Fedbank Financial Services is set to launch an IPO which will open on November 22, 2023, and close on November 24, 2023. Through this public offer the company wants to raise Rs. 1092.26 Crore from the primary market, The Company fixed the price band of Rs. 133-140 with a minimum lot of 107 shares, and listed on December 05, according to the preliminary papers filed to the capital market regulator SEBI.
About Fedbank Financial Services Company
Fedbank Financial Services (1995)(NBFC) is promoted by the leading bank “FEDERAL BANK”. The Bank’s main focus is on retail loans and gold loans to MSMEs with the lowest borrowing cost.
Fedbank financial service is the 3rd fastest-growing gold loan NBFC in India (2023) with a CAGR of 33% between the fiscal year 2020 and 2023.
Company products: Gold loan, Home loan, Loan against property, Business loan, etc. As of March 31, 2023, the company has branch 575.
Fedbank Financial Services IPO Object
The objects of which the net proceeds from the fresh issue shall be utilized are as follows:
- For augmentation of the company’s Tire-1 capital base for business purposes.
- Issue expenses.
Fedbank Financial Services Strength
- Focused on retail loan products and emerging MSME sector which is difficult to replicate.
- Qualified and experienced management team
- Strong growth potential and large
- Well-diversified funding profile with the advantage of lower cost of funds.
Fedbank Financial Services Risk Factor
Inability to adequately asses and recover the defaulted loans promptly.
Fedbank Financial Services IPO Review & Rating
| Issue Size (Rs.) | 1092.26 crore |
| Issue Price (Rs.) | 133 to 140 per share |
| Minimum Lot Size | 107 shares |
| Total Profit (March 2023) (Rs.) | 1.69 crore |
| RoCE (%) | 13.29% |
| NAV (Rs.) | 24.11 |
| Listing on | BSE and NSE |
| IPO Deliver Rating | Seven |
Fedbank Financial Services IPO Dates, Price Band & Details
Fedbank Financial Services IPO will open on November 22, 2023, and close on November 24, 2023. The IPO list on December 05, 2023.
| Type of issue | Book Built Issue IPO |
| Issue Size (Rs.) | 1092.26 crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | November 22, 2023 |
| IPO Close Date | November 24, 2023 |
| IPO Allotment Date | November 30, 2023 |
| Refund Date | December 01, 2023 |
| Share Credit Date | December 04, 2023 |
| Listing Date | December 05, 2023 |
Fedbank Financial Services IPO Offer
Fedbank Financial Services IPO total issue size is – shares which comprises below mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | – | 600 crore |
| Offer for Sale (OFS) | 35,161, 723 | 492.26 crore |
Fedbank Financial Services Financials Review (crore)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 1214.68 | 883.64 | 697.57 |
| Net Worth | 1355.68 | 1152.52 | 834.73 |
| Profit | 180.13 | 103.46 | 61.68 |
| Total Borrowings | 7135.82 | 5016.84 | 4,328.09 |
Fedbank Financial Services IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 5.60 | 3.32 | 2.19 |
| RoNW (%) | 13.29 | 8.97 | 7.39 |
| NAV (Rs.) | 42.11 |
Fedbank Financial Services IPO Peer Comparison (Top 2)
There are listed companies in India that are comparable in all aspects of business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Muthoot Finance | 89.99 | 16.94 | 539.69 |
| Manappuram Fina. | 17.72 | 15.55 | 113.95 |
Fedbank Financial Services Company Promoters
As per the DRHP and RHP, the company has one Promoter.
| Serial No. | Name |
| 01. | M/s. Federal Bank Limited |
Fedbank Financial Services Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 98.77 |
| Post- Issue | – |
Fedbank Financial Services IPO Reservation
Fedbank Financial Services IPO total reservation shares distributed between the below-mentioned categories.
| Category | No. of Shares |
| QIB Share Offered | 50% of the issue size |
| RII Share Offered | 35% of the issue size |
| NII Share Offered | 15% of the issue size |
Fedbank Financial Services IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 107 Shares and a maximum of 13 lots of 1,391 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 01 | 107 | 14,980 |
| Retail Maximum | 13 | 1391 | 1,94,740 |
Fedbank Financial Services IPO – Prospectus
An investor can download/view the Fedbank Financial Services prospectus copy, which was filed by the company to SEBI, details are as follows.
| Fedbank Financial Services IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Fedbank Financial Services IPO Registrar
Link Intime India Private Limited
Tel No.: +91-810 811 4949
E-Mail: fedbankfinancialservices.ipo@linkintime.co.in
Website: www.linkintime.co.in
Fedbank Financial Services IPO lead manager
#1. ICICI Securities Limited
#2. BNP Paribas
#3. JM Financial Limited
#4. Equirus Capital Private Limited
Fedbank Financial Services IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Fedbank Financial Services IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Fedbank Financial Services Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Fedbank Financial Services Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Fedbank Financial Services Company Details
Fedbank Financial Services Limited (1995)
Registered Office: Kanakia Wall Street, A Wing 5th Floor, Unit No. 511, Andheri East, Mumbai – 400093
Tel: +91-2268 520601
Email: cs@fedfina.com
Website: www.fedfina.com
Investor Grievances/Compliance Officer: Mr. Rajaraman Sundaresan
Fedbank Financial Services Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Fedbank Financial Services Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Mr. Balakrishnan |
| 02. | Mr. Anil Kothuri |
Fedbank Financial Services IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Fedbank Financial Services IPO?
Ans: Fedbank Financial Services brings its mainboard IPO of Rs. 1092.26 crore, on November 22, 2023, with a price band of Rs. 133-140 per share.
Q-2 What is Fedbank Financial Services IPO Open date?
Ans: Fedbank Financial Services IPO opening date is November 22, 2023.
Q-3 What is Fedbank Financial Services IPO Close date?
Ans: Fedbank Financial Services IPO closing date is November 24, 2023.
Q-4 What is Fedbank Financial Services IPO Listing date?
Ans: Fedbank Financial Services IPO listing date is December 05, 2023.
Q-5 What is Fedbank Financial Services IPO Minimum investment amount?
Ans: Fedbank Financial Services IPO minimum investment amount is Rs. 14, 980.
Q-6 What is Fedbank Financial Services IPO offer issue Size?
Ans: Fedbank Financial Services offers an issue size of Rs. 1092.26 Crores.
Q-7 What is Fedbank Financial Services IPO Price Band?
Ans: Fedbank Financial Services IPO price band is Rs 133-140 per share.
Q-8 Is Fedbank Financial Services IPO mainboard IPO or SME IPO?
Ans: Fedbank Financial Services IPO is the mainboard IPO.
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