Fedbank Financial Services Limited IPO

"Fedbank Financial Services, subsidiary of Federal Bank, has filed preliminary papers with SEBI to raise funds worth Rs.1700 crores. The IPO consists of a fresh issue of Rs.900 crore and an offer for sale (OFS) of up to 45.71 million shares by its existing shareholders and promoters. The OFS comprises up to 16.50 million shares by Federal Bank and up to 29.22 million shares by True North Fund VI LLP. Currently, Federal Bank holds a 73.31 percent stake while True North Fund VI LLP has a 25.76 percent stake in FedFina. ICICI Securities Limited, Equirus Capital Private Limited, IIFL Securities Limited and JM Financial Ltd are the lead managers to the issue."

Event	Minimum	Maximum
Lot	1 Lot	13 Lot
Shares	107 Shares	1,391 Shares
Amount	₹14,980	₹1,94,740

Company Name	Symbol	Listing Exchange	Issue Size	IPO Open Date	IPO Closing Date	IPO Listing Date
Fedbank Financial Services Limited	FEDFINA	NSE, BSE	8,03,35,633	22 Nov 23	24 Nov 23	05 Dec 23

Face Value	Allotment Date	Refunds Date	Shares Credit in demat Date
₹10 per share	30 Dec 23	01 Dec 23	04 Dec 23