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

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 InvestorPortion	Bid price (Rs. per Equity Share)	Total AmountAllocated (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 ANDFINANCIAL 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 COMPANYLIMITED	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 COMPANYLIMITED	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 COMPANYLIMITED	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 – EDELWEISSMF 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 INSURANCECOMPANY LIMITED	4,71,547	2.03%	140	66,016,580
21	CITIGROUP GLOBAL MARKETS MAURITIUSPRIVATE LIMITED	4,71,547	2.03%	140	66,016,580
22	EDELWEISS TRUSTEESHIP CO LTD AC – EDELWEISSMF 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 InvestorPortion	Bid price (Rs. per Equity Share)	Total AmountAllocated (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