Fedbank Financial Services IPO Details | GMP, Date, Price

Fedbank Financial Services IPO

Table of Contents

Fedbank Financial Services IPO Details ( Fedbank Financial Services Limited IPO Review )

(22 Nov 2023 – 24 Nov 2023)

Fedbank Financial Services Limited offers Gold Loans, Home Loans, Loan Against Property (LAP), and Business Loan Services.

Fedbank is a company that focuses on serving individuals rather than being a bank. It has the second-lowest cost of borrowing among small and medium enterprises (MSMEs), gold loans, and similar services in India in Fiscal 2023. Most of its customers are from small businesses and self-employed individuals.

The company provides various types of loans, including home loans, small loans using property as collateral, medium-sized property loans, unsecured business loans, and gold loans. Fedbank uses a Phygital doorstep model, which combines both digital and in-person services, to offer personalized assistance to customers for all its products.

As of March 31, 2023, Fedbank Financial Services has offices in 191 districts across 16 states and union territories in India. It operates through 575 branches, with a strong presence in Southern and Western regions, including Andhra Pradesh (including Telangana) and Rajasthan.

Fedbank Financial Services Limited IPO Competitive Strength

  • We are present in large, underpenetrated markets with strong growth potential
  • We are focused on retail loan products with a collateralized lending model targeting individuals and the emerging MSME sector
  • Strong underwriting capability and presence in select customer segment combined with robust risk
    management capabilities focused on effective underwriting and collections
  • Experienced, cycle tested management team
  • Well diversified funding profile with an advantage of lower cost of funds
  • Technology driven company with scalable operating model
  • We are present in large, underpenetrated markets with strong growth potential

Fedbank IPO Financials Performance ( Results )

Fedbank Financial Services Limited Financial Information (Restated)

All Amount in ₹ Crores

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthReservesBorrowing

Objective of Fedbank IPO 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 IPO Basic Details

IPO DateNov 22, 2023 to Nov 24, 2023
Listing DateTuesday, December 5, 2023
Face Value₹10 per share
Price₹133 to ₹140 per share
Lot Size107 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹1,092.26 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹600.00 Cr)
Offer for Sale35,161,723 shares of ₹10
(aggregating up to ₹492.26 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Share holding pre issue322,477,605
Company PromotersFederal Bank Limited

Fedbank IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% of the Net Issue

Fedbank IPO Timetable

Fedbank IPO will open on November 22, 2023 and close on November 24, 2023. You can join Fedbank IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date22 November 2023 (Wednesday)
Closing Date24 November 2023 (Friday)
Basis of Allotment30 November 2023 (Thursday)
Initiation of Refunds1 December 2023 (Friday)
Credit of Shares to Demat4 December 2023 (Monday)
Listing Date5 December 2023 (Tuesday)
Deadline for UPI mandate confirmation5 PM on 24 November 2023

Fedbank IPO Lot Size

For retail investors in Fedbank IPO, 107 shares will come in 1 lot or the minimum investment will be ₹14,980. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹194,740.

Retail (Min)1107₹14,980
Retail (Max)131,391₹194,740
S-HNI (Min)141,498₹209,720
S-HNI (Max)667,062₹988,680
B-HNI (Min)677,169₹1,003,660

Fedbank Financial IPO Promoter Holding

The company’s promoters include Federal Bank Limited.

Pre Issue Share Holding98.77%
Post Issue Share Holding

Fedbank Financial Services Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)5165.06
Earning Per Share (EPS)₹5.59 per Equity Share
Net Asset Value (NAV)₹42.11 per Equity Share
P/E Ratio (P/E) (x)25.04
Post P/E Ratio (P/E) (x)23.97
Return on Net Worth (RoNW) (%)13.29
Return on equity (ROE) (%)
Return on Capital Employed (ROCE) (%)
Debt/Equity RatioComing Soon

Fedbank Financial Services Ltd Peer Comparison

Company NameConsolidated/
Fedbank Financial Services
Peer Group
Aptus Value Housing LimitedConsolidated2.0010.1028.5815.0667.05
IIFL Finance LimitedConsolidated2.0039.5015.5317.88236.37
Five Star Business Finance
Manappuram Finance LimitedConsolidated2.0017.078.0615.55113.95
Muthoot Finance LimitedConsolidated10.0086.5015.3916.94539.69
SBFC Finance LimitedConsolidated10.001.7048.338.6719.42

Fedbank IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
20 November 2023₹8
19 November 2023₹8
18 November 2023₹8
17 November 2023₹8

Fedbank Financial Services IPO Detail Video:

Fedbank Financial Services IPO Subscription Status (Bidding Detail)

The Fedbank Financial Services IPO on November 24, 2023 at 7:30:00 PM was subscribed 2.24 times, with the retail category being subscribed 1.88 times, the NII (Non-Institutional Investor) category being subscribed 1.49 times, QIB (Qualified-Institutional Buyers) category being subscribed 3.48 times.


