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
