This is to inform you that Fedbank Financial Services’s initial public offering is going to open from today. Yes, you read it right, Fedbank Financial Services IPO will launch on Wednesday, November 22, 2023, i.e. today. As the initial public offering of Fedbank Financial Services is going to be available for subscription from today, the investors have become keen to know all the imperative details of this IPO. Meanwhile, we have come up with this column in which we have mentioned Fedbank Financial Services IPO’s price band, GMP, lot size, and all other imperative details that you should learn before applying for it. Stick with this page and go through all the details. Swipe down the page.
Fedbank Financial Services IPO Opened
First of all, the IPO of Fedbank Financial Services will remain open until Friday, November 24, 2023. The initial public offering of Fedbank Financial Services will be available to subscribe for only three days, from November 21 to November 24. The company is aiming to gain as much as Rs 600.77 crore by issuing its fresh equity shares while the existing shareholders and promoters will release 35,161,723 shares worth Rs 492.26 crore. What is the total size of Fedbank Financial Services IPO? Shift to the next section and read more details.
Speaking of the total size of the IPO, Fedbank Financial Services will issue equity shares worth Rs 1092.26 crore. The price band for an equity share is set at Rs 133-140 with a face value of Rs 10 each. For retail investors in the Fedbank Financial Services IPO, the quota has been fixed at 35 percent of the net offer. The QIB quota is fixed at 50 percent, while the quota for NII is reserved at 15 percent. Continue reading this article and unfold more details.
Fedbank Financial Services is a non-banking finance company focused on retail and promoted by the Federal Bank. To note, the Fedbank Financial Service is the third lowest cost of borrowing among the micro, small, and medium enterprises, gold loan, and MSME and gold loan peer set in the quarter ended June 30, 2023. The financial company is present in 17 states and union territories across the country. It has a strong presence in the western and southern regions of India. This company has products according to the needs of customers, including housing loans, loans against property, medium-ticket LAP, gold loans, and unsecured business loans. Stay tuned to this website for more details and further updates.