Business Standard

Fedbank Financial Services Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,092.26 cr

Price Range (₹)

140

Lot Size

107

Min Investment (₹)

14,980.00

Listing Exchange

MumbaiNSE

Open Date

22-Nov-2023

Close Date

24-Nov-2023

Listing Date

30-Nov-2023

Fedbank Financial Services Ltd News

    The Shares of Fedbank Financial Services Ltd have now been listed.

    Fedbank Financial Services Ltd IPO Details

    Initial public offer of 78,073,810* equity shares of face value of Rs. 10 each (Equity Shares) of Fedbank Financial Services Limited (Company or Issuer) for cash at a price of Rs. 140 per equity share (including a share premium of Rs. 130 per equity share) (Offer Price) aggregating to Rs. 1092.26*^ crores (the Offer) comprising a fresh issue of 42,912,087* equity shares aggregating to Rs. 6,00.00*^ crores (the Fresh Issue) and an offer for sale of 35,161,723* equity shares aggregating to Rs. 492.26* crores (the Offer for Sale), comprising 5,474,670* equity shares aggregating to Rs. 76.65* crores by the Federal Bank Limited (Promoter Selling Shareholder) and 29,687,053* equity shares aggregating to Rs. 415.62* crores by true north fund vi llp (Investor Selling Shareholder, and together with the promoter selling shareholder, the Selling Shareholders, and such equity shares offered by the selling shareholders, the Offered Shares). This offer included a reservation of 769,230* equity shares aggregating to Rs. 10.00^ crores for subscription by eligible employees (the Employee Reservation Portion). The company in consultation with the brlms, offered a discount of Rs. 10 per equity share of the offer price to eligible employee bidding in the employee reservation portion (Employee Discount). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constituted 21.16% and 20.95% of the post-offer paid-up equity share capital, respectively. *Subject to finalisation of basis of allotment ^ After employee discount

    Objective of issue

    To be Utilised towards Augmentation of the Company's Tier-I Capital base to meet the Company's future Capital requirements.

    Fedbank Financial Services Ltd Contact Details

    Fedbank Financial Services Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs@fedfina.com

    Website - www.fedfina.com