New Delhi: M S Dhoni-backed Finbud Financial Services, a phygital lending enabler, on Friday said it has fixed a price band of Rs 140-142 per share for the Rs 71.6 crore initial share sale.

The initial public offering (IPO) will open for subscription on November 6 and close on November 10. Bidding for anchor investors will open for a day on November 4, Finbud Financial Services said in a statement.

The IPO is entirely a fresh issue of 50.48 lakh equity shares, aggregating to Rs 71.68 crore at the upper end of the price band.

Proceeds from the issue will be used by the company towards working capital requirements, investment in subsidiary LTCV Credit Pvt Ltd, funding for business development and marketing activities and repayment of debt.

The balance will be utilised towards general cor

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