New Delhi: FedBank Financial ServicesA subsidiary of South-based Federal Bank on Tuesday said it has raised Rs 325 crore anchor investors Before its initial public offering (IPO). According to a circular uploaded on the BSE website, the company has allotted 2.32 crore equity shares at Rs 140 per piece to 22 funds.
Investors participating in the anchor book include – Goldman Sachs (Singapore) Pte, Copthol Mauritius Investment Ltd, Integrated Core Strategies (Asia) Pte, Citigroup Global Markets Mauritius, Bandhan Mutual Fund (MF), HDFC MF and Edelweiss MF.
SBI Life Insurance Company, HDFC Life Insurance Company, Kotak Mahindra Life Insurance Company, Tata AIA life insurance company and Bajaj Allianz Life Insurance Company are among the other investors.
The first public issue with a price band of Rs 133-140 per share will be open for three days starting from November 22.
The issue is a combination of fresh issue of 4.29 crore shares worth Rs 600.77 crore and offer for sale (OFS) of 3.52 crore shares worth Rs 492.26 crore.
Under the OFS, Federal Bank will sell 1.65 crore shares, and True North Fund VI LLP will sell 5.38 crore shares.
FedFina proposes to use the net proceeds from the new issue to meet its future capital requirements and increase the Tier-I capital base to meet offering expenses.
ICICI Securities, BNP Paribas, Equirus Capital and JM Financial are the book-running lead managers of the FedEx Financial Services IPO.
On Monday, FedBank Financial Services raised Rs 330 crore in a pre-IPO placement round. SBI Life Insurance, Star Union Dai-Chi, Yasya Investments, Nuwama Crossover III, and Nuwama Crossover IIIA are some of the key investors in this round.
The pre-IPO placement included 23,57,148 equity shares at the upper end of the price band of Rs 140.
Investors participating in the anchor book include – Goldman Sachs (Singapore) Pte, Copthol Mauritius Investment Ltd, Integrated Core Strategies (Asia) Pte, Citigroup Global Markets Mauritius, Bandhan Mutual Fund (MF), HDFC MF and Edelweiss MF.
SBI Life Insurance Company, HDFC Life Insurance Company, Kotak Mahindra Life Insurance Company, Tata AIA life insurance company and Bajaj Allianz Life Insurance Company are among the other investors.
The first public issue with a price band of Rs 133-140 per share will be open for three days starting from November 22.
The issue is a combination of fresh issue of 4.29 crore shares worth Rs 600.77 crore and offer for sale (OFS) of 3.52 crore shares worth Rs 492.26 crore.
Under the OFS, Federal Bank will sell 1.65 crore shares, and True North Fund VI LLP will sell 5.38 crore shares.
FedFina proposes to use the net proceeds from the new issue to meet its future capital requirements and increase the Tier-I capital base to meet offering expenses.
ICICI Securities, BNP Paribas, Equirus Capital and JM Financial are the book-running lead managers of the FedEx Financial Services IPO.
On Monday, FedBank Financial Services raised Rs 330 crore in a pre-IPO placement round. SBI Life Insurance, Star Union Dai-Chi, Yasya Investments, Nuwama Crossover III, and Nuwama Crossover IIIA are some of the key investors in this round.
The pre-IPO placement included 23,57,148 equity shares at the upper end of the price band of Rs 140.
(TagstoTranslate)Business News(T)Life Insurance Company(T)Initial Public Offering(T)Goldman Sachs(T)FedBank Financial Services(T)Anchor Investors