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IPO Status: Listed [22nd Nov 2023 to 24th Nov 2023]
Fedbank Financial Services Limited launches its mainline IPO on the NSE and BSE. The total offer consists of a new issue worth Rs 750.00 Cr and an OFS worth Rs 350.00 Cr. You can apply for this IPO from Nov 22 to 24, 2023. The face value is Rs 10 per share. To apply for this SME IPO, you need to buy a minimum lot size of at least 107 shares or multiples thereof in the described price range of Rs 133 to Rs 140 per share.
Stay connected with us for the latest information on Fedbank Financial Services Limited IPO including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 22nd Nov 2023 |
| IPO Issue Closing Date: | 24th Nov 2023 |
| IPO Issue Price: | ₹133.00-140.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹1092.26 Cr |
| Offer for Sale: | ₹492.26 Cr |
| Fresh Issue: | ₹600.77 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | Emplopee:10.00 |
| Promoter Holding Pre IPO: | 72.28% |
| Promoter Holding Post IPO: | 62.40% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544027 |
| NSE Code: | FEDFINA |
Get important updates regarding Fedbank Financial Services IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 28th Nov 2023 |
| Refunds Initiation* | 28th Nov 2023 |
| Credit of Shares to Demat* | 29th Nov 2023 |
| IPO Listing Date* | 30th Nov 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹133.00-140.00 |
| Market Lot: | 107 Shares |
| 1 Lot Amount: | ₹14980 |
| Min Small HNI Lots(2-10 Lakh): | 1498 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 7169 shares (67 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 30-11-2023 | 140.00 | 0 | -- | ₹140 (0%) | 30-Nov-2023 9:30 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Fedbank Financial Services Limited was incorporated in 1995 and is a retail-focused non-banking finance company (“NBFC”) promoted by The Federal Bank Limited. It has the second lowest cost of credit among Micro, Small and Medium Enterprises (“MSMEs”), Gilt Loans and MSME and Gilt Loans in India in FY 2023. The Company focuses on serving MSMEs and Emerging Self-Employed Individuals (“ESEIs”). The company believes that this segment offers a great opportunity to grow rapidly and expand further. The company has a well-tailored product range that is tailored to the needs of its customers. These include mortgage loans such as home loans, small-amount "LAP” loans, medium-amount LAP loans, unsecured business loans and gold loans.
They also have a 'Phygital' doorstep model, a combination of digital and physical initiatives to offer customized services to their customers for all their products. This also helps us to constantly stay in touch with customers. Technology is the central building block of their underwriting model, which combines electronic data, physical information and document collection. In the 2020 financial year, the company concluded a five-year contract with a service provider for file management, document storage and related services.
The Company has been rated 'AA' by CARE for its non-convertible debentures ('NCDs") since 2022 and 'AA-' by India Ratings and Research Private Limited for its NCDs and bank loans since 2018 and is sponsored by the Federal Bank, which the Company believes provides a level of confidence to its stakeholders. Federal Bank will continue to own more than 51% of the outstanding share capital after completion of the offer. They believe that their long operating history, track record, management expertise and the “Federal Bank” brand have enabled us to take a competitive position in the markets they serve and to gain the confidence of their customers, lenders, regulators and investors.
| Incorporation | Sector | IPO Issue Size | Website |
| 1995 | Financial Service | ₹1092.26 Cr | https://www.fedfina.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 15,460,916 (28.15%) | 11,595,687 (21.11%) | 27,056,603 (49.26%) | 813,008 | 54,926,214 | |
| 1 | 22nd Nov 2023 19:04 | 0.00x | 0.22x | 0.70x | 0.37x | 0.39x |
| 2 | 23rd Nov 2023 19:04 | 0.56x | 0.54x | 1.30x | 0.79x | 0.92x |
| 3 | 24th Nov 2023 19:04 | 3.48x | 1.49x | 1.88x | 1.34x | 2.24x |
Fedbank Financial Services Limited's revenue increased by 37.46% and profit after tax (PAT) rose by 74.11% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,412.51 | 9,070.99 | 6,555.71 | 5,466.31 |
| Revenue | 367.87 | 1,214.68 | 883.64 | 697.57 |
| Profit After Tax | 53.88 | 180.13 | 103.46 | 61.68 |
| Net Worth | 1,414.90 | 1,355.68 | 1,153.52 | 834.73 |
| Reserves and Surplus | 1,076.67 | 1,021.52 | 832.00 | 544.45 |
| Total Borrowing | 7,619.52 | 7,135.82 | 5,016.84 | 4,328.09 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Fedbank Financial Services Limited | 5.6 | 5.6 | 42.11 | 13.29 | Consolidated | |
| Aptus Value Housing | 10.11 | 67.05 | 28.58 | 15.06 | Consolidated | |
| IIFL Finance | 39.49 | 236.37 | 15.53 | 17.88 | Consolidated | |
| Five Star Business Finance | 20.71 | 148.94 | 37.54 | 13.91 | Consolidated | |
| Manappuram Finance Limited | 17.07 | 113.95 | 8.06 | 15.55 | Consolidated | |
| Muthoot Finance Limited | 86.5 | 539.69 | 15.39 | 16.94 | Consolidated | |
| SBFC Finance Limited | 1.7 | 19.42 | 48.33 | 8.67 | Consolidated |
Last Updated on 04-Dec-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Fedbank Financial Services IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Fedbank Financial Services IPO with Zerodha.
Alternate approch to apply in Fedbank Financial Services IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Fedbank Financial Services IPO Review and Important Updates
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To subscribe or apply in Fedbank Financial Services IPO, you can use the following methods:
| Fedbank Financial Services IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Fedbank Financial Services IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Fedbank Financial Services IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Fedbank Financial Services IPO. Most of the Syndicate Banks provide access to apply in Fedbank Financial Services IPO via ASBA process. You must have your net banking access, DP ID information to apply in Fedbank Financial Services IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Fedbank Financial Services IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Fedbank Financial Services IPO Review and Important Updates
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Applying in Fedbank Financial Services IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Fedbank Financial Services IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Fedbank Financial Services IPO, please refer article >> Link
Fedbank Financial Services IPO Review and Important Updates
Steps to download the online application form for Fedbank Financial Services IPO
Or
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Fedbank Financial Services IPO is going to be list on 30-11-2023. NSE Code for Fedbank Financial Services is FEDFINA. BSE Code for Fedbank Financial Services is 544027.
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Fedbank Financial Services IPO Allotment Date is 28-11-2023.
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Fedbank Financial Services IPO share allotment date?Fedbank Financial Services IPO allotment date?
