Price Band fixed at ?133 to ?140 per Equity Share of face value of ?10 each
FinTech BizNews Service
Mumbai, November 22, 2023: Fedbank Financial Services Ltd, has allotted 23,191,374 Equity Shares to 22 anchor investors and raised ?324.67 crore ahead of company’s proposed IPO at the upper price band of ?140 per equity share (including premium of ? 130 per equity shares) with face value of ? 10 per share.
Out of the total allocation of 2, 31,91,374 Equity shares to the Anchor Investors, 6,642,881 Equity shares (i.e. 28.64% of the total allocation to the Anchor Investors) were allocated to 4 (Four) domestic mutual funds have applied through a total 5 (Five) schemes.
Book Running Lead Managers to the Issue:
ICICI Securities Limited, BNP Paribas, Equirus Capital Private Limited and JM Financial Limited.
