Fedbank Financial Services Limited

Mainboard

Finance - NBFC

Listed On: Nov 30, 2023 at ₹ 138.0(NSE)

₹ 14980 /107 Shares

Check Allotment

Price Summary

Last Closing

118.71 (-15.21%)

52 Week High

153.60

52 Week Low

108.75

Last Update

19-Sep-2024 3:30 PM

Fedbank Financial Services Limited IPO Details

22 Nov, 2023

Open Date

24 Nov, 2023

Close Date

29 Nov, 2023

Allotment Date

30 Nov, 2023

Listing Date

Issue Price

₹133-140 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

138.0(NSE)

Listing Date

2023-11-30

Market Lot

Retail : 107 Shares (₹14,980/-)
S-HNI : 1,498 Shares (₹2,09,720/-)
B-HNI : 7,169 Shares (₹10,03,660/-)

Lead Manager

ICICI Securities Limited
Bnp Paribas
Equirus Capital Private Limited
Jm Financial Limited

Issue Size

Total ₹1092.26 Cr :
#Fresh Issue : [.] shares(aggregating up to ₹600.00 Cr) +
#OFS : [.] shares of ₹10(aggregating up to ₹492.26 Cr)

Retail Portion

35% (Number of Retail Applications: 2,52,686 Approx),
(Number of S-HNI Applications : 2,578 Approx),
(Number of B-HNI Applications : 5,157 Approx)

Subscription

2.20 times

IPO Docs

DRHP RHP ANCHOR

Fedbank Financial Services Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Employee	Total
Shares Offered / Reserved	15,460,916	11,595,687 1,950,658 975,329	27,056,603	813,008	55,923,660
Day 1 - 22-11-23 05:00 PM	0.00 x	0.21 0.26 x 0.19 x	0.67 x	0.37 x	0.38 x
Day 2 - 23-11-23 05:00 PM	0.56 x	0.52 0.69 x 0.44 x	1.26 x	0.78 x	0.90 x
Day 3 - 24-11-23 05:00 PM	3.51 x	1.45 1.23 x 1.89 x	1.82 x	1.34 x	2.20 x

Total No. of Applications: 365,909 (Approx)

Fedbank Financial Services Limited Valuations

Earnings Per Share (EPS)

₹5.6/-

P/E Ratio

25.04

RoNW

13.29%

Net Asset Value (NAV) - As on 31.03.22

₹N/A

Fedbank Financial Services Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	9,070.99	6,555.71	5,466.31
Revenue	1,214.68	883.64	697.57
Profit After Tax	180.13	103.46	61.68

About The 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 - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

The Federal Bank Limited

Fedbank Financial Services Limited IPO - Issue Objectives

Augmenting 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.

Fedbank Financial Services Limited IPO - Anchor Investors

Fedbank Financial Services IPO | Company receives Rs 325 crore from anchor investors.

As per the filing to exchanges, total 22 investors participated in the anchor book including Societe Generale, Integrated Core Strategies, Marshall Wace Investment Strategies, Goldman Sachs, Segantii India Mauritius, Copthall Mauritius Investment, and Citigroup Global Markets.

Domestic mutual funds and insurance companies like Nippon Life India, SBI Life Insurance Company, HDFC Mutual Fund, HDFC Life Insurance Company, Bandhan Mutual Fund, Kotak Mahindra Life Insurance Company, Tata AIA Life Insurance Company, Bajaj Allianz Life Insurance Company, and Canara HSBC Life Insurance Company also invested in the company via anchor book.

Fedbank Financial Services Limited IPO - FAQs

Ans. Fedbank Financial Services Limited is a Mainboard IPO. The issue is priced at ₹133-140 per equity share. The minimum order quantity is 107 Shares. The IPO opens on Nov 22, 2023, and closes on Nov 24, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Fedbank Financial Services Limited opens on Nov 22, 2023 and closes on Nov 24, 2023.

Ans. The size of Fedbank Financial Services Limited is Total ₹1092.26 Cr : #Fresh Issue : [.] shares(aggregating up to ₹600.00 Cr) + #OFS : [.] shares of ₹10(aggregating up to ₹492.26 Cr).

Ans. The IPO price band is set between ₹133-140 per equity share.

Ans. To apply for Fedbank Financial Services Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Fedbank Financial Services Limited in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Fedbank Financial Services Limited is Nov 29, 2023.

Ans. The Fedbank Financial Services Limited will be listed on Nov 30, 2023.

Ans. Follow the steps to check the allotment status for Fedbank Financial Services Limited here.