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Fincare Small Finance Bank's initial public offering comprises a fresh issuance of shares worth Rs 625 crore and an offer-for-sale of 1.7 crore equity shares 12 shareholders including promoter entity Fincare Business Services.
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 Limited (“The Bank”) a "digital-first" SFB with a focus on unbanked and under-banked customer segments especially in rural and semiurban areas, has filed Draft Red Herring prospectus with market regulator
The public issue comprises a fresh issuance of shares worth Rs 625 crore, and an offer for sale of 1.7 crore equity shares by promoter and investors.