In this article, we are going to talk about the Fedbank Financial Services IPO. Feedback Financial Limited is an Indian private-sector bank its headquartered in Aluva, Kochi, Kerala. The bank has 1,408+ banking outlets and 1935+ ATMs/CDMS spread across different states in India and overseas agent offices in Abu Dhabi and Dubai. Reportedly, a private-sector bank IPO has hit the primary market today and it will remain available for bidding till 24th November 2023. Now lots of people are curious to know about the whole information about the news. Here we have more information about the news and we will share it with you in this article.
Fedbank Financial Services IPO Apply Or Not
This indicates that Fedbank Financial Services IPO opens today and it will remain open for bidders till Friday this week. Fedbank Financial Services IPO costs have been set by the NBFC and it has set it at ₹133 to ₹140 per equity share. The NBFC seeks to increase ₹1,092.26 crore from its IPO and it is offered for listing on both BSE and NSE. Meanwhile, the grey market has been signalling a trend in Fedbank Financial Services IPO. As per investorgain.com, shares of Fedbank Financial Services Ltd have been obtainable at a premium of ₹5 in the grey market today. Swipe up the next page for more information about the news.
Important Fedbank Financial Services IPO details
1. Fedbank Financial Services IPO GMP: The NBFC shares have been available at a premium of ₹5 in the grey market today.
2. Fedbank Financial Services IPO price: The NBFC has set a cost band for the public issue at ₹133 to ₹140 each equity share.
3. Fedbank Financial Services IPO date – The public issue has unlocked today, 22 November 2023 and it will remain open till Friday this week.
4. Fedbank Financial Services IPO size – The firm purpose is to increase ₹1,092.26 crores from its initial offer out of which ₹600.77 crore is aimed via assignment of new shares.
5. Fedbank Financial Services IPO limit – A retail investor would require at least ₹14,980 ( ₹140 x 107) to apply for this public issue.
Fedbank Financial Services IPO: Apply or not?
Advising investors to apply for the IPO, Shreyansh Shah stated, ” Fedbank Financial Services Ltd. (FSSL) has logged the third fastest AUM expansion amongst NBFC peers established in India, with a three-year CAGR of 33 percent during the FY20-23 period”. Fedbank Financial Services IPO least engaging among all given mainboard IPOs available for bidders today. Here we have shared all the information that we had. Stay tuned to us for more updates.