Fedbank Financial Services IPO subscription is to open on Nov 22, 2023 and will close on Nov 24, 2023, the price band of the Fedbank Financial Services IPO is fixed at ₹ 133 – ₹ 140.
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About Fedbank Financial Services
Fedbank Financial Services is a retail focused non-banking finance company (“NBFC”) promoted by The Federal Bank Limited. Fedbank Financial Services has the second and third 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 and three-months period ended June 30, 2023.
Fedbank Financial Services is one among five private bank promoted NBFCs in India. Fedbank Financial Services is the fastest growing gold loan NBFC in India, and had the fastest year-on-year growth among gold loan NBFCs in India
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 Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | ||
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Total Assets | 90,709.91 | 65,557.07 | 54,663.05 |
| Total income | 12,146.80 | 8,836.37 | 6,975.66 |
| Total Expenses | 9,562.90 | 7,444.28 | 6,206.38 |
| Profit After Tax | 1,801.33 | 1,034.59 | 616.84 |
Fedbank Financial Services IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial public offer comprising Fresh Issue of up to Rs. 6,000.00 million and Offer for Sale of up to 35,161,723 Equity Shares (Including Anchor allocation of 23,191,374 equity shares) |
| Issue Open Date | 22-Nov-23 |
| Issue Close Date | 24-Nov-23 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 133 – ₹ 140 |
| Face Value | ₹ 10 |
| Market Lot | 107 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 107 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | FEDFINA |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Fedbank Financial Services IPO DRHP & RHP
Fedbank Financial Services IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 107 | 14,980 |
| Maximum | 13 | 1391 | 194,740 |
Fedbank Financial Services IPO Lead Managers
- ICICI Securities Limited
- BNP Paribas
- Equirus Capital Private Limited
- JM Financial Limited
Fedbank Financial Services IPO Registrar
- Link Intime India Private Limited
Fedbank Financial Services IPO Allotment Date, Listing Date and other Important Dates
| Details | IPO Date |
|---|---|
| Bid / Offer Opens on | 22-Nov-23 |
| Bid / Offer Closes on | 24-Nov-23 |
| Finalisation of Basis of Allotment | 30-Nov-23 |
| Initiation of refunds | 01-Dec-23 |
| Credit of the Equity Shares | 04-Dec-23 |
| Listing Date | 05-Dec-23 |
Company Registered and Corporate Office
Kanakia Wall Street, A Wing, 5th Floor,
Unit No. 511, Andheri Kurla Road,
Andheri (East), Mumbai 400 093,
Maharashtra, India
Website: www.fedfina.com
Company Promoters
- THE FEDERAL BANK LIMITED
Fedbank Financial Services IPO – FAQS
What is the Fedbank Financial Services IPO Price?
The Fedbank Financial Services IPO price band is ₹ 133 – ₹ 140 per share
When Fedbank Financial Services IPO will open?
The Fedbank Financial Services IPO opens on Nov 22, 2023 and closes on Nov 24, 2023
What is the lot size of Fedbank Financial Services IPO?
The Fedbank Financial Services IPO lot size is 107 Equity Shares and the minimum order quantity is 107 Equity Shares
Who is the Registrar for Fedbank Financial Services IPO?
The Registrar for Fedbank Financial Services IPO is Link Intime India Private Limited
How to apply in Fedbank Financial Services IPO through UPI?
Check the step by step process here – Click here
How to apply in Fedbank Financial Services IPO through Zerodha?
Check the step by step process here – Click here
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