DSP Mutual Fund launches DSP Banking & Financial Services Fund Offers investors a timely option to invest in the structural growth opportunity

 Mumbai, November 20, 2023: The Banking and Financial Services sector has been a structural growth story in India, which is evident in its outperformance over the broader Nifty 50 Index on all 10-year periods. The returns from the sector have also been more consistent across time periods compared to the broader Nifty 50 Index. However, the sector has been underperforming the Nifty 50 Index since September 2019. Hence, the possibility of a reversal in underperformance combined with reasonable valuations for the Banking and Financial Services sector along with their strong balance sheets present an interesting opportunity to investors. 

DSP Mutual Fund announced the launch of DSP Banking & Financial Services Fund (DSP BFSF), an open-ended scheme that offers investors an opportunity to partake in the long term structural opportunity in the banking and financial services space. Apart from banks, the sector also encompasses major areas like NBFCs including Housing Finance Companies, Life Insurance, Non-Life Insurance, AMC, Exchanges & Depositories, which have all grown at a faster rate than the nominal GDP of India in the last 15 years. All these combined make up a profit opportunity of over $ 4 Trillion.

The Nifty Financial Services TRI has also delivered over 12% returns in 90% of times over a 7+ year timeframe compared to 52% for Nifty 50 TRI. Banking, Financial Services and Insurance (BFSI) forms 38% of the profit pool of the Top 500 companies in India, but is just 26% of the market cap. The last 10-year profit growth for BFSI was 17% compared to 10% among Top 500 companies excluding BFSI. Bank balance sheets have also grown stronger with lower NPAs. This could aid a sustained pick up in credit growth.     

DSP BFSF follows a stock-specific approach that favors business fundamentals over market outlook and attempts to have a high active share compared to the benchmark. It also has the flexibility for Global Investments where the Fund Manager can invest in selective fundamentally sound businesses internationally which are not available in India. 

Under normal circumstances, the asset allocation of DSP BFSF would be between minimum 80% to maximum 100% in equity and equity related securities of companies in the Banking and Financial services  sector, up to 20% in equity and equity related securities of other companies, up to 20% in debt and money market instruments and up to 10% in units issued by REITs and InvITs. 

The New Fund Offer for DSP BFSF will open for subscription on November 20th, 2023, and will close on December 4th, 2023. 

“Companies in the BFSI sector have large profits compared to other sectors. The profit pool is also growing due to the addition of diverse businesses across insurance companies, mutual funds, wealth management firms, tech platforms supporting the industry, payments and fintech. We prefer to raise money in such sectors with long lasting growth when their prices are falling or consolidating. Lenders also have leverage as raw material and hence go through cycles of volatility. In recent years, stocks in the BFSI space have corrected, thus increasing the margin of safety for an investor. We are happy to launch the NFO when valuations are reasonable,” says Kalpen Parekh, MD & CEO, DSP Mutual Fund. 

Find out more about the fund here. 

About DSP Mutual Fund

DSP Mutual Fund has an over 25-year track record of investment excellence. Today, we have the honour of managing money for over 35 lakh investors from all walks of life: hard-working salaried individuals, high-net-worth individuals, NRIs, small and mid-sized business owners, large private & public corporations, trusts and foreign institutions. We take great pride in knowing that we play a key role in the creation of wealth for all our investors and will always continue to be an organization with a purpose - it is our responsibility to make a real difference to the lives of our investors.

DSP Mutual Fund is backed by the 160+ year old DSP Group. Over the past one and a half centuries, the family behind the Group has been very influential in the growth and professionalization of capital markets and money management business in India. DSP Group is currently headed by Mr. Hemendra Kothari.

Our investors’ interests will always remain at the core of our business, and we will continue to maintain a relentless focus on doing what's best for them, as they #InvestForGood. 

Visit us on dspim.com for more

For More information, please contact:

Arun Rajendran

DSP Mutual Fund

E-mail: arun.rajendran@dspim.com

M: +919833005393

Groove to the cool, new rhythm of clean! Savlon Swasth India Mission presents ‘Haath Dhona Cool Hai’

  

Makes washing hands the new cool with 

The Dharavi Dream Project and rapper Emiway Bantai

National, October 31st, 2023: In a unique move to make washing hands more relevant and a cool thing to do with youngsters, Savlon Swasth India Mission has brought together the talented children of The Dharavi Dream Project and popular rap artist Emiway Bantai to present ‘Haath Dhona Cool Hai’ - an anthem that taps into hip hop culture to encourage hand hygiene amongst young India.  

