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.
Fedbank Financial Services have been rated AA by CARE for their non-convertible debentures (NCDs) since 2022, and AA– by India Ratings and Research Private Limited for their NCDs and bank loans since 2018. They are promoted by the Federal Bank, which, they believe, adds a degree of trust among their stakeholders. Federal Bank will continue to own more than 51% of its outstanding share capital after the completion of the Offer. They believe that their long operating history, track record, management expertise, and the “Federal Bank” brand have enabled them to establish a competitive position in the markets they serve and create trust among their customers, lenders, regulators, and investors.
Objects of the Issue
- Augmenting the company’s Tier I capital base to meet the company’s future capital requirements, arising from the growth of the business and assets.
- Meeting offer expenses.
Fedbank Financial Services IPO Review (Apply or Not)
- May Apply
Brokerage Firm IPO Review
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Fedbank Financial Services IPO Date & Price Band Details
|IPO Open:||November 22, 2023|
|IPO Close:||November 24, 2023|
|IPO Size:||Approx ₹1092 Crores|
|Fresh Issue:||Approx ₹600 Crores|
|Offer for Sale:||Approx 35,161,723 shares|
|Face Value:||₹10 Per Equity Share|
|IPO Price Band:||₹133 to ₹140 Per Share|
|IPO Listing on:||BSE & NSE|
|DRHP Draft Prospectus:||Click Here|
|RHP Draft Prospectus:||Click Here|
|Anchor Investors List:||Click Here|
Fedbank Financial Services IPO Market Lot
The Fedbank Financial Services IPO minimum market lot is 107 shares with ₹14,980 application amount. The retail investors can apply up-to 13 lots with 1391 shares or ₹194,740 amount.
Fedbank Financial Services IPO Allotment & Listing Dates
The Fedbank Financial Services IPO date is November 22 and the close date is November 24. The Fedbank Financial Services IPO allotment will be finalized on November 29 and the IPO listing on November 30.
|Anchor Investors Allotment:||November 21, 2023|
|IPO Open Date:||November 22, 2023|
|IPO Close Date:||November 24, 2023|
|Basis of Allotment:||November 29, 2023|
|Refunds:||November 29, 2023|
|Credit to Demat Account:||November 29, 2023|
|IPO Listing Date:||November 30, 2023|
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 NSE and BSE. Check out the Fedbank Financial Services forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Fedbank Financial Services Company Financial Report
|₹ in Crores|
Fedbank Financial Services IPO Valuation – FY2023
Check Fedbank Financial Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
|Earning Per Share (EPS):||₹5.60 per Equity Share|
|Price/Earning P/E Ratio:||N/A|
|Return on Net Worth (RoNW):||13.29%|
|Net Asset Value (NAV):||₹42.11 per Equity Share|
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Fedbank Financial Services IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Fedbank Financial Services IPO Allotment Status Check
Check Fedbank Financial Services IPO allotment status on Linkintime website allotment URL. Click Here
Fedbank Financial Services IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Bnp Paribas
- Equirus Capital Private Limited
- Jm Financial Limited
Fedbank Financial Services Limited
Kanakia Wall Street,
A Wing 5th Floor, Unit No. 511 Andheri Kurla Road,
Andheri (East) Mumbai 400 093
Phone: +91 22 6852 0601
Email: [email protected]
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Note: The Fedbank Financial Services IPO price band and date are officially announced. The IPO grey market premium (Fedbank Financial Services IPO Premium) will be added to the IPO grey market page as it will start).