{"id":24855,"date":"2022-02-19T21:33:35","date_gmt":"2022-02-19T16:03:35","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ipo-fedfina\/"},"modified":"2022-02-20T08:40:29","modified_gmt":"2022-02-20T03:10:29","slug":"biz-ipo-fedfina","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ipo-fedfina\/","title":{"rendered":"Federal Bank&#8217;s subsidiary FedFina files IPO papers with Sebi"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3946037612\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 19 (PTI) Fedbank Financial Services Ltd (FedFina), which is promoted by Federal Bank, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). \u00a0 \t The public issue consist of a fresh issue aggregating up to Rs 900 crore and an Offer for Sale (OFS) of up to 45,714,286\u00a0equity shares by promoter and investor, according to the draft red herring prospectus (DRHP). \u00a0 \u00a0  \t The OFS comprises up to 16,497,973 equity shares by Federal Bank and up to\u00a0 29,216,313 equity shares by True North Fund VI LLP. \u00a0 \u00a0 \u00a0 \t Federal Bank will continue to own more than 51 per cent of the outstanding share capital post the completion of this offering.\u00a0 \u00a0 \u00a0 \u00a0 \t The company proposes to utilise the net proceeds from the fresh issue towards augmenting its Tier &#8211; I capital base to meet its future capital requirements arising out of the growth of business and assets.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \t FedFina is a retail-focused NBFC and operates a &#8220;twin engine&#8221; business model, with two complementary products &#8212;\u00a0 gold loans and instalment loans to MSMEs and emerging self-employed individuals. \u00a0 \u00a0 \u00a0 \u00a0 \t The company believes that its long operating history, track record, management expertise and the Federal Bank brand have enabled it to establish a competitive position in the market.  \u00a0 \u00a0  \t ICICI Securities, Equirus Capital, IIFL Securities and JM Financial are the book running lead managers to the issue. PTI SP  ABM ABM<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4017864427\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<div class=\"trade-after-content\" id=\"trade-2197455873\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 19 (PTI) Fedbank Financial Services Ltd (FedFina), which is promoted by Federal Bank, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). \u00a0 The public issue consist of a fresh issue aggregating up to Rs 900 crore and an Offer for Sale (OFS) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1516,31],"tags":[],"class_list":["post-24855","post","type-post","status-publish","format-standard","hentry","category-ipo","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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