The Fedbank Financial Services IPO started on November 22, 2023, and ended on November 24, 2023. Shares were allocated on November 30, 2023, and refund processes began on December 1, 2023. On December 4, 2023, the shares were credited to investors demat accounts. Fedbank Financial Services was officially listed on the stock exchange on December 5, 2023.
During the IPO, Fedbank Financial Services offered shares at a price range of ₹133 to ₹140 per share, and the lot size was 107 shares. The total issue size was ₹1,092.26 crores, with ₹600.00 crores from new shares and ₹492.26 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Fedbank IPO Subscription Update Video
Fedbank Financial Services IPO Subscription Status
The Fedbank Financial Services IPO on November 24, 2023 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, the QIB (Qualified-Institutional Buyers) category being subscribed 3.48 times.
| Category | Subscription |
| QIB | 3.48x |
| NII | 1.49x |
| Retail | 1.88x |
| Employee | 1.34x |
| Total | 2.24x |
Fedbank Financial Services IPO Basic Details
| Company Name | Fedbank Financial Services Limited |
| Domain of Company | Loan Services Provider |
| 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 |
About Fedbank Financial Services Limited
Fedbank Financial Services Limited helps people with Gold Loans, Home Loans, Loan Against Property (LAP), and Business Loans.
Fedbank is like a bank, but it’s not a regular bank. It’s a company that focuses on everyday people. In 2023, it was one of the cheapest ways for small businesses, gold loans, and other small loans in India. Most of its customers are from small businesses and people who work for themselves.
Fedbank offers different types of loans, like loans for homes, small loans with property as a guarantee, and medium-sized property loans. They also give loans without needing any guarantee for small businesses, and they offer gold loans too. Fedbank has a special way of working called the Phygital doorstep model. It’s a mix of using computers and talking to people face-to-face. This helps them give special services to customers for all their different products.
As of March 31, 2023, Fedbank Financial Services has offices in 191 districts across 16 states in India. They have 575 branches, and most of them are in the South and West parts of India, like Andhra Pradesh (including Telangana) and Rajasthan.
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Fedbank Financial Services IPO FAQs
What is the start and end date of Fedbank Financial Services IPO Subscription?
The Fedbank Financial Services IPO started on November 22, 2023, and ended on November 24, 2023.
When does Fedbank Financial Services IPO Subscription open?
The Fedbank Financial Services IPO open on November 22, 2023.
When does Fedbank Financial Services IPO Subscription close?
The Fedbank Financial Services IPO Close on November 24, 2023.
What is the allotment date of Fedbank Financial Services IPO?
The allotment date for Fedbank Financial Services IPO is November 30, 2023.
When is the initial refund date of Fedbank Financial Services IPO?
The initial Refund date for Fedbank Financial Services IPO is December 1, 2023.
When were the shares credited to investors demat accounts for the Fedbank Financial Services IPO?
The shares for the Fedbank Financial Services IPO were credited to investors demat accounts on December 4, 2023.
When will Fedbank Financial Services IPO be listed on the stock market?
Fedbank Financial Services IPO stock market will be listed on December 5, 2023 at 10 am.
What was the price range of the Fedbank Financial Services IPO shares?
The Fedbank Financial Services IPO shares were offered at a price range of ₹133 to ₹140 per share.
What was the lot size for the Fedbank Financial Services IPO shares?
The lot size for the Fedbank Financial Services IPO shares was 107 shares.
What was the total issue size of the Fedbank Financial Services IPO?
The total issue size of the Fedbank Financial Services IPO was ₹1,092.26 crores.
How were the shares allocated among different types of investors for the Fedbank Financial Services IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Fedbank Financial Services IPO listed?
The Fedbank Financial Services IPO was listed on both the NSE and BSE.
What is the Fedbank Financial Services IPO Subscription Status?
Fedbank Financial Services IPO is subscribed 2.24 Times.
