Fedbank Financial Services Ltd - IPO

Fedbank Financial Services Ltd IPO Details

Initial public offer of 78,073,810* equity shares of face value of Rs. 10 each (Equity Shares) of Fedbank Financial Services Limited (Company or Issuer) for cash at a price of Rs. 140 per equity share (including a share premium of Rs. 130 per equity share) (Offer Price) aggregating to Rs. 1092.26*^ crores (the Offer) comprising a fresh issue of 42,912,087* equity shares aggregating to Rs. 6,00.00*^ crores (the Fresh Issue) and an offer for sale of 35,161,723* equity shares aggregating to Rs. 492.26* crores (the Offer for Sale), comprising 5,474,670* equity shares aggregating to Rs. 76.65* crores by the Federal Bank Limited (Promoter Selling Shareholder) and 29,687,053* equity shares aggregating to Rs. 415.62* crores by true north fund vi llp (Investor Selling Shareholder, and together with the promoter selling shareholder, the Selling Shareholders, and such equity shares offered by the selling shareholders, the Offered Shares). This offer included a reservation of 769,230* equity shares aggregating to Rs. 10.00^ crores for subscription by eligible employees (the Employee Reservation Portion). The company in consultation with the brlms, offered a discount of Rs. 10 per equity share of the offer price to eligible employee bidding in the employee reservation portion (Employee Discount). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constituted 21.16% and 20.95% of the post-offer paid-up equity share capital, respectively. *Subject to finalisation of basis of allotment ^ After employee discount

Objective of issue

To be Utilised towards Augmentation of the Company's Tier-I Capital base to meet the Company's future Capital requirements.

Fedbank Financial Services Ltd Contact Details

Fedbank Financial Services Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@fedfina.com

Website - www.fedfina.com