Savlon Swasth India Mission, in its first collaboration with The Dharavi Dream Project, engages and empowers their children as community change ambassadors to further establish that washing hands is a universal practice to prevent the spread of diseases. The Dharavi Dream Project After School of Hip-Hop, a non-profit organisation based in Mumbai, through various educational programmes, mentorships and community engagement, supports children living in Dharavi, Mumbai. Today, Dharavi is known for its culturally vibrant hip hop talent. The popularity of the genre grew as it became the voice of everyday life.  

In line with Savlon Swasth India’s Mission to make the message of handwashing not only informative but also engaging and appealing to the youth, Savlon Swasth India Mission manoeuvres the signature Hip Hop hand rub gesture, prevalent and synonymous to rap artists worldwide, into a symbol to promote hand hygiene. The campaign ‘Haath Dhona Cool Hai’ converts this simple yet significant cultural nuance of hip hop, into a cool promotion that not only encourages youngsters to more readily adopt the ritual of hand hygiene but also helps redefine the mundane task as an engaging and cool thing to do. 

Emiway Bantai, popularly known as the King of the Streets, has written and composed the Handwash Anthem for Savlon Swasth India Mission. He gained widespread recognition for his unique style and catchy lyrics. His raw, authentic style has helped build a dedicated fanbase in India. 

As Savlon Swasth India Mission immerses its innovative communication in the cultural reality of the youth of today, watch and groove to Haath Dhona Cool Hai, the latest track by Emiway Bantai and The Dharavi Dream Project.

Sameer Satpathy, Divisional Chief Executive, Personal Care Products Business, ITC Limited, stated, "Handwashing plays a pivotal role in maintaining overall health. ITC’s Savon Swasth India Mission has been at the forefront of inculcating hand hygiene as a habit and continues to innovate with its communication and product idea to enable this change. With the anthem Haath Dhona Coo Hai, Savlon Swasth India Mission taps into the cultural truth of the youth of today to make the simple but predominant style of the hand rub by rap stars worldwide, an interesting and relatable symbol of washing hands. It is indeed a unique idea that makes washing hands a cool ritual.” 

Iconic rap star, Emiway Bantai adds, "This is genius! I never thought once that the rap style of rubbing hands could mean so much more. I’m excited for this collaboration with Savlon Swasth India Mission as it has done the unthinkable and I can state with full confidence that once you have seen it you will always connect it back to washing hands. I am really glad that Savlon Swasth India Mission spotted it to broach one of the simplest yet the most important conversations on health today - hand hygiene. Watch and groove to the beat of #HandwashLegends!

The Dharavi Dream Project team, as a collective exclaims, “Hand Hygiene is a must for all age groups and across strata of society. We are glad to be a part of this project of global importance and have a platform to express our point of view with Emiway through the foot tapping rap anthem for Savlon Swasth India Mission. Haath Dhona truly cool hai!

About Savlon Swasth India Mission: 

 

The Savlon Swasth India Mission programme by ITC, since its inception in 2016, has covered 25000 schools, reaching out to over 8 million children with its innovative outreach. The ongoing program has delivered measurable success in inculcating hand hygiene habits in primary school children. With innovation in design and communication at its core, Savlon Swasth India Mission has initiated various initiatives over the years like the Savlon Healthy Hands Chalk Sticks, Savlon ID Guard and the recent #NoHandUnwashed campaign to educate and encourage good hygiene habits.  

 

Svayam's 'Accessible Family Toilet Project' Reveals that 76% of People in Rural India, with Reduced Mobility, Struggle to Access Basic Sanitation Facilities

• In four years, 1.44 crore individuals have been made aware of the significance of accessible sanitation across 14 states and 138 districts in India

• 1,008 rural families have successfully availed loans amounting to nearly INR 3 Crore to facilitate the construction of accessible toilets in their homes

19th November 2023, Delhi: Svayam, India's pioneering accessibility organisation and the social impact arm of Jindal SAW, unveils key findings from the ground-breaking Accessible Family Toilet Project, implemented with Foundation for Accessible Aquanir and Sanitation (FAAS- India wing of Water.org). Discovering that over 76% of individuals with reduced mobility struggle to access sanitation facilities through an initial need assessment survey, Svayam initiated this project in 2019 across 14 states and 138 districts of India. Over the 4 years, through 24,500 Self Help Groups (SHGs), Joint Liability Groups (JLGs), and Community-Based Organisations (CBOs) this project has touched lives of about 1.5 crore individuals (approximately 1% of India’s population) and trained over 1554 local plumbers and masons on accessible toilets. Emerging as a beacon of hope and progress, Svayam’s sensitizing and training programs under this project has helped rural India be future ready by building accessible sanitation facilities. 

