Fedbank Financial Services raised Rs 329.99 crore today through a pre-IPO transaction. According to an exchange filing, Fedbank Financial Services Limited acquired board approval to start a pre-IPO placement of 23,571,428 equity shares at the upper end of the price band of Rs 140 per equity share, in collaboration with the Book Running Lead Managers (BRLMs).
The registrar for the offer is Link Intime India Private Ltd, while the BRLMs for the issuance are ICICI Securities Ltd, BNP Paribas, Equirus Capital Private Ltd, and JM Financial Ltd. Today, Tuesday, 21 November, is the day that the Fedfina IPO's distribution to anchor investors is supposed to occur, according to a report by Mint.
The subscription period for Fedbank Financial Services' initial public offering (IPO) is set for Wednesday, 22 November, and it will end on Friday, 24 November. The pricing range for Fedbank Financial Services' initial public offering (IPO) is set at Rs 133 to Rs 140 for each equity share with a face value of Rs 10.
The Federal Bank arm Fedfina IPO consists of a new issue of equity shares up to Rs 600 crore and an offer-for-sale (OFS) by the promoters of up to 35,161,723 equity shares. The offer, which has a face value of Rs 10 per equity share, according to RHP, is made up of selling shareholders and the promoter group.