Fedbank Financial Services IPO Prospectus

Fedbank Financial Services IPO DRHPDownload
Fedbank Financial Services IPO RHPDownload
Fedbank Financial Services IPO Anchor Investors Details PDFDownload

Fedbank Financial Services IPO Rating

Our Rating3.0/5.0

Fedbank Financial Services Company Contact Information

Fedbank Financial Services Limited

Registered and Corporate Office: Kanakia Wall Street, A Wing, 5th Floor, Unit No. 511, Andheri Kurla Road, Andheri (East), Mumbai 400 093, Maharashtra, India
Tel: +91 22 6852 0601
Website: www.fedfina.com
Contact Person: Rajaraman Sundaresan, Company Secretary and Compliance Officer
E-mail: cs@fedfina.com
Corporate Identity Number: U65910MH1995PLC364635
Our Promoter: the Federal Bank Limited

Fedbank Financial Services IPO Registrar

Link Intime India Private Limited

Registered Office: C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West
Mumbai 400 083, Maharashtra, India
Tel: +91 22 4918 6000
E-mail: fedbankfinancialservices.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: fedbankfinancialservices.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058

Fedbank Financial Services IPO Lead Manager

ICICI Securities Limited

Registered Office: ICICI Venture House Appasaheb Marathe Marg Prabhadevi
Mumbai 400 025, Maharashtra, India
Tel: +91 22 6807 7100
E-mail: fedfina.ipo@icicisecurities.com
Website: www.icicisecurities.com
Investor grievance E-mail: customercare@icicisecurities.com
Contact Person: Shekher Asnani/Gaurav Mittal
SEBI Registration No.: INM000011179

BNP Paribas

Registered Office: 1-North Avenue, Maker Maxity, Bandra Kurla Complex, Bandra (E)
Mumbai 400 051, Maharashtra, India
Tel: +91 22 3370 4000
E-mail: DL.Fedfina.IPO@bnpparibas.com
Website: www.bnpparibas.co.in
Investor grievance e-mail: indiainvestors.care@asia.bnpparibas.com
Contact person: Piyush Ramchandani
SEBI Registration No.: INM000011534

Equirus Capital Private Limited

Registered Office: 12th Floor, C Wing, Marathon Futurex N M Joshi Marg,
Lower Parel, Mumbai 400 013, Maharashtra, India
Tel: +91 22 4332 0700
E-mail: fedfina.ipo@equirus.com
Website: www.equirus.com
Investor grievance e-mail: investorsgrievance@equirus.com
Contact person: Ankesh Jain
SEBI Registration No.: INM000011286

JM Financial Limited

Registered Office: 7th Floor, Cnergy Appasaheb Marathe Marg, Prabhadevi
Mumbai 400 025, Maharashtra, India
Tel: +91 22 6630 3030
E-mail: fedfina.ipo@jmfl.com
Website: www.jmfl.com
Investor Grievance E-mail: grievance.ibd@jmfl.com
Contact Person: Prachee Dhuri
SEBI Registration No.: INM000010361

Fedbank Financial Services IPO FAQs

What is the lot size of Fedbank Financial Services IPO?

The total size of Fedbank Financial Services IPO is ₹1,092.26 crores out of which ₹600.00 crores is fresh issue and ₹492.26 crores is offer for sale (OFS).

When will Fedbank Financial Services IPO start?

Fedbank Financial Services IPO will open from 22 November 2023 and IPO will close on 24 November 2023.

What is the open date of Fedbank Financial Services IPO?

Fedbank Financial Services IPO will open date from 22 November 2023.

What is the last date ( close date ) of Fedbank Financial Services IPO?

Fedbank Financial Services IPO will close from 24 November 2023.

What is the price band of Fedbank Financial Services IPO?

Fedbank Financial Services IPO price band is ₹133 to ₹140. ( Upper Price Band: ₹140, Lower Price Band: ₹133 )

What is the minimum amount required to apply for Fedbank Financial Services IPO?

The minimum investment for retailers to apply for Fedbank Financial Services IPO is
and the maximum investment is ₹194,740.

What is going on gray market premium of Fedbank Financial Services IPO?

View gray market premium of Fedbank Financial Services IPO by Clicking Here

How much is the GMP of Fedbank Financial Services IPO?

Watch Fedbank Financial Services IPO GMP Today: Click Here

What is the allotment date of Fedbank Financial Services IPO?

The allotment date of Fedbank Financial Services IPO is 30 November 2023.

How to check allotment status in Fedbank Financial Services IPO?

To check the allotment status of Fedbank Financial Services IPO, first of all go to the registrar website by clicking here, select your bad Fedbank Financial Services IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Fedbank Financial Services IPO?

The listing date of Fedbank Financial Services IPO is 5 December 2023.

How much will be the listing gain in Fedbank Financial Services IPO?

View listing gain of Fedbank Financial Services IPO by Clicking Here

How much time Fedbank Financial Services IPO is subscribed?

Total 2.24 times subscribed in Fedbank Financial Services IPO out of which 1.88 times subscription was done in retail quota, 1.49 times subscription in NII quota and 3.48 times subscription in QIB quota.

How to apply for Fedbank Financial Services IPO from Upstox?

Click Here to see how to apply for Fedbank Financial Services IPO from Upstox. (step by step)

How to apply for Fedbank Financial Services PO from Zerodha?

Click Here to see how to apply for Fedbank Financial Services IPO from Zerodha. (step by step)

How to apply for Fedbank Financial Services IPO from Angle One?

Click Here to see how to apply for Fedbank Financial Services IPO from Angle One. (step by step)

Leave a Reply

Your email address will not be published. Required fields are marked *