While toilets are recognised as a basic necessity, there are still a staggering number of people with reduced mobility, including senior citizens, people with disabilities, pregnant women, kids, etc., who are deprived of this facility. Recognising this, Svayam conceived the concept of 'accessible toilets' and drove awareness at the grassroots level on the significance of accessible toilets in Indian households. With 69% of People with Disabilities (PwD) and 71% of India's senior citizens residing in rural parts of India, Svayam led the project intending to improve sanitation facilities for the safety, convenience and dignity of these people.

To understand the need for accessible toilets, a comprehensive three-month need assessment survey was conducted in India, revealing the pressing need for accessible sanitation facilities. Shocking statistics emerged, highlighting the challenges faced by those with disabilities and reduced mobility. In India, 22% of people with disabilities earn less than 3000 per month. Indicating that apart from awareness of what accessible toilets entail, there was also a need for awareness of sanitation loans that are provided through microfinance models such as Self-Help Groups (SHGs), Joint Liability Groups (JLGs) and others. 

Shedding light on this transformative endeavour, Ms. Sminu Jindal, Founder - Chairperson of Svayam and Managing Director of Jindal SAW Ltd., shares, "At Svayam, we firmly believe that accessibility is an inherent human need and an undeniable right for every individual. Our extensive four-year project has shattered myths that accessibility isn't solely essential for individuals with disabilities; it is necessary for all. Through this project, we've witnessed the willingness of rural communities to invest their savings and even take loans to fulfil this fundamental need—accessible toilets at home. What's truly remarkable is the staggering 99.0% repayment rate, a testament to the unwavering commitment of borrowers towards enhancing their quality of life."

The impact of the initiative on individuals has been substantial, with over 1,008 families having successfully availed loans amounting to nearly INR 3 Crore to facilitate the construction of accessible toilets in their homes. The project initially commenced in Maharashtra, Tamil Nadu, Uttar Pradesh, Karnataka, and Odisha. Encouraged by the impact on the beneficiaries, with the assistance of 14 Micro Finance Institutions (MFIs), the project expanded to an additional nine states including, Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Haryana, Madhya Pradesh, Punjab, Rajasthan, Telangana, and West Bengal.

Further, this project's success prompted Svayam and NHFDC Foundation to enter into a Memorandum of Agreement (MoA) to expand it to 17 Swalamban Kendras across seven northern states of India. Kicking off this collaboration, the inaugural activity conducted in Kannauj, Uttar Pradesh, focusing on training plumbers and masons to construct accessible toilets. Concurrently, a village-wide survey is underway by the NHFDC Foundation. Impressively, 70% of the families taking the survey have expressed keen interest in obtaining loans to upgrade their toilets. 

Mr Naveen Shah, Chairman -cum- Managing Director, NDFDC, said, “Svayam and NDFDC Foundation remain committed to promoting accessibility and inclusivity for all individuals, including those with reduced mobility. We have planned to develop a model village in the Kannauj District of Uttar Pradesh, implementing accessible toilets in the households that need them. The response to the survey from the village shows a willingness to adapt to a better lifestyle." 

Svayam's findings and experiences have been myth-breaking, demonstrating that people in India's villages are eager to embrace a more inclusive and accessible lifestyle. At a time when the importance of sanitation is often taken for granted, these accessible toilets address crucial matters of safety and hygiene, empowering families to lead healthier, better lives. Svayam is tirelessly expanding its efforts to create greater awareness about accessible toilets, aiming to magnify its impact across India. 

