The Fedbank Financial Services IPO minimum market lot is 107 with ₹14,980 application amount. The IPO is a Mainline IPO, and it will list on BSE & NSE.
Fedbank Financial Services is a retail-focused non-banking finance company (NBFC) promoted by The Federal Bank Limited. They have the second lowest cost of borrowing among the micro, small, and medium enterprises (MSMEs), gold loan, and MSME & gold loan peer set in India in Fiscal 2023. They are focused on catering to the MSMEs and the emerging self-employed individuals (ESEIs) sector. According to the CRISIL Report, the ESEI and MSME segment is largely unaddressed by lending institutions in India. They believe that this segment provides them with a sizeable opportunity to rapidly grow and expand further. They have a well-tailored suite of products targeted to match their customers’ needs, which includes mortgage loans such as housing loans; small ticket loans against property (LAP); medium ticket LAP, unsecured business loans, and gold loans. They had their third highest growth in disbursement among the peer set with a three-year CAGR of 35% between Fiscals 2020 and 2023. Their mortgage loans, gold loans, and their unsecured business loans.
IPOWatch View
We recommend investors may apply an IPO with Long term views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Fedbank Financial Services IPO Subscription Status – Day 3
| Category | IPO Subscription Numbers |
| QIB | 3.48 |
| NII | 1.49 |
| bNII | 1.27 |
| sNII | 1.95 |
| RII | 1.88 |
| EMP | 1.34 |
| Total | 2.24 |
Fedbank Financial Services IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Fedbank Financial Services IPO Review
- May Apply
Fedbank Financial Services IPO Form
How to apply for the Fedbank Financial Services IPO? You can apply for Fedbank Financial Services IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Fedbank Financial Services IPO in the Invest section. The other option is you can apply for Fedbank Financial Services IPO via IPO forms downloaded via BSE and NSE. Check out the Fedbank Financial Services forms – Click BSE Forms and NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
