Fedbank Financial Services IPO GMP, Listing Dates, IPO Price Band, IPO Lot Size

Fedbank Financial Services is gearing up for its initial public offering (IPO), scheduled to open on November 22, 2023, and close on November 24, 2023. This Mainboard IPO aims to raise ₹1100 crores, through a combination of a ₹600 Crore of fresh issue and an offer for sale of  70,323,408 equity shares, each with a face value of ₹10. The price band for the Fedbank Financial Services IPO is fixed at ₹133 – ₹140 per share, with a market lot of 107 shares. The retail investor segment has been allocated 35%, while Qualified Institutional Buyers (QIB) have a 50% allocation, and High Net Worth Individuals (HNI) have 15%. Fedbank Financial Services IPO Allotment will done on November 30, 2023 and Fedbank Financial Services IPO listing date is December 5, 2023.

 

Fedbank Financial Services Company Profile

Fedbank Financial Services is a retail-focused nonbanking finance company (NBFC) that is promoted by The Federal Bank Limited. In Fiscal 2023, they achieved the second lowest cost of borrowing among micro, small, and medium enterprises (MSMEs), gold loans, and the MSME & gold loan sector in India.

Their primary focus is on serving micro, small, and medium enterprises (MSMEs) and emerging self-employed individuals (ESEIs). According to a CRISIL Report, the ESEI and MSME segment remains largely underserved by lending institutions in India, offering significant growth potential. Fedbank Financial Services has a range of tailored products to meet their customers’ needs, including mortgage loans such as housing loans, small ticket loans against property (LAP), medium ticket LAP, unsecured business loans, and gold loans. They experienced the third highest growth in disbursements within their peer group, with a three-year CAGR of 35% between Fiscals 2020 and 2023, covering mortgage loans, gold loans, and unsecured business loans.

Rated AA by CARE for their nonconvertible debentures (NCDