Fincare Small Finance Bank s initial public offering comprises a fresh issuance of shares worth Rs 625 crore and an offer-for-sale of 1.7 crore equity shares 12 shareholders including promoter entity Fincare Business Services.
The reason for the withdrawal is not known yet. The public sector firm had filed its draft red herring prospectus with Sebi in September last year. The public issue was to be an offer-for-sale where the government will sell up to 3.25 crore shares.
Fincare Small Finance Bank s initial public offering comprises a fresh issuance of shares worth Rs 625 crore and an offer-for-sale of 1.7 crore equity shares 12 shareholders including promoter entity Fincare Business Services.