Impact Driven so far:

• 3,620 families expressed keen interest in adopting accessible toilet facilities at home

• 64% have opted to build accessible toilets for their elderly family members, prioritising their comfort and dignity

• 26% have utilised loans to build toilets for family members with disabilities, including those with obesity and accident victims

• 8% have adopted accessible toilets with future readiness in mind, creating homes that stand prepared for the years ahead to ensure the safety, dignity, and independence of family members as they age in place

• An additional 2% have constructed toilets for pregnant family members at home

• More than 2500 MFI staff were involved in this process to create awareness of Credit Financing for people with reduced mobility

• Over 270 families from Maharashtra alone have opted for loans to build accessible toilets in their homes. 

• These loans have a striking 99.0% repayment rate

• Many have used their savings to modify the toilets to make them accessible



 

About Svayam

Svayam is a leading accessibility organisation that aims to reform infrastructure and transportation to make it accessible for people with reduced mobility. Accessibility aids individuals and gives them the freedom to independently explore the built environment around them, irrespective of their physical capabilities. This was on philanthropist-business visionary Sminu Jindal's mind when she founded Svayam in October 2000. An initiative of the Sminu Jindal Charitable Trust, Svayam is a not-for-profit accessibility pioneer that focuses on creating a barrier-free world for all. 

 

Kalyan Jewellers celebrates International Men’s Day with the launch of its men’s jewellery line – Senhor

Launch campaign features Kalyan Jewellers’ brand ambassador Amitabh Bachchan in a distinctive avatar

Aims to celebrate the occasion of International Men’s Day in unique style!

National, 17th November 2023: Kalyan Jewellers, one of India’s largest and most-trusted jewellery brand has announced the launch of its men’s jewellery line – Senhor, in line with the occasion of International Men’s Day. The company’s brand ambassador Amitabh Bachchan features in the launch campaign in a distinctive avatar, wearing exquisite jewellery from the newly-launched men’s jewellery line. 

Taking inspiration from the Portuguese term for ‘sir’ or ‘gentleman’, the Senhor collection merges contemporary style with classic design, catering to the modern man's desire for distinctive and meaningful accessories. With this all-new collection, the company aims to provide affordable, everyday accessories that effortlessly integrates into modern lifestyles of the today’s consumer. Riding on the trend of growing preference among consumers for men’s jewellery pieces as a gifting option for to-be-grooms, Kalyan Jewellers aims to leverage the ongoing wedding season as an opportunity to strengthen its market share. 

The company foresees substantial growth in the men's jewellery segment, emphasizing its pivotal role in overall industry expansion. Speaking on the collection launch, Mr. Ramesh Kalyanaraman, Executive Director – Kalyan Jewellers said, “The new exclusive men's jewellery collection redefines elegance and strength for the modern Indian male. Each design in the Senhor collection is a testament to the modern Indian male's dynamic spirit and unique style. With an unwavering commitment to craftsmanship and quality, we continue to create timeless treasures that resonate with the bold and discerning consumer. Senhor unveils a new era of sophistication, where every piece tells a story of excellence and every jewel echoes the essence of masculinity.”

The collection features timeless jewellery pieces that specifically acknowledge the individuality and resilience of today's man. This jewellery line offers a diverse range of textures, including dual-tone pieces and minimalistic patterns, aligning with the aesthetic choices of the current generation. The collection encompasses diverse array of jewellery pieces, from gold to platinum, from rose gold to white gold and diamond jewellery, particularly neckpieces, chains, rings and bracelets. The jewellery designs are meticulously crafted, aiming to strike a perfect balance between strength and style.

The jewellery retailed at Kalyan Jewellers is all BIS hallmarked and goes through multiple purity tests. Patrons will also receive Kalyan Jewellers' 4-Level Assurance Certificate, which guarantees purity, free lifetime maintenance of ornaments, detailed product information, and transparent exchange and buy-back policies. The certification is part of the brand's commitment to offering the very best to its loyalists.

Kalyan Jewellers’ offers popular house brands, including Muhurat (Wedding Jewellery Line), Mudhra (Handcrafted Antique Jewellery), Nimah (Temple Jewellery), Glo (Dancing Diamonds), Ziah (Solitaire-like Diamond Jewellery), Anokhi (Uncut Diamonds), Apoorva (Diamonds for Special Occasions), Antara (Wedding Diamonds), Hera (Daily Wear Diamonds), Rang (Precious Stones Jewellery), and the recently launched Lila (Coloured Stones and Diamond Jewellery).

