Fedbank Financial Services IPO Listing: After listing at a discount of Rs 2.75, Fedbank Financial Services shares later recovered and were trading at Rs 147.75 during early trade
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.
Fedbank Financial Services has reserved Rs 10 crore worth of shares for its employees who will get them at a discount of Rs 10 to the final offer price
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.