NEW DELHI: Fedbank Monetary Providers, a subsidiary of south-based Federal Financial institution, on Tuesday mentioned it has collected Rs 325 crore from anchor traders forward of its preliminary public providing (IPO). The corporate has allotted 2.32 crore fairness shares to 22 funds at Rs 140 per piece, in keeping with a round uploaded on the BSE web site.
Among the many traders that participated within the anchor e-book embody – Goldman Sachs (Singapore) Pte, Copthall Mauritius Funding Ltd, Built-in Core Methods (Asia) Pte, Citigroup International Markets Mauritius, Bandhan Mutual Fund (MF), HDFC MF and Edelweiss MF.
SBI Life Insurance coverage Firm, HDFC Life Insurance coverage Firm, Kotak Mahindra Life Insurance coverage Firm, Tata AIA Life Insurance coverage Firm and Bajaj Allianz Life Insurance coverage Firm are amongst different traders.
The maiden public challenge, with a value band of Rs 133-140 per share, will likely be open for 3 days beginning November 22.
The problem is a mix of a recent challenge of 4.29 crore shares aggregating to Rs 600.77 crore and a suggestion on the market (OFS) of three.52 crore shares to the tune of Rs 492.26 crore.
Below the OFS, Federal Financial institution will offload 1.65 crore shares, and True North Fund VI LLP will divest 5.38 crore shares.
Fedfina proposes to utilise the online proceeds from the recent challenge in the direction of augmenting the Tier-I capital base to fulfill its future capital necessities and supply bills.
ICICI Securities, BNP Paribas, Equirus Capital and JM Monetary are the book-running lead managers of the Fedbank Monetary Providers IPO.
On Monday, Fedbank Monetary Providers raised Rs 330 crore in a pre-IPO placement spherical. SBI Life Insurance coverage, Star Union Dai-chi, Yasya Investments, Nuvama Crossover III, and Nuvama Crossover IIIA are a number of the key traders within the spherical.
The pre-IPO placement comprised 23,57,148 fairness shares on the higher finish of the value band of Rs 140 apiece.
Among the many traders that participated within the anchor e-book embody – Goldman Sachs (Singapore) Pte, Copthall Mauritius Funding Ltd, Built-in Core Methods (Asia) Pte, Citigroup International Markets Mauritius, Bandhan Mutual Fund (MF), HDFC MF and Edelweiss MF.
SBI Life Insurance coverage Firm, HDFC Life Insurance coverage Firm, Kotak Mahindra Life Insurance coverage Firm, Tata AIA Life Insurance coverage Firm and Bajaj Allianz Life Insurance coverage Firm are amongst different traders.
The maiden public challenge, with a value band of Rs 133-140 per share, will likely be open for 3 days beginning November 22.
The problem is a mix of a recent challenge of 4.29 crore shares aggregating to Rs 600.77 crore and a suggestion on the market (OFS) of three.52 crore shares to the tune of Rs 492.26 crore.
Below the OFS, Federal Financial institution will offload 1.65 crore shares, and True North Fund VI LLP will divest 5.38 crore shares.
Fedfina proposes to utilise the online proceeds from the recent challenge in the direction of augmenting the Tier-I capital base to fulfill its future capital necessities and supply bills.
ICICI Securities, BNP Paribas, Equirus Capital and JM Monetary are the book-running lead managers of the Fedbank Monetary Providers IPO.
On Monday, Fedbank Monetary Providers raised Rs 330 crore in a pre-IPO placement spherical. SBI Life Insurance coverage, Star Union Dai-chi, Yasya Investments, Nuvama Crossover III, and Nuvama Crossover IIIA are a number of the key traders within the spherical.
The pre-IPO placement comprised 23,57,148 fairness shares on the higher finish of the value band of Rs 140 apiece.