For more information on the brand, its collections and offers, visit https://www.kalyanjewellers.net/

T&C Apply*

About Kalyan Jewellers

Headquartered in Thrissur in the state of Kerala, Kalyan Jewellers is one the largest jewellery retailers in India with a presence in the Middle East. The company has enjoyed a long-standing presence in the Indian market for nearly three decades and has set industry benchmarks in quality, transparency, pricing and innovation. Kalyan offers an array of traditional and contemporary jewellery designs in gold, diamonds and precious stones catering to the distinct needs of the customers. Kalyan Jewellers has over 210 showrooms across India and the Middle East.

Samबहादुर, releasing in theatres only on December 01, 2023!

 

Lucknow, brace yourself - *Sam has arrived*! Armed with charisma, Vicky Kaushal steps into the city for Samबहादुर, releasing in theatres only on December 01, 2023!

Dr. Tushar Palve’s Mission Possible! Best healthcare for women

Mumbai gynecologists strive to treat everything from trauma to breast cancer!

 

Mumbai: Covid; post-abuse trauma; breast cancer; complicated pregnancy & risky childbirth; a woman faces serious life threatening health issues all the time. A good doctor can always help manage these peculiar health problems in women. Dr. Tushar Tatyaba Palve, superintendent with the Cama and Albless Hospital, is on a mission to provide that much-needed expert help to innumerable women patients in and around the Mumbai Metropolitan Region. He’s relentlessly pursuing his mission to ensure good health for women even before the pandemic struck us.

 

Dr. Tushar Palve was appointed as the Superintendent with the Cama & Albless hospital in March 2020 during the first wave of the Corona pandemic. As a head of the hospital and nodal officer for Covid, Dr Tushar Palve went beyond the call of duty to ensure successful treatment of about 1600 Covid patients and 60 Covid-infected babies with a mortality rate of mere 0.06 per cent. So much was his dedication that he was personally collecting the samples on swabs for RTPCR at Cama hospital’s Smart OPD! Some of Dr Tushar’s commendable contributions include setting up the first HDU at the hospital, separate oxygen plant for Covid patients, dedicated centralized oxygen supply to every bed, and a bio-medical waste converter.

Vaccination was a critical element in winning the war against Covid. Dr Tushar Palve led from the front here as well and conducted a whopping 75 vaccination camps. The Covid Vaccination Center (CVC) vaccinated close to 1.40 lakh citizens over a period of time, thus ensuring safety for all.

 

In the next important step, Dr. Tushar Palve targeted the rising breast cancer issue in MMR. Breast cancer can be treated successfully if detected at an early stage. Dr Tushar Palve conducted breast cancer awareness sessions and screening camps at remote areas of Thane, Palghar, Shahapur and underprivileged areas of Mumbai. About 430 women were screened and a whopping 20% of them had breast cancer! Thankfully they could start the treatment immediately. The screening and awareness camps are also being held at various Government offices, banks, court premises and rural areas. These are important and helpful for the women who cannot access or afford the mammography and other related tests.

 

One of the most important and modern aspects for women’s healthcare is trauma care. Recently, Dr. Tushar Palve started a One Stop Crisis (OSC) center at Cama hospital. The OSC focuses on providing a safer and more comfortable environment for survivors of gender-based violence. It is the first such center in a women’s hospital in Mumbai. The OSC has been set up under the Central Government’s Nirbhaya Fund. The OSC will have five beds apart from access to counsellors and lawyers to assist the victims of domestic abuse. Apart from this Dr Tushar Palve led the renovation and modernization of all wards at the Cama hospital over a period. This directly benefits the patients who get access to the latest healthcare infrastructure at the Cama hospital.

Dr. Tushar Palve also has a green thumb – he has created a Miyawaki forest within the limited space of the Cama hospital with the help of Keshav Srushti, an NGO. This Miyawaki forest is now a home to a whopping 125 species of flora and fauna. The total number of trees planted and are happily growing in this forest is over 8500! More importantly, this forest is maintained with great love by the authorities involved.

Dr Tushar Palve has also published several research papers on Covid patient management at national and international conferences. Dr Tushar  Tatyaba Palve has received awards from the Government of Maharashtra as well as Kerala for his great work.

