Fedbank Financial Services share price see a weak debut at Rs137.75, 1.61% lower
1 year ago

Fedbank Financial Services share price see a weak debut at Rs137.75, 1.61% lower

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Fedbank Financial Services share price saw a weak debut as they listed 1.61% lower at Rs137.7 on Thursday, November 30 Fedbank Financial Services share thereafter dipped to low of ₹133.15 on the BSE, 4.89% lower than the issue price and 3.33% lower than the listing price. Fedbank Financial Services IPO price band had been fixed in the range of ₹133 to ₹140 per equity share of face value of ₹10. This indicated that market participants were anticipating listing of the Fedbank Financial Services IPO at the upper end of the IPO price band at Rs140 apiece without any premium. Federal Bank arm Fedbank financial Services IPO comprised of fresh issue of equity shares up to the value of ₹600 crore and an offer-for-sale of up to 35,161,723 equity shares by the promoters selling shareholders and promoter group make up the offer, which has a face value of ₹10 per equity share, as per RHP.

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