. is ₹115. The price is based on our estimates and market conditions.
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What is the lock-in period of Fino Paytech Ltd.?
The lock-in period for Fino Paytech Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Fino Paytech Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Fino Paytech Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Fino Paytech Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Fino Paytech Ltd.. The price is also determined from the most recent funding round for Fino Paytech Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Fino Paytech Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Fino Paytech Ltd. with us kindly click here.
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What are the financials of Fino Paytech Ltd.?
The financials of Fino Paytech Ltd. which includes the P/L of Fino Paytech Ltd. and the Balance Sheet of Fino Paytech Ltd. is in the financials section (Click on link).
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Where can I find the annual report of Fino Paytech Ltd.?
The annual report of Fino Paytech Ltd. is available in the annual report section (Click on link).
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Is buying Fino Paytech Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Fino Paytech Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Fino Paytech Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Fino Paytech Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Fino Paytech Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Fino Paytech Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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