Fedbank Financial Services IPO Subscription Status – IPO Closed

Fedbank Financial Services IPO subscription status started on Wednesday, November 22, 2023 and will close on November 24, 2023. Fedbank Financial Services IPO to raise around ₹1092.26 crores via IPO. The retail quota is 35%, QIB is 50% and NII is 15%. The price band is fixed at ₹133 to ₹140 per equity share.

Fedbank Financial Services IPO

Table of Contents

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

CategoryIPO Subscription Numbers
QIB3.48
NII1.49
bNII1.27
sNII1.95
RII1.88
EMP1.34
Total2.24


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.

Fedbank Financial Services IPO Subscription Status FAQs:


When Fedbank Financial Services IPO Subscription will start?

The IPO subscription starts on November 22, 2023 for NII, QIB and Retail Investors.

How to subscribe Fedbank Financial Services IPO?

You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.

How do I check live Fedbank Financial Services IPO Subscription Numbers Today?

One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official websites. One can check the live subscription on official websites on the particular IPO page.

How to Apply the Fedbank Financial Services IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Fedbank Financial Services”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Fedbank Financial Services IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Fedbank Financial Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Fedbank Financial Services IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Fedbank Financial Services” Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is the Fedbank Financial Services IPO Allotment Date?

Fedbank Financial Services IPO allotment date is November 30, 2023.

What is the Fedbank Financial Services IPO Listing Date?

Fedbank Financial Services IPO listing date is December 5, 2023. The IPO is to list on BSE and NSE.

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