Fino Payments Bank makes weak debut, lists at 6% discount to issue price

The stock opened at Rs 544.35, a 6% discount to its issue price of Rs 577 per share

Fino Payments Bank made a weak stock market debut, as the shares were listed at Rs 544.35, a 6 per cent discount to its issue price of Rs 577 per share on the National Stock Exchange (NSE) on Friday. On the BSE, the stock opened at Rs 548, a 5 per cent discount to the issue price.

At 10:01 am; Fino Payments Bank was trading at Rs 582.55, a 1 per cent higher over its issue price on the BSE. The intraday high for the stock so far was Rs 583.35.

The initial public offering (IPO) of Fino