Fedbank Financial Services Ltd., which is a non-bank financial company, is expected to complete the allocation of IPO shares today, November 28.
The theme was subscribed to a total of 2.20 times during the bidding process. The portion for qualified institutional bidders or QIBs was subscribed 3.51 times, while the portion reserved for retail investors saw 1.82 times bid. The allotment reserved for non-institutional investors or NIIs was reserved 1.45 times during the three-day bidding process.
The initial public offering (IPO) was set at a share price range of ₹133-140. At the higher end of the price spectrum, the financial services company aimed to generate ₹1,092 crore in funds through this IPO.
The stock is expected to be listed on both BSE and NSE, Tuesday, December 5.
Fedbank Financial IPO: Like check assignment status?
- Go to the BSE website.
- Select ‘Equality’ and then from the menu, select the theme name.
- Enter your application number and PAN card number.
- Click the “Search” button.
Similarly, you can also check on its registrar’s website.
- Go to the website of Link Intimate.
- Click on ‘Company Selection’ and then select the IPO name.
- Now enter your PAN, application number, DP/Customer ID or account number/IFSC.
- Click ‘Search’.
Fedbank Financial IPO GMP Today
Despite the active IPO season, Fedbank Financial Services has seen its gray market premium (GMP) erode completely due to lackluster investor interest. The latest information indicates that Fedbank Financial currently does not enjoy any premium in the unofficial market, indicating a list equally for the shares. It is noteworthy that at the time of the announcement of the issue price, the stock was trading at a premium of ₹5-10 per share.
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Updated: 28 Nov 2023, 17:51 IST
(tagsTo Translate)Fedbank Financial IPO