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Date:20-Apr-2024 Time: 2:59 PM |
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| Prospectus Synopsis |
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Fedbank Financial Services Ltd
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| Registered Office:
Kanakia Wall Street A Wing
,
5th Flr Unit No 511 Andheri(E)
,
Mumbai
-
400093
,
Maharashtra
, India.
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Phone:91-22-6852 0601 Fax:
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Email:
cs@fedfina.com
Website:
www.fedfina.com
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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
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| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 22-Nov-23 |
24-Nov-23 |
Rs
140.00-0.00
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Rs
0.00-0.00
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| Minimum Application for shares in Nos :
107
Further Multiples of :
107
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Rs Cr |
Lead Managers to the Issue |
| Project Cost |
0.00 |
JM Financial Ltd |
| Project Financed through Current Offer |
1092.26 |
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| Post Issue Equity Share Capital |
368.99 |
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| Issue Price |
Rs.
140.00
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| Projects |
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To be Utilised towards Augmentation of the Company's Tier-I Capital base to meet the Company's future Capital requirements
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