The Fedbank Financial Services IPO subscription status has started on November 22, 2023, and it is also being subscribed by QIB, NII, and RII. The Fedbank Financial Services IPO began on 22 November 2023 and closes on 24 November 2023. Fedbank Financial Services IPO is preparing to raise ₹1092.26 crores through its fresh issue and offer for sale, in which the fresh issue is ₹600.77 crores and the offer for sale is ₹492.26 crores, and the Fedbank Financial Services IPO price band is fixed ₹133 to ₹140 per share. Check out Fedbank Financial Services’ IPO GMP here.
Fedbank Financial Services Limited a subsidiary of The Fedral Bank Limited. The company second and third 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 and three-months period ended June 30, 2023. The company are focused on catering to the MSMEs and the emerging self-employed individuals (“ESEIs”) sector.
Fedbank Financial Services IPO reserved shares in this IPO, 50% for QIB and 15% for NII, and 35% for the retail category have been reserved. To know the Fedbank Financial Services IPO Subscription Status, you can see the below-day Subscription. You can check Fedbank Financial Services IPO Allotment Status here.
Fedbank Financial Services IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹180.13 Cr ₹140 /EQ 5.60 25.00x 14.36 % 13.29 % – % – ₹42.11 ₹9412.51 Cr ₹5165.06 Cr 72.28 % 62.40 % |
| Team Review : | ✔ Apply For Long Term |
Fedbank Financial Services IPO Subscription Status {Live Update} :
The total Fedbank Financial Services IPO Subscription Status subscribed 2.20x times so far, with QIB subscribed 3.51x and NII subscribed 1.45x times & RII 1.82x times and EMP 1.34x times on Day 3. (Closed)
| Category | Day 1 | Day 2 | Day 3 |
| QIB : | 0.0x | 0.56x | 3.51x |
| NII : _________ bNII (above ₹10L): sNII (below ₹10L): | 0.21x ______ 0.26x 0.19x | 0.54x ______ 0.36x 0.90x | 1.45x ______ 1.23x 1.89x |
| RII : | 0.67x | 1.30x | 1.82x |
| EMP : | 0.37x | 0.79x | 1.34x |
| Total : | 0.38x | 0.92x | 2.20x |
Fedbank Financial Services IPO Net Shares Offered:
Fedbank Financial Services IPO is a public issue of 78,117,588 equity shares. The issue offers 15,460,916 shares to qualified institutional buyers, 11,595,687 shares to non-institutional investors, and 27,056,603 shares to retail investors.
| Category | Net EQ Offer | Amount(in Cr) |
| Anchor : | 23,191,374 | 324.68 |
| QIB : | 15,460,916 | 216.45 |
| NII : ________________________ bNII (bids above ₹10L) : sNII (bids below ₹10L) : | 11,595,687 ______________ 1,950,658 975,329 | 162.34 _______ 27.31 13.65 |
| RII : | 27,056,603 | 378.79 |
| EMP : | 813,008 | 11.38 |
| Total : | 78,117,588 | 1,093.65 |
Investor Categories Define :
■ Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds, insurance companies, and pension schemes.
■ Non-Institutional Investors(NII): Retail Individual Investors, NRIs, Companies, Trusts, etc
● sNII (bids below Rs 10L): The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category.
● bNII (bids above Rs 10L): The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory.
■ Retail Individual Investors (RII): Retail Individual Investors or NRIs
■ Employee (EMP): Eligible Employees
■ Others: Eligible Shareholders
Fedbank Financial Services IPO Subscription Status FAQs :
How much was the total Fedbank Financial Services IPO Subscription Status?
The total Fedbank Financial Services IPO Subscription Status 2.20x times Day 3.
What is the Fedbank Financial Services IPO retail subscription Status?
Fedbank Financial Services IPO Retail Subscription 1.80x times Day 3.
How much is the Fedbank Financial Services IPO QIB subscription Status?
The Fedbank Financial Services IPO QIB subscription 3.51x times Day 3.
How much did Fedbank Financial Services IPO NII subscribe?
Fedbank Financial Services IPO NII Subscription 1.45x times Day 3.
What is Fedbank Financial Services IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is Fedbank Financial Services IPO Allotment Date?
Fedbank Financial Services IPO allotment date is 30 November 2023.
What is Fedbank Financial Services IPO Listing Date?
Fedbank Financial Services IPO listing date is 05 December 2023. The IPO to list on NSE, BSE.
How to Apply the Fedbank Financial Services IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Fedbank Financial Services IPO”. 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.
How to Apply the Fedbank Financial Services IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Fedbank Financial Services IPO”. 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.
How to Apply the Fedbank Financial Services IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Fedbank Financial Services IPO”. 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.
How to Apply the Fedbank Financial Services IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Fedbank Financial Services IPO”. 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.
| Fedbank Financial Services IPO GMP: Click Here Fedbank Financial Services IPO Details: Click Here Fedbank Financial Services IPO Allotment: Click Here Fedbank Financial Services IPO Listing: Click Here |
All Fedbank Financial Services IPO-related links are available here. If you want to know the details then click on Click Here Link.
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