FEDBANK FINANCIAL SERVICES LIMITED INITIAL PUBLIC OFFERING TO OPEN ON WEDNESDAY, NOVEMBER 22, 2023

(L to R) Mr. Anil Kothuri, MD & CEO, Fedbank Financial Services Limited and Mr. C V Ganesh, Chief Financial Officer, Fedbank Financial Services Limited addressing the gathering at the IPO Conference

• Price Band fixed at ₹ 133 to ₹ 140 per Equity Share of face value of ₹ 10 each (“Equity Share”) Employee discount of ₹10 per Equity Share;

• The Floor Price is 13.30 times and the Cap Price is 14.00 times the face value of the Equity Shares; 

• Bid/ Offer will open on Wednesday, November 22, 2023 and close on Friday, November, 24, 2023. The Anchor Investor Bidding Date shall be Tuesday, November 21, 2023;

• Bids can be made for a minimum of 107 Equity Shares and in multiples of 107 Equity Shares thereafter;

• RHP Link:

https://www.icicisecurities.com/Upload/ArticleAttachments/Fedbank%20Financial%20Services%20Limited%20-%20RHP.pdf

National, November 17, 2023: Fedbank Financial Services Limited (The “Company”), shall open its initial public offering of Equity Shares on Wednesday, November 22, 2023. The initial public offering comprises of a fresh issue of Equity Shares aggregating up to ₹ 600 crore (“Fresh Issue”) and an offer for sale up to 35,161,723 Equity Shares by selling shareholders (the “Offer for Sale” and together with the Fresh Issue, the “Offer”). 

The Anchor Investor Bidding Date shall be Tuesday, November 21 2023.  The Offer will open on Wednesday, November 22, 2023 for subscription and will close on Friday, November 24, 2023.

The Price Band of the Offer has been fixed at ₹ 133 to ₹ 140 per Equity Share. Bids can be made for a minimum of 107 Equity Shares and in multiples of 107 Equity Shares thereafter. The offer include reservation of upto ₹ 10 crore for Employees at a discount of ₹ 10 per equity share.

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting Company’s Tier – I capital base to meet Company’s future capital requirements, arising out of the growth of its business and assets. Further, a portion of the proceeds from the Fresh Issue will be used towards meeting Offer Expenses.

 The Offer for Sale comprises of up to 5,474,670 Equity Shares by The Federal Bank Limited (“The Promoter”) and up to 29,687,053 True North Fund VI LLP (“The Investor Selling Shareholder”) 

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the Stock Exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). For the purposes of the Offer, the Designated Stock Exchange shall be National Stock Exchange of India Limited.

The Offer includes a reservation aggregating up to ₹ 10 crore for subscription by Eligible Employee (The “Employee Reservation Portion”) and a discount of up to ₹ 10 per shares of the offer price to eligible employee bidding in the employee reservation portion. (“Employee Discount”) 

The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (“QIB Portion”), provided that our Company and the Selling Shareholders may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. 

Further, 5% of the Net QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs. 

Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders of which (a) one third shall be reserved for applicants with application size of more than ₹200,000 and up to ₹1,000,000; and (b) two third shall be reserved for applicants with application size of more than ₹1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. 

Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. All potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective ASBA accounts, and UPI ID in case of UPI Bidders (defined hereinafter), in which the corresponding Bid Amounts will be blocked by the SCSBs to participate in the Offer. Anchor Investors are not permitted to participate in the Offer through the ASBA process. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. For details, see “Offer Procedure” on page 465.

ICICI Securities Limited, BNP Paribas, Equirus Capital Private Limited and JM Financial Limited are the Book Running Lead Managers to the Issue.

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.

Disclaimer:

FEDBANK FINANCIAL SERVICES LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offering of its Equity Shares and has filed the RHP with RoC on November 16, 2023 and thereafter with the Stock Exchanges. SEBI The RHP shall be available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, the website of the Company at www.fedfina.com and is available on the websites of the BRLMs, i.e.ICICI Securities Limited, BNP Paribas, Equirus Capital Private Limited and JM Financial Limited at www.icicisecurities.com, www.bnpparibas.co.in, www.equirus.com and www.jmfl.com respectively. On page 27 of the RHP , Potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” . Potential investors should not rely on the Draft Red Herring Prospectus filed with SEBI for making any investment decision and instead should place reliance on the RHP. This announcement is not an offer of securities for sale in the United States or elsewhere. The Equity Shares offered in the Offer have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities law. Accordingly, the Equity Shares are only being offered and sold outside the United States to investors that are not U.S. Persons, nor persons acquiring for the account or benefit of U.S. Persons, in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur. There will be no offering of securities in the United States.