According to Fincare Small Finance Bank Ltd SEBI has provided final comments on its proposed first public offerings (IPO).The bank intends to generate money through an initial public offering (IPO) by issuing equity shares with a face value of Rs. 10 for each , consisting of a fresh issue of up to Rs. 625 crore and an offer for sale of up to 17.000.000 equity shares by promoter and investor selling shareholders.
A “digital-first” small finance bank, Fincare Small Finance Bank focuses on under- and unbanked customer categories, particularly in rural and semi-urban areas. It adheres to a business strategy centered on financial inclusion and seeks to offer people and businesses with cost-effective financial products and services that satisfy their needs.
