Fedbank Financial Services Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹133 - ₹140
- Lot size
- 107 shares
- Issue amount
- ₹1,092.26 cr
- Total subscription
- 2.2×
- Opens
- 22 Nov 2023
- Closes
- 24 Nov 2023
- Allotment
- 29 Nov 2023
- Listing
- 30 Nov 2023
Offer at a glance
Issue overview
- Issue size
- 7,80,73,810 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,231
- Fresh issue
- ₹600.77 cr
- Offer for sale
- ₹492.26 cr
- Registrar
- Link Intime India Private Ltd
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,980
- Issue type
- Book Built Issue IPO
- Shares before issue
- 0
- Shares after issue
- 36,53,89,692
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 107 | ₹14,980 |
| sHNI | 14 | 1,498 | ₹2,09,720 |
| bHNI | 67 | 7,169 | ₹10,03,660 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 214.89 | 753.55 |
| RETAIL | 389.66 | 711.08 |
| NIB | 167 | 242.26 |
| HNIs 2+ | 55.67 | 105.35 |
| HNIs 10+ | 111.33 | 136.92 |
| EMPLOYEES | 11.38 | 15.3 |
Financial performance
Company financials
in ₹ Crore · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 5.6 |
| ROE | 14.36 |
| ROCE | 13.29 |
| RONW | 0 |
| PRE IPO(PE) | 25.04 |
| POST IPO(PE) | 23.97 |
Values and labels as reported in the issue data.
Company information
Company profile
Fedbank Financial Services Limited is a retail-focused NBFC offering Gold Loans, Home Loans, Loans Against Property (LAP), and Business Loans, mainly serving MSMEs and emerging self-employed individuals. It has one of the lowest borrowing costs among peers in FY23, helping it offer competitive lending products. The company provides housing loans, small and medium ticket LAP, unsecured business loans, and gold loans, and uses a “Phygital” model that blends digital technology with doorstep physical service. As of March 31, 2023, Fedbank Financial Services operated 575 branches across 191 districts in 16 states and union territories, with a strong presence in the Southern and Western regions of India.
Strengths
- Strong Presence in High-Growth Markets: Operates in large and underpenetrated regions with strong future potential.
- Focused Collateral-Based Retail Lending: Targets individuals and MSMEs with a model that is difficult for competitors to replicate.
- Robust Underwriting & Risk Management: Deep customer insights, effective underwriting, and strong collections capability.
- Experienced, Cycle-Tested Leadership: Management team with proven track record across economic cycles.
- Diversified Funding & Scalable Tech Model: Access to low-cost funds and technology-driven operations that support scalable growth.
Promoters
The Federal Bank Limited
Registrar & documents
Lead manager
ICICI Securities Limited, Bnp Paribas, Equirus Capital Private Limited, Jm Financial Limited
Registrar & contacts
Link Intime India Private Ltd
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Kanakia Wall Street, A Wing 5th Floor, Unit No. 511 Andheri Kurla Road, Andheri (East) Mumbai 400 093
+91 22 6852 0601
[email protected]Company website ↗Understanding FEDFINA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.