Fedbank Financial Services Limited
- IPO Date22 Nov, 2023 to 24 Nov, 2023
- Listing Date05 Dec, 2023
- Face Value₹10 per share
- Issue Price₹133 to ₹140 per share
- Lot Size107 Shares
- Minimum Investment₹14,980
- Listing AtBSE, NSE
- Total Issue Size7,80,73,810 Shares
(aggregating up to ₹1093.03 Cr) - Fresh Issue4,29,12,087 Shares
(aggregating up to ₹600.77 Cr)
- Offer for Sale3,51,61,723 Shares
(aggregating up to ₹492.26 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue32,24,77,605
- Shareholding post issue36,53,89,692
IPO Dates
Closing Date
24 Nov, 2023
Initiation of Refunds
04 Dec, 2023
Listing Date
05 Dec, 2023
22 Nov, 2023
Opening Date
30 Nov, 2023
Basis of Allotment
04 Dec, 2023
Credit of Shares
Fedbank Financial Services Limited Lot Size
Investors can bid for a minimum of 107 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| B-HNI (Min) | 67 | 7169 | ₹10,03,660 |
| S-HNI (Min) | 14 | 1498 | ₹2,09,720 |
| S-HNI (Max) | 66 | 7062 | ₹9,88,680 |
| Retail (Max) | 13 | 1391 | ₹1,94,740 |
Fedbank Financial Services Limited Promoter Holding
The Federal Bank Limited is the promoter of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 72.28% | 62.4% |
Fedbank Financial Services Limited COMPANY INFORMATION
Fedbank Financial Services IPO is a book built issue of Rs 1,092.26 crores. The issue is a combination of fresh issue of 4.29 crore shares aggregating to Rs 600.77 crores and offer for sale of 3.52 crore shares aggregating to Rs 492.26 crores. Fedbank Financial Services IPO opens for subscription on November 22, 2023 and closes on November 24, 2023. The allotment for the Fedbank Financial Services IPO is expected to be finalized on Thursday, November 30, 2023. Fedbank Financial Services IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 5, 2023. Fedbank Financial Services IPO price band is set at ₹133 to ₹140 per share. The minimum lot size for an application is 107 Shares. The minimum amount of investment required by retail investors is ₹14,980. The minimum lot size investment for sNII is 14 lots (1,498 shares), amounting to ₹209,720, and for bNII, it is 67 lots (7,169 shares), amounting to ₹1,003,660. ICICI Securities Limited, Bnp Paribas, Equirus Capital Private Limited and Jm Financial Limited are the book running lead managers of the Fedbank Financial Services IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Fedbank Financial Services IPO RHP for detailed information.
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.
Competitive Strengths:
- Presence in large, underpenetrated markets with strong growth potential.
- Focused 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 segments combined with robust risk management capabilities focused on effective underwriting and collections.
- Experienced, cycle-tested management team.
- Well-diversified funding profile with the advantage of lower cost of funds - Technology-driven company with a scalable operating model
FAQs About Fedbank Financial Services Limited
Fedbank Financial Services Limited will open on 22 Nov, 2023 and close on 24 Nov, 2023. Investors must apply within this period to participate.
The Fedbank Financial Services Limited price band is set between ₹133.00 and ₹140.00 per share. The minimum lot size is 107, requiring an investment of at least ₹14980.00.
The Fedbank Financial Services Limited shares are expected to be listed on 05 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Fedbank Financial Services Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Fedbank Financial Services Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.