The Fedbank Financial Services IPO commenced on November 22, 2023, and concluded on November 24, 2023. The allotment of shares took place on November 30, 2023, and the initiation of refunds began on December 1, 2023. The shares were credited to the demat accounts of investors on December 4, 2023. Finally, the listing of Fedbank Financial Services on the stock exchange occurred on December 5, 2023.
The Fedbank Financial Services IPO was priced at ₹133 to ₹140 per share, with a lot size of 107 shares. The total issue size was ₹1,092.26 crores, comprising a fresh issue of ₹600.00 crores and an offer for sale of ₹492.26 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Fedbank Financial Services IPO Basic Details
|Company Name||Fedbank Financial Services Limited|
|Domain of Company||Loan Services Provider|
|Fedbank Financial Services IPO GMP Today||₹5|
|Fedbank Financial Services IPO Listing Gain||3.57%|
|Fedbank Financial Services IPO Open Date||November 22, 2023|
|Fedbank Financial Services IPO Close Date||November 24, 2023|
|Fedbank Financial Services IPO Allotment Date||November 30, 2023|
|Fedbank Financial Services IPO Listing Date||December 5, 2023|
|Face Value||₹10 per share|
|Price||₹133 to ₹140 per share|
|Lot Size||107 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 Sale||35,161,723 shares of ₹10|
(aggregating up to ₹492.26 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE, BSE|
|Company Promoters||Federal Bank Limited|
Fedbank Financial Services IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|20 November 2023||₹5||3.57%||–||–|
|19 November 2023||₹8||5.71%||–||–|
|18 November 2023||₹8||5.71%||–||–|
|17 November 2023||₹8||5.71%||–||–|
Fedbank IPO Details:
Fedbank Financial Services Limited helps people with Gold Loans, Home Loans, Loan Against Property (LAP), and Business Loans.
Fedbank is a company that focuses on everyday people and isn’t a bank. It’s kind of like a bank but different. It’s one of the companies that give money to small and medium businesses (MSMEs), folks who need gold loans, and other companies like that in India. In 2023, it had the second lowest cost of borrowing money among these types of businesses.
Most of the people who use Fedbank’s services are from small businesses and people who work for themselves.
The company offers different kinds of loans. They have loans for houses, smaller loans where you put up your property as a guarantee, and medium-sized loans like that too. They also have loans for businesses that don’t need any guarantee, and of course, they provide gold loans too.
Fedbank has this cool way of doing things. They use both digital and physical ways to help their customers. So, you can get help from them online and in person.
As of March 31, 2023, Fedbank Financial Services has offices in 191 districts in 16 states and union territories in India. They have 575 branches, and they’re mostly in the South and West parts of India, like Andhra Pradesh (including Telangana) and Rajasthan.
Fedbank Financial Services IPO More Details Click Here
Fedbank Financial Services IPO FAQs
When is Fedbank Financial Services IPO open?
Fedbank Financial Services IPO will open on 22 November 2023.
When is Fedbank Financial Services IPO Close?
Fedbank Financial Services IPO will be closed on 24 November 2023.
What is Fedbank Financial Services IPO GMP Today?
The Fedbank Financial Services IPO GMP aka Grey Market Premium is ₹5.
What is Fedbank Financial Services IPO Kostak Rates Today?
The Fedbank Financial Services IPO Kostak Rate is ₹000.
What is Fedbank Financial Services IPO Subject to Sauda Price Today?
The Fedbank Financial Services IPO subject to sauda rates is ₹000.
Fedbank Financial Services IPO Expected Returns?
The Fedbank Financial Services expected return is 3.57%.
How much will be the listing gain in Fedbank Financial Services IPO?
Fedbank Financial Services IPO will get listing gain of 3.57%. (Approx.)