Fedbank Financial Services Limited
Mainboard₹14,980 / 107 Shares
Fedbank Financial Services Limited IPO Details
The Fedbank Financial Services Limited IPO price band is set between ₹133-140 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 22 Nov, 2023 and closes on 24 Nov, 2023. Investors can check the allotment status on 29 Nov, 2023, while the listing date is tentatively scheduled for 30 Nov, 2023.
The total issue size is Total ₹1092.26 Cr :#Fresh Issue : [.] shares, aggregating up to ₹600.00 Cr. Stay tuned for the latest Fedbank Financial Services Limited IPO review and GMP updates.
Fedbank Financial Services Limited IPO Review, Rating & Analysis
Fedbank Financial Services Limited IPO Review
NO REVIEWFedbank Financial Services Limited IPO Rating
Fedbank Financial Services Limited IPO Highlights
IPO Date
Nov 22, 2023 - Nov 24, 2023
Listing Date
30 Nov, 2023
Face Value
₹10 Per Equity Share
Price Band
₹133-140 per equity share
Lot Size
107 Shares
Fresh Issue
[.] Shares
Offer for Sale
[.] shares of ₹10
Listing At
BSE, NSE
Fedbank Financial Services Limited IPO Lot Size
The minimum market lot for Fedbank Financial Services Limited IPO is 107 shares with an application amount of ₹14,980. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1391 | ₹1,94,740 |
| S-HNI (Min) | 14 | 1498 | ₹2,09,720 |
| S-HNI (Max) | 66 | 7062 | ₹9,88,680 |
| B-HNI (Min) | 67 | 7169 | ₹10,03,660 |
Fedbank Financial Services Limited IPO Timeline
Issue Price
₹133-140 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
ICICI Securities LimitedBnp ParibasEquirus Capital Private LimitedJm Financial LimitedIssue Size
Total ₹1092.26 Cr :#Fresh Issue : [.] shares(aggregating up to ₹600.00 Cr) +
#OFS : [.] shares of ₹10(aggregating up to ₹492.26 Cr)
Fedbank Financial Services Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 9070.99 | 1214.68 | 180.13 | - | - | - |
| 31 Mar 22 | 6555.71 | 883.64 | 103.46 | - | - | - |
| 31 Mar 21 | 5466.31 | 697.57 | 61.68 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- The Federal Bank Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A% | N/A% |
About Company
Fedbank Financial Services Limited provides Gold Loans, Home Loans, Loan Against Property (LAP) and Business Loan Services.
Fedbank is a retail-focused non-banking finance company (NBFC), with 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. The company's clientele comes mainly from the MSME and emerging self-employed individuals (ESEI) sectors.
The company's product range includes mortgage loans such as housing loans; small ticket loans against property (LAP); and medium ticket LAP, unsecured business loans, and gold loans. The company also has a Phygital doorstep model, a combination of digital and physical initiatives, for providing customized services to customers across all the products.
As of March 31, 2023, Fedbank Financial Services has offices in 191 districts in 16 states and union territories in India through 575 branches with a strong presence in Southern and Western regions of India including Andhra Pradesh (including Telangana) and Rajasthan.
Fedbank Financial Services Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|
Frequently Asked Questions about Fedbank Financial Services Limited IPO
When will Fedbank Financial Services Limited IPO open for subscription?
The Fedbank Financial Services Limited IPO opens on 22 Nov, 2023 and closes on 24 Nov, 2023.
What is the investors portion for Fedbank Financial Services Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is .
How to apply for Fedbank Financial Services Limited IPO?
You can apply for Fedbank Financial Services Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Fedbank Financial Services Limited IPO?
The issue size of Fedbank Financial Services Limited IPO is approx ₹Total ₹1092.26 Cr :#Fresh Issue : [.] shares(aggregating up to ₹600.00 Cr) +#OFS : [.] shares of ₹10(aggregating up to ₹492.26 Cr) crores.
What is the price band of Fedbank Financial Services Limited IPO?
The price band for Fedbank Financial Services Limited IPO is ₹133 to ₹140 per equity share.
What is the lot size of Fedbank Financial Services Limited IPO?
The minimum bid (lot size) for Fedbank Financial Services Limited IPO is N/A shares with an investment of approx ₹14,980 .
What is the allotment date of Fedbank Financial Services Limited IPO?
The allotment date for Fedbank Financial Services Limited IPO is 29 Nov, 2023.
What is the listing date of Fedbank Financial Services Limited IPO?
The listing date for Fedbank Financial Services Limited IPO is expected to be 30 Nov, 2023.
What is the GMP of Fedbank Financial Services Limited IPO?
The latest Grey Market Premium (GMP) for Fedbank Financial Services Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.