IPO

Fedbank Financial Services Limited

Mainboard

Finance - NBFC

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

₹ 14980 /107 Shares

Check Allotment

22 Nov, 2023

Open Date

24 Nov, 2023

Close Date

29 Nov, 2023

Allotment Date

30 Nov, 2023

Listing Date
Price Summary

Last Closing

142.00 (1.43%)

52 Week High

166.80

52 Week Low

80.00

Last Update

19-Dec-2025 3:30 PM
Fedbank Financial Services Limited IPO Issue Details
  • Issue Price ₹133-140 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Total ₹1092.26 Cr :
    #Fresh Issue : [.] shares(aggregating up to ₹600.00 Cr) +
    #OFS : [.] shares of ₹10(aggregating up to ₹492.26 Cr)
  • Listing at BSE, NSE
  • List Price 138.0(NSE)
  • Listing Date 2023-11-30
  • Lead Manager ICICI Securities Limited
    Bnp Paribas
    Equirus Capital Private Limited
    Jm Financial Limited
  • Registrar Link Intime India Private Ltd
Fedbank Financial Services Limited IPO Details
  • 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)
Fedbank Financial Services Limited IPO Documents
DRHP
RHP
ANCHOR
Fedbank Financial Services Limited IPO Details


The IPO of Fedbank Financial Services Limited is priced at ₹133-140 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Nov 22, 2023 and ends on Nov 24, 2023. The allotment for Fedbank Financial Services Limited IPO will be finalized on Nov 29, 2023. Fedbank Financial Services Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 30, 2023. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are ICICI Securities Limited, Bnp Paribas, Equirus Capital Private Limited, Jm Financial Limited.


The Fedbank Financial Services Limited IPO sets its price band at 133-140 for each share. A single application for Fedbank Financial Services Limited must contain at least 107 shares.

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Fedbank Financial Services Limited IPO Subscription Analysis And Details
Retail
1.82x
QIB
3.51x
NII
1.45x
bNII
1.23x
sNII
1.89x
Total
2.20x
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
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
In Crs.
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 Fedbank Financial Services Limited 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.

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Fedbank Financial Services Limited - Promoter(s)

The Federal Bank Limited

Pre Issue Share Holding : N/A%

Post Issue Share Holding : N/A%

Fedbank Financial Services Limited IPO - Issue Objectives
1

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.

2

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.