Federal Bank’s subsidiary Fedfina re-files IPO papers with Sebi
时间:2024-06-26 09:25:13 阅读(143)
Fedbank Financial Services Ltd (Fedfina), which is promoted by private sector lender Federal Bank, filed fresh preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The company’s IPO comprises fresh issue of equity shares aggregating up to Rs 750 crore and an Offer-for-Sale (OFS) of 7.03 crore equity shares by promoter Federal Bank and existing shareholder True North Fund VI LLP, according to the draft red herring prospectus (DRHP) filed on Wednesday.
Under the OFS, Federal Bank will offload 1.65 crore shares and True North Fund VI LLP will divest 5.38 crore shares. The bank proposes to utilise the net proceeds from the fresh issue towards augmenting Tier – I capital base to meet its future capital requirements and meeting offer expenses.
Fedbank Financial Services, a retail focused NBFC, caters to products like gold loan, home loan, loan against property and business loan. As of March 2023, the bank’s 86 per cent of total loan assets were secured against tangible assets — gold or customer’s property. ICICI Securities, BNP Paribas, Equirus Capital and JM Financial are the book running lead managers to the issue.
上一篇:Reliance, Infosys, LIC, Biocon, Indian Oil, GR Infraprojects stocks in focus on monthly F&O expiry
猜你喜欢
- Share Market Highlights- Nifty settles below 17850, Sensex falls 300 pts; Bank Nifty tanks 1%, IT gains 160 pts
- Reliance, HUL, HDFC Bank, Adani Enterprises, HCL Tech, SBI, DMart stocks in focus on weekly F&O expiry day
- Reliance Home, executives slapped with Rs 21
- Arvind Kejriwal to undertake three-day Gujarat visit as AAP airs arrest fears
- Share Market Highlights- Nifty settles below 19400, Sensex below 64850; Bank Nifty advances marginally
- Redevelopment work of Delhi’s Safdarjung railway station in full swing – Photos
- Share Market Highlights- Nifty ends above 18100, Sensex rises 800 points, Nifty IT up nearly 3%; M&M, TCS gain
- RBL Bank, Adani Enterprises, Kotak Bank, Indian Oil, NTPC, PVR, HDFC AMC, Godrej Industries stocks in focus
- Amber Group company ILJIN acquires 60% stake in Ascent Circuits, bolsters EMS play