March 15, 2025

Fedbank Financial Services Limited raises ₹324.67 crore from 22 anchor investors at the upper price band of ₹140 per equity share

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Fedbank Financial Services Ltd, has allotted 23,191,374 Equity Shares to 22 anchor investors and raised 324.67 crore ahead of company’s proposed IPO at the upper price band of 140 per equity share (including premium of 130 per equity shares) with face value of 10 per share.

The anchor allocation is as follows:

 

Sr.

No.

Name of the Anchor Investor No. of Equity Shares allocated % of Anchor Investor

Portion

Bid price (Rs. per Equity Share) Total Amount

Allocated (Rs.)

1 NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA BANKING & FINANCIAL SERVICES FUND 17,85,723 7.70% 140 250,001,220
2 SBI LIFE INSURANCE COMPANY LIMITED 17,85,723 7.70% 140 250,001,220
3 HDFC MUTUAL FUND – HDFC BANKING AND

FINANCIAL SERVICES FUND

17,85,723 7.70% 140 250,001,220
4 HDFC LIFE INSURANCE COMPANY LTD 17,85,723 7.70% 140 250,001,220
5 BANDHAN EMERGING BUSINESSES FUND 17,85,723 7.70% 140 250,001,220
6 SOCIETE GENERALE – ODI 14,14,640 6.10% 140 198,049,600
7 KOTAK MAHINDRA LIFE INSURANCE COMPANY

LIMITED

12,85,712 5.54% 140 179,999,680
8 TATA AIA LIFE INSURANCE COMPANY LTD A/C UNIT LINKED MULTICAP FUND 12,85,712 5.54% 140 179,999,680
9 BAJAJ ALLIANZ LIFE INSURANCE COMPANY

LIMITED

12,85,712 5.54% 140 179,999,680
 

10

NATIXIS INTERNATIONAL FUNDS (LUX) I –

LOOMIS SAYLES GLOBAL EMERGING MARKETS EQUITY FUND

 

12,85,712

 

5.54%

 

140

179,999,680
11 CANARA HSBC LIFE INSURANCE COMPANY

LIMITED

10,71,498 4.62% 140 150,009,720
12 MARSHALL WACE INVESTMENT STRATEGIES –

EUREKA FUND

10,71,498 4.62% 140 150,009,720
13 EDELWEISS TRUSTEESHIP CO LTD AC – EDELWEISS

MF AC – EDELWEISS RECENTLY LISTED IPO FUND

8,57,177 3.70% 140 120,004,780
14 BCAD Fund 7,23,641 3.12% 140 101,309,740
15 INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD 7,23,641 3.12% 140 101,309,740
16 SEGANTII INDIA MAURITIUS 4,71,547 2.03% 140 66,016,580
17 GOLDMAN SACHS (SINGAPORE) PTE.- ODI 4,71,547 2.03% 140 66,016,580
18 INDIA MAX INVESTMENT FUND LTD 4,71,546 2.03% 140 66,016,440
19 COPTHALL MAURITIUS INVESTMENT LIMITED –

ODI ACCOUNT

4,71,547 2.03% 140 66,016,580
20 UNIVERSAL SOMPO GENERAL INSURANCE

COMPANY LIMITED

4,71,547 2.03% 140 66,016,580
21 CITIGROUP GLOBAL MARKETS MAURITIUS

PRIVATE LIMITED

4,71,547 2.03% 140 66,016,580
22 EDELWEISS TRUSTEESHIP CO LTD AC – EDELWEISS

MF AC – EDELWEISS AGGRESSIVE HYBRID FUND

4,28,535 1.85% 140 59,994,900
Total 2,31,91,374 100.00% 3,246,792,360

 

Out of the total allocation of 2, 31,91,374 Equity shares to the Anchor Investors, 6,642,881 Equity shares (i.e.  28.64% of the total allocation to the Anchor Investors) were allocated to 4 (Four) domestic mutual funds have applied through a total 5 (Five) schemes.

Sr.

No.

Name of Scheme No. of Equity Shares allocated % of Anchor Investor

Portion

Bid price (Rs. per Equity Share) Total Amount

Allocated (Rs.)

1 NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA BANKING & FINANCIAL SERVICES FUND 1,785,723 7.70% 140 250,001,220
2 HDFC MUTUAL FUND – HDFC BANKING AND FINANCIAL SERVICES FUND 1,785,723 7.70% 140 250,001,220
3 BANDHAN EMERGING BUSINESS FUND 1,785,723 7.70% 140 250,001,220
4 EDELWEISS TRUSTEESHIP CO LTD AC – EDELWEISS MF AC – EDELWEISS RECENTLY LISTED IPO FUND 857,177 3.70% 140 120,004,780
5 EDELWEISS TRUSTEESHIP CO LTD AC – EDELWEISS MF AC – EDELWEISS AGGRESSIVE HYBRID FUND 428,535 1.85% 140 59,994,900
TOTAL 6,642,881 28.64% 930,003,340

Book Running Lead Managers to the Issue:

ICICI Securities Limited, BNP Paribas, Equirus Capital Private Limited and JM Financial Limited

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