The ₹1,092.26 crore IPO of Fedbank Financial Services, a retail-focused non-banking finance company, achieved full subscription on the last day of bidding.
Investors bid for 5,05,84,571 shares on the second day (November 23) against the available 5,59,23,660 shares, translating into a subscription rate of 90%, as per BSE data.
Fedbank Financial Services IPO: Fedbank is looking to raise Rs 1,092 crore through the offer that comprises a fresh issuance of 4.29 crore shares worth Rs 600.77 crore and an offer-for-sale (OFS) of 3.51 crore shares worth Rs 492.26 crore
The Fedbank Financial Services IPO garnered a subscription rate of 38% on the first day of offering. The IPO received bids for 2,14,85,493 shares against the 5,59,23,660 shares available for subscription, as per BSE data.