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With their feet on the ground and a more diversified lending model, some of these unlisted banks are now getting ready to tap the capital markets

Fincare Small Finance Bank Ltd has refiled its preliminary IPO papers with market regulator Sebi after updating documents on financial earnings for fiscal 2022-23. This came after the Securities and Exchange Board of India (Sebi) returned the small finance draft IPO (Initial Public Offering) papers on March 3 and asked the company to refile the documents with certain updates.

Fincare Small Finance Bank files IPO documents to market regulator SEBI Fincare Small Finance Bank has filed preliminary papers  for a planned Rs 1,330 crore initial public offering (IPO) with capital market regulator SEBI. Share Via Email   |  A+A A- By Express News Service NEW DELHI:  Fincare Small Finance Bank has filed preliminary papers for a planned Rs 1,330 crore initial public offering (IPO) with capital market regulator SEBI.   The IPO comprises a fresh issue of equity shares of the bank worth 1330 crore and an offer for sale aggregating up to Rs 1,000 crore by the promo...

Source: Highlights The initial public offer (IPO) comprises fresh issue of equity share of the bank worth Rs 330 crore The bank would utilise net proceeds from the fresh issue towards augmenting its Tier-1 capital base. A small portion of the proceeds will be used towards meeting the expenses in relation to the offer. New Delhi, May 9 (PTI) Digital lender Fincare Small Finance Bank has filed preliminary papers with capital market regulator Sebi to raise Rs 1,330 crore through an initial share-sale. The initial public offer (IPO) comprises fresh issue of equity share of the bank worth Rs 330...

India: Fincare Small Finance Bank files draft papers for $182m IPO Photo by Micheile Henderson on Unsplash May 9, 2021 Fincare Small Finance Bank (Fincare SFB) on Sunday filed a draft red herring prospectus with the markets regulator Securities Exchange Board of India to raise ₹1,330 crore via an initial public offering (IPO). Fincare is a “digital-first” SFB with a focus on unbanked and under-banked customers, especially in rural and semi-urban areas. The IPO comprises a fresh issue of ₹330 crore and an offer for sale of ₹1,000 crore by the bank’s promoter entity Fincare Busine...