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
Fedbank is looking to raise Rs 1,092.26 crore through the offer, which comprises a fresh issuance of 4.29 crore shares worth Rs 600.77 crore and an offer-for-sale of 3.51 crore shares worth Rs 492.26 crore
Fedbank Financial Services has offices in 191 districts in 16 states and union territories in India through 575 branches with a strong presence in Southern and Western India.
Fedbank Financial Services IPO | The bidding for the initial public offering will start on November 22, and the last day will be November 24. The price band for the offer has been fixed at Rs 133-140 per share.