Fedbank Financial Services has debuted at Rs 137.75 on the BSE, down by 2.25 points or 1.61% from its issue price of Rs 140.
The scrip is currently trading at Rs 146.05, up by 6.05 points or 4.32% from its issue price. It has touched a high and low of Rs 148.00 and Rs 133.15 respectively. So far 13.21 lakh shares were traded on the counter.
The offering, which was open for subscription between November 22, 2023 and November 24, 2023 was subscribed 2.20 times. The issue price was fixed at Rs 140 per share i.e. at upper end of price band of Rs 133-140 apiece.
Fedbank Financial Services is a retail focused non-banking finance company (NBFC) promoted by The Federal Bank.