Fedbank Financial Services Limited — Others, 28-07-2025: Monitoring Agency Report

Fedbank Financial Services has confirmed, via a Monitoring Agency Report for the latest quarter, that funds raised from its Initial Public Offer (IPO) are being utilized as planned. The net IPO proceeds, initially 573.91 Cr, were primarily allocated to augment the capital base. This figure has slightly increased to 574.49 Cr, due to 0.58 Cr less spent on issue-related expenses than estimated. A small unutilized balance of 0.25 Cr from these expenses will also be added to the capital base later. This update assures investors that fund deployment remains on schedule and in line with the IPO objectives.