Fincare Small Finance Bank refiles IPO draft papers

8 Aug 2022 , 09:56 AM

Fincare is a small finance bank that prioritizes digital technology and serves underserved and unbanked consumers, particularly in rural and semi-urban areas.

The Securities and Exchange Board of India, which oversees the capital markets, has received new IPO draft documents from Fincare Small Finance Bank.

The Initial Public Offering (IPO) comprises a fresh issue of shares valued at Rs625 crore and an offer by shareholders and promoters to sell up to 17 million shares. The company has previously submitted draught papers for an IPO with a new share issue of Rs330 crore and an OFS of Rs1,000 crore in May 2021.

The 14.93 million shares held by Fincare Business Services, the 4.71 lakh shares held by Wagner Ltd, the 4.44 lakh shares held by True North Fund LLP, the 4.31 lakh shares held by Indium IV (Mauritius) Holdings Ltd, the 2.24 lakh shares held by Omega TC Holdings Pte Ltd, the 1.31 lakh shares held by LeapFrog Rural, the 1.26 lakh shares held by Kotak Mahindra Life Insurance, and the 1.17 lakh shares held by Edelweiss