FedBank Financial Services IPO Overview
You are at right place to check all the details regarding FedBank Financial Services IPO. The dates for FedBank Financial Services IPO is announced. The IPO will open on November 22, 2023 and will close on November 24, 2023. The IPO price band is fixed at Rs 133 to Rs 140 Per Share. The company aims to to raise around Rs1093Cr via this IPO. You can find complete information about FedBank Financial Services IPO in this post.
The lot size for the application is 107 shares and hence minimum amount that you would need for this IPO (by retail investors) is Rs 14980.
About FedBank Financial Services IPO:
Fedbank Financial Services is a retail-focused non-banking finance company (NBFC) promoted by The Federal Bank Limited. They have 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.
They are focused on catering to the MSMEs and the emerging self-employed individuals (ESEIs) sector. According to the CRISIL Report, the ESEI and MSME segment is largely unaddressed by lending institutions in India.
They believe that this segment provides them with a sizeable opportunity to rapidly grow and expand further. They have a well-tailored suite of products targeted to match their customers’ needs, which includes mortgage loans such as housing loans; small ticket loans against property (LAP); medium ticket LAP, unsecured business loans, and gold loans.
They had their third highest growth in disbursement among the peer set with a three-year CAGR of 35% between Fiscals 2020 and 2023. Their mortgage loans, gold loans, and their unsecured business loans.
Fedbank Financial Services have been rated AA by CARE for their non-convertible debentures (NCDs) since 2022, and AA– by India Ratings and Research Private Limited for their NCDs and bank loans since 2018. They are promoted by the Federal Bank, which, they believe, adds a degree of trust among their stakeholders. Federal Bank will continue to own more than 51% of its outstanding share capital after the completion of the Offer.
They believe that their long operating history, track record, management expertise, and the “Federal Bank” brand have enabled them to establish a competitive position in the markets they serve and create trust among their customers, lenders, regulators, and investors.
Objects of the Issue
- 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 IPO Review (Apply or Not?)
May Apply
FedBank Financial Services IPO Brokrage House Reviews:
- BP Equities (BP Wealth): Apply
FedBank Financial Services IPO Date & Price Band Details
| IPO Open: | November 22, 2023 |
| IPO Close: | November 24, 2023 |
| IPO Size: | ₹600 Crore |
| Fresh Issue: | Rs 292 Crore |
| Offer For Sale | 35,161,723 shares |
| Face Value: | Rs10 Per Equity Share |
| IPO Price Band: | ₹133 to ₹140 Per Share |
| IPO Lot Size | 107 Shares |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
FedBank Financial Services IPO Market Lot
The FedBank Financial Services IPO minimum market lot is 107 shares with ₹14,980 application amount. The retail investors can apply up-to 13 lots with 1391 shares or ₹194,740.
| Category | Lot Size | Shares | Required Amount |
| Retail Minimum | 1 | 107 | ₹14,980 |
| Retail Maximum | 13 | 1391 | ₹194,740 |
| S-HNI Minimum | 14 | 1498 | ₹209,720 |
| B-HNI Minimum | 68 | 7169 | ₹10,03,660 |
FedBank Financial Services IPO Allotment & Listing Dates
The FedBank Financial Services IPO date is November 22 and the close date is November 24. The FedBank Financial Services IPO allotment will be finalized on Novermber 30 2023 and the IPO listing on December 05, 2023.
| Anchor Investors Allotment: | November 21, 2023 |
| IPO Open Date: | November 22, 2023 |
| IPO Close Date: | November 24, 2023 |
| Basis of Allotment: | November 30, 2023 |
| Refunds: | December 01, 2023 |
| Credit to Demat Account: | December 04, 2023 |
| IPO Listing Date: | December 05, 2023 |
FedBank Financial Services Company Financial Report
| Year | Revenue (Cr) | Expense (Cr) | PAT (Cr) |
| 2021 | ₹697.56 | ₹620.63 | ₹61.68 |
| 2022 | ₹883.63 | ₹744.42 | ₹103.45 |
| 2023 | ₹1214.68 | ₹956.29 | ₹180.13 |
FedBank Financial Services IPO Valuation
Below is the financial details of FedBank Financial Services for the year FY2023.
| Earning Per Share (EPS): | Rs5.60 per Equity Share |
| P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 13.29% |
| Debt/Equity: | Rs42.11 per Equity Share |
Company Promoters:
- The Federal Bank Limited
Competitor Companies:
- Five Star Business Finance
- Aptus Value Housing Finance
- Muthoot Finance
- Manappuram Finance
- IIFL Finance
FedBank Financial Services IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: fedbankfinancialservices.ipo@linkintime.co.in
Website: https://linkintime.co.in/
FedBank Financial Services IPO Lead Managers
- ICICI Securities Limited
- Bnp Paribas
- Equirus Capital Private Limited
- JM Financial Limited
FedBank Financial Services IPO Allotment Status Check
Allotment status of FedBank Financial Services IPO can be checked on Linkintime website : Click here
Company Address of FedBank Financial Services:
Fedbank Financial Services Limited
Kanakia Wall Street,
A Wing 5th Floor, Unit No. 511 Andheri Kurla Road,
Andheri (East) Mumbai 400 093
Phone: +91 22 6852 0601
Email: cs@fedfina.com
Website: https://www.fedfina.com/
FedBank Financial Services IPO FAQs
When FedBank Financial ServicesIPO will open and close?
The IPO is to open on November 22, 2023 for QIB, NII, and Retail Investors and closes on November 24,2023
What is FedBank Financial Services IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is the FedBank Financial Services IPO Allotment Date?
FedBank Financial Services IPO allotment date is November 30, 2023.
What is the FedBank Financial Services IPO Listing Date?
FedBank Financial Services IPO listing date is December 05, 2023. The IPO is to list on BSE and NSE.
How to Apply the FedBank Financial Services IPO through Zerodha?
You can apply to this IPO through Zerodha by logging in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “FedBank Financial Services”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App like PhonePe or GooglePay etc to Approve the mandate. If you still dont have Demat account with Zerodha you can open it using this link, Open Demat Account with Zerodha.