Fedbank Financial Services Ltd
Price Range
₹133 - ₹140
Min. Quantity
107
Closes on
24 November 2023
Min. investment
₹14,980/1,391 Shares
Fedbank Financial Services Ltd IPO Timeline
Fedbank Financial Services Ltd (FFS) was incorporated on 17th April 1995 and a subsidiary of The Federal Bank Ltd. The Company was registered as a Non banking Financial Company(NBFC) on 24th August 2010. The Company is into the business of lending mainly against Gold and Property, Wholesale Lending and also distributes retail loan/insurance products for a fee. The Company currently operates through 99 locations mainly spread across South India, 8 locations of Distribution vertical shared between LAP and Wholesale Lending business.
| Event | Date |
|---|---|
| Fedbank Financial Services Ltd IPO Opening Date | 22 November 2023 |
| Fedbank Financial Services Ltd IPO Closing Date | 24 November 2023 |
| Basis of Allotment | 28 November 2023 |
| Initiation of Refunds | 29 November 2023 |
| Credit of Shares to Demat | 29 November 2023 |
| Fedbank Financial Services Ltd IPO Listing Date | 30 November 2023 |
Fedbank Financial Services Ltd IPO Details
| Fedbank Financial Services Ltd IPO Date | 22 November 2023 to 24 November 2023 |
| Fedbank Financial Services Ltd IPO Face Value | ₹10 per share |
| Fedbank Financial Services Ltd IPO Price | ₹133 to ₹140 per share |
| Fedbank Financial Services Ltd IPO Lot Size | 107 |
| Issue Size | Shares of ₹10 (aggregating up to ₹1,092.26 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹600 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹492.26 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 1,53,49,339 of the Net Offer |
| Retail Shares Offered | Not less than 2,78,32,919 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 1,19,28,394 of the Net Offer |
| Company Promoters | Federal Bank Ltd |
Fedbank Financial Services Ltd IPO Lot Size
The Fedbank Financial Services Ltd IPO lot size is 107 shares. A retail-individual investor can apply for up to 13 lots (1,391 shares or ₹1,94,740).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 107 | ₹14,980 |
| Maximum | 13 | 1,391 | ₹1,94,740 |
- Strengths
- Risks
- Opportunities
- The Company's presence in large, underpenetrated markets with strong growth potential;
- Its "twin engine" business model which ensures growth and risk insulation across economic cycles;
- Focus on retail loan products with a collateralized lending model targeting individuals and the emerging MSME sector which is difficult to replicate;
- 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.
Company Financials
Fedbank Financial Services Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 11,137.84 | 1,623 | 244.70 |
| 03-2023 | 9,070.99 | 1,214.67 | 180.13 |
| 03-2022 | 6,555.71 | 883.64 | 103.46 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To be Utilised towards Augmentation of the Company's Tier-I Capital base to meet the Company's future Capital requirements
Fedbank Financial Services Ltd IPO Promoter Holding
| Pre Issue Share Holding | 72.28% |
| Post Issue Share Holding | 71.44% |
Fedbank Financial Services Ltd IPO Subscription Status (Bidding Detail)
The Fedbank Financial Services Ltd IPO is subscribed 2.2 times on 24 November 2023 05:00:00 PM. The public issue subscribed 1.82 times in the retail category, 3.51 times in the QIB category, and 1.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 3.51 | 1.45 | 1.82 | 1.34 | 2.2 |
Fedbank Financial Services Ltd IPO Prospectus
Fedbank Financial Services Ltd IPO Listing Date
| Listing Date | 30 November 2023 |
| BSE Script | 544027 |
| NSE Symbol | FEDFINA |
| Listing In | BSE, NSE |
| ISIN | INE007N01010 |
| IPO Price | ₹140 |
| Face Value | ₹10 |
Company Contact Information
Kanakia Wall Street A Wing5th Flr Unit No 511 Andheri(E),Mumbai-400093
Phone: 91-22-6852 0601
Email: cs@fedfina.com
Website: www.fedfina.com
Fedbank Financial Services Ltd IPO Registrar
Fedbank Financial Services Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- Equirus Capital Pvt Ltd
- BNP Paribas
- JM Financial Ltd
FAQ
What is the issue size of Fedbank Financial Services Ltd IPO?
I have pre-applied for Fedbank Financial Services Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.