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Fedbank Financial Services Ltd

Fedbank Financial Services Ltd (Ticker: FEDFINA IN) is an Indian company specializing in a range of consumer and commercial financial services, including loans for home, auto, car, gold, and personal purposes, as well as mortgage services, catering to a diverse customer base in India. On November 16, 2023, the company announced its Initial Public Offering on the National Stock Exchange of India. Fedbank Financial Services Ltd aims to raise INR 6.00 billion (USD 72.08 million) through this offering.

The IPO is being managed by BNP Paribas/Mumbai, Equirus Capital Pvt Ltd, ICICI Securities Ltd, and JM Financial Ltd. The expected listing date is December 5, 2023. The offering includes 35.16 million secondary shares. The expected price range and offer price details are yet to be announced.

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