Fedbank Financial IPO share allotment to be finalised today. Here's how you can check status
Fedbank Financial IPO is expected to be finalised today. Investors will receive shares on a lottery basis and the whole process is being supervised by the registrar.
On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.
Step 1: Visit the BSE Website
Step 2: Please select the issue name, that is the company's name in the dropdown.
Step 3: Enter the application number or PAN number to check the allotment status.
The company's shares are expected to get listed on the exchanges on November 30.
According to market sources, Fedbank Financial is commanding a premium of Rs 0 in the unlisted market.
Considering the upper price band of Rs 140, the stock is expected to make a flattish.
Of all the IPOs that were launched last week, the issue of Fedbank Financial received the least subscription at 2 times.
Fedbank Financial is one among five private bank-promoted NBFCs in India. It focuses on catering to the MSMEs and the emerging self-employed individuals sector.
As of March 2023, the company boasts of the third fastest AUM growth among NBFCs in India with a three-year CAGR of 33% between FY20-23.
