The non-banking finance company company Fedbank Financial Services IPO will be hit the market 22 November 2023 and closes on 24 November 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹1092.26 crore through IPO. The company will issue fresh shares of ₹600.77 crores through this IPO and will issue shares through offer for sale of ₹492.26 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
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. You can check Fedbank Financial Services IPO Allotment Status here.
The company has a well-tailored suite of products targeted to match our customers’ needs, which includes mortgage loans such as housing loans; small ticket loan against property (“LAP”); and medium ticket LAP, unsecured business loans, and gold loans. You can check Fedbank Financial Services IPO GMP here.
| Read also: Upcoming IPO List 2023 |
The company headquartered in Mumbai, Maharashtra. As of June 30, 2023, The company are present in 17 states and union territories across India with a strong presence in Southern and Western regions of India. The company covered 190 districts in 17 states and union territories in India through 584 branches. Our branches are located in states, such as Andhra Pradesh (including Telangana) and Rajasthan, which have better asset quality than other states as of Fiscal 2023. You can check Fedbank Financial Services IPO subscription status here.
Object Of the Issue :
- 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.
Company Strengths :
- Our presence in large, underpenetrated markets with strong growth potential.
- Our focus 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.
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 Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 22 November 2023 |
| IPO Close : | 24 November 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹133 – ₹140 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹1092.26 Cr {78,073,810 Shares} |
| Fresh Issue : | ₹600.77 Cr {42,912,087 Shares} |
| Offer For Sale : | ₹492.26 Cr {35,161,723 Shares} |
| EMP Discount : | ₹10 Per Share |
Fedbank Financial Services IPO Market Lot :
Fedbank Financial Services IPO Minimum Market lot is 1 Lot with 13 shares with ₹14,980 Application amount. The retail investors can apply up to 13 lots with 1391 Shares or ₹194,740 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 107 | ₹14,980 |
| Retail Maximum : | 13 | 1391 | ₹194,740 |
| S-HNI Minimum : | 14 | 1498 | ₹209,720 |
| S-HNI Maximum : | 66 | 7062 | ₹988,680 |
| B- HNI Minimum : | 67 | 7169 | ₹1,003,660 |
Fedbank Financial Services IPO Reservation :
Fedbank Financial Services IPO Total Reservation of 78,073,810 shares are to be bid for the public issue by Fedbank Financial Services IPO with 39,036,905 for QIB and 11,711,071 for NII 27,325,834 For RII.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 39,036,905 | ₹546.52 |
| NII : | 15% | 11,711,071 | ₹163.95 |
| RII : | 35% | 27,325,834 | ₹382.56 |
| Total : | 100% | 78,073,810 | ₹1093.03 |
Fedbank Financial Services IPO EPS & RoNW :
The Fedbank Financial Services company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹5.60 | 13.29% | ₹42.11 |
| 2022 | ₹3.32 | 8.97%% | ₹35.88 |
| 2021 | ₹2.19 | 7.39% | ₹28.79 |
Fedbank Financial Services IPO Peer Comparison PE :
The Fedbank Financial Services, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Aptus Value Housing | 28.58 |
| 2. | IIFL Finance | 15.53 |
| 3. | Five Star Business Finance | 37.54 |
| 4. | Manappuram Finance Limited | 8.06 |
| 5. | Muthoot Finance Limited | 15.39 |
| 6. | SBFC Finance Limited | 48.33 |
Fedbank Financial Services IPO Dates :
Fedbank Financial Services IPO Date is 22 November 2023 and closes on 24 November 2023. The allotment will be finalized on 30 November 2023 and the IPO may list on 05 December 2023.
| Anchor Date : | 21 November 2023 |
| Open Date : | 22 November 2023 |
| Close Date : | 24 November 2023 |
| Allotment Date : | 30 November 2023 |
| Refund Date : | 01 December 2023 |
| Share Credit Date : | 04 December 2023 |
| Listing Date : | 05 December 2023 |
Fedbank Financial Services IPO Form :
There are two ways to apply in Fedbank Financial Services IPO. You can apply for Fedbank Financial Services IPO through ASBA available in your bank account. You have to go to your online bank login and select Fedbank Financial Services IPO in the Invest section and apply through your bank account. Another option is you can apply for Fedbank Financial Services IPO through IPO form download through NSE and BSE. See the Fedbank Financial Services IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Fedbank Financial Services Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹1,214.68 | ₹956.29 | ₹180.13 |
| 2022 | ₹883.64 | ₹744.43 | ₹103.46 |
| 2021 | ₹697.57 | ₹620.64 | ₹61.68 |
Company Promoters :
■ Balakrishnan Krishnamurthy
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Fedbank Financial Services IPO Lead Managers :
■ ICICI Securities Limited
■ BNP Paribas
■ Equirus Capital Private Limited
■ JM Financial Limited
Fedbank Financial Services IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai 400 083, Maharashtra, India
Tel: +91 22 4918 6000
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Fedbank Financial Services IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Fedbank Financial Services Limited
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
E-mail: [email protected]
Website: www.fedfina.com
Fedbank Financial Services IPO FAQs :
What is Fedbank Financial Services IPO?
Fedbank Financial Services IPO is Mainboard IPO. They are going to raise ₹1092.26 Crores via IPO. The issue is priced at ₹133-₹140 per equity share. The IPO is to be listed on NSE, BSE.
When Fedbank Financial Services IPO will open?
The IPO is to open on 22 Nov – 24 Nov for QIB, NII & RII.
What is Fedbank Financial Services IPO Size?
Fedbank Financial Services IPO size is ₹1092.26 Crores.
What is the Fresh issue size of Fedbank Financial Services IPO?
The Fresh issue size of Fedbank Financial Services IPO ₹600.77 Cr.
What is the Offer For Sale size of Fedbank Financial Services IPO?
The Offer For Sale size of Fedbank Financial Services IPO ₹492.26 Cr.
What is Fedbank Financial Services IPO Price Band?
Fedbank Financial Services IPO Price Band is ₹133-₹140 Per share.
What is Fedbank Financial Services IPO Minimum and Maximum Lot Size?
The minimum 107 Shares with ₹14,980 amount while the maximum 1391 shares with ₹194,740.
What is Fedbank Financial Services IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, 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 Subscription: Click Here Fedbank Financial Services IPO Allotment: Click Here Fedbank Financial Services IPO Listing: Click Here Fedbank Financial Services IPO Web Story: 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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