Fedbank Financial Services IPO - Nov'23

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IPO Details

Fedbank Financial Services IPO opens Nov 22-24, price Rs 133-140/share, lot size 107 shares, aiming to raise Rs 1,092.26 crore

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Company Background

Fedbank Financial Services IPO opens Nov 22-24, price Rs 133-140/share, lot size 107 shares, aiming to raise Rs 1,092.26 crore

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Financial Strength

Boasts second-lowest cost of borrowing among MSMEs and gold loan peers in India for FY 2023

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Fund Utilization

Rs 600 crore from fresh issue for augmenting Tier-I capital, meeting future capital needs, offer expenses, and general corporate purposes

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Offer Structure

Rs 1,092.26 crore IPO with a fresh issue of Rs 600 crore and an offer-for-sale of 3,51,61,723 equity shares by The Federal Bank and True North Fund

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Timeline

Three-day subscription window from Nov 22-24, offering investors an opportunity to participate in the growth of Fedbank Financial Services

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