Fedbank Financial Services IPO Overview: The IPO date for Fedbank Financial Services has been scheduled to commence on November 22, with the closing date set for November 24. The company aims to raise approximately ₹1092 crores through the IPO, which includes a fresh issue of ₹600 crores and an offer for sale of up to 35,161,723 equity shares with a face value of ₹10 each. The allocation for retail investors is 35%, while qualified institutional buyers (QIB) have a 50% allocation, and high net worth individuals (HNI) have a 15% allocation.
Fedbank Financial Services, a non-banking finance company (NBFC) with a strong retail focus, is backed by The Federal Bank Limited. In Fiscal 2023, they boasted the second lowest cost of borrowing within the micro, small, and medium enterprises (MSMEs), gold loan, and MSME & gold loan sectors in India.
With a dedicated focus on serving MSMEs and emerging self-employed individuals (ESEIs), they recognize the substantial untapped potential in these segments, as highlighted by the CRISIL Report. They have tailored their product offerings to meet the diverse needs of their customers, providing services such as housing loans, small and medium ticket loans against property, unsecured business loans, and gold loans. Notably, they achieved the third-highest growth in disbursement among peers, with a three-year CAGR of 35% from Fiscals 2020 to 2023.
Having secured a CARE rating of AA for non-convertible debentures (NCDs) since 2022 and an AA– rating by India Ratings and Research Private Limited for NCDs and bank loans since 2018, Fedbank Financial Services is committed to maintaining a high standard of financial credibility. Their strong association with the Federal Bank, which retains ownership of more than 51% of the outstanding share capital post-Offer, instills trust among stakeholders. The company attributes its competitive position to its extensive operating history, proven track record, management expertise, and the reputable “Federal Bank” brand, fostering trust among customers, lenders, regulators, and investors.
Purpose of the Offering:
- Strengthening the company’s Tier I capital foundation to cater to future capital needs resulting from the expansion of the business and assets.
- Covering the costs associated with the public offering.
Fedbank Financial Services IPO Review (Apply or Not)
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Fedbank Financial Services IPO: Information on Date and Price Band.
| IPO Open: | 22-November-2023 |
| IPO Close: | 24-November-2023 |
| IPO Size: | Approx ₹1092 Crores |
| Fresh Issue: | Approx ₹600 Crores |
| Offer for Sale: | Approx 35,161,723 shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹133 to ₹140 Per Share |
| 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 |
| Anchor Investors List: | Click Here |
The market lot for Fedbank Financial Services IPO
The minimum market lot for the Fedbank Financial Services IPO is set at 107 shares, requiring a ₹14,980 application amount. Retail investors have the option to apply for up to 13 lots, totaling 1391 shares or an amount of ₹194,740.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 107 | ₹14,980 |
| Retail Maximum | 13 | 1391 | ₹194,740 |
| S-HNI Minimum | 14 | 1498 | ₹209,720 |
| B-HNI Minimum | 67 | 7169 | ₹10,03,660 |
Fedbank Financial Services IPO: Allotment and Listing Dates.
The Fedbank Financial Services IPO is scheduled to kick off on November 22, closing its doors on November 24. The allocation of shares for the IPO will be concluded by November 29, with the official listing set to take place on November 30.
| Anchor Investors Allotment: | 21-November-2023 |
| IPO Open Date: | 22-November-2023 |
| IPO Close Date: | 24-November-2023 |
| Basis of Allotment: | 29-November-2023 |
| Refunds: | 29-November-2023 |
| Credit to Demat Account: | 29-November-2023 |
| IPO Listing Date: | 30-November-2023 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Fedbank Financial Services Application Process
Learn how to submit your Fedbank Financial Services IPO application effortlessly. Choose between two convenient methods:
Apply via ASBA (Available in Your Bank Account):
- Access your bank account online.
- Navigate to the Invest section.
- Select Fedbank Financial Services IPO for application through ASBA.
Apply via IPO Forms (Downloadable from NSE and BSE):
- Download blank IPO forms from NSE and BSE.
- Access BSE Forms & NSE Forms for Fedbank Financial Services.
- Complete the downloaded form.
- Submit the filled form to your bank or broker.
Experience a seamless application process with Fedbank Financial Services IPO.
Fedbank Financial Services Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 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 – FY2023
Check Fedbank Financial Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.60 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 13.29% |
| Net Asset Value (NAV): | ₹42.11 per Equity Share |
Peer Group
- Five Star Business Finance
- Aptus Value Housing Finance
- Muthoot Finance
- Manappuram Finance
- IIFL Finance
Company Promoters
- The Federal Bank Limited
Fedbank Financial Services IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Signatureglobal.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Fedbank Financial Services IPO Allotment Status Check
Check Fedbank Financial Services IPO allotment status on Linkintime website allotment URL. Click Here
Fedbank Financial Services IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Bnp Paribas
- Equirus Capital Private Limited
- Jm Financial Limited
Company Address
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 is the Fedbank Financial Services IPO scheduled to open and close?
The IPO is set to open on November 22 and will close on November 24.
When will the allotment of Fedbank Financial Services IPO shares be finalized?
The allotment process is expected to be completed by November 29.
On which date is the Fedbank Financial Services IPO set to be listed?
The IPO is scheduled to be listed on November 30.
What is the minimum market lot for the Fedbank Financial Services IPO?
The minimum market lot is 107 shares, with an application amount of ₹14,980.
What is the maximum number of lots retail investors can apply for in the IPO?
Retail investors have the option to apply for up to 13 lots, totaling 1391 shares or ₹194,740.
