JSA acts on Fedbank Financial Services IPO

The IPO comprises a fresh Issue of equity shares aggregating up to ₹7,500 million.

Fedbank Financial Services Limited has proposed a initial public offering (IPO) of equity shares comprising a Fresh Issue of up to ₹7,500 million and an Offer for Sale of up to 16,497,973 Equity Shares by The Federal Bank Limited and up to 53,825,435 Equity Shares by True North Fund VI LLP.

ICICI Securities Limited, BNP Paribas, Equirus Capital Private Limited and JM Financial Limited are acting as Book Running Lead Managers to this IPO.

JSA is advising Book Running Lead Managers in this IPO.

The transaction team consisted of Arka Mookerjee (Lead Partner), Siddhartha Desai (Partner), Anshu Bansal (Senior Associate), Shambhavi Kumar (Associate), Varshini Puni (Associate) and Anvita Sinha (Junior Associate).

Arka Mookerjee, Siddhartha Desai
Arka Mookerjee, Siddhartha Desai

Fedbank Financial Services Limited is a retail focused non-banking finance company (“NBFC”) promoted by The Federal Bank Limited. The Company has the second lowest cost of borrowing among the micro, small and medium enterprises (“MSMEs”), gold loan and MSME & gold loan peer set in India in Fiscal 2023.

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