Fedfina IPO: Fedbank Financial Services raises ₹325 crore from anchor investors ahead of IPO
₹324.67 crore from anchor investors, a day before the opening of its initial public offering (IPO) on Tuesday, November 21. The company listed the names of the 22 investors who took part in the anchor book in a regulatory filing.
Additionally, the company mentioned four mutual funds that made applications via five schemes. Also Read: Fedbank Financial Services shares worth ₹329.99 crore gets allotted to investors ahead of IPO "The board of directors of the company in their meeting held on November 21, 2023, and the selling shareholders in consultation with the Book Running Lead Managers (BRLMs) to the offer, has finalised allocation of 23,191,374 equity shares to anchor investors at the anchor investor allocation price of ₹140 per equity share," the company said in an exchange filing.
Among the major anchor investors are Goldman Sachs (Singapore) PTE, Societe Generale, HDFC Mutual Fund, HDFC Life Insurance, SBI Life Insurance, Nippon Life India, Kotak Mahindra Life Insurance, Tata AIA Life Insurance, Bajaj Allianz Life Insurance, and Teach India. Also Read: Flair Writing Industries bags ₹177 crore from anchor investors ahead of IPO launch Participating domestic mutual funds included Edelweiss Trusteeship Co Ltd., Bandhan Emerging Business Fund, HDFC Mutual Fund, and Nippon Life India.
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