Tag: Fedbank Financial Services ipo gmp

Fedbank Financial Services, a Federal Bank affiliate, has filed preliminary documents with SEBI to raise Rs. 1700 crore. The IPO consists of a Rs. 900 crore new issuance and an offer for sale (OFS) of up to 45.71 million shares by the company’s existing shareholders and promoters. Federal Bank may own up to 16.50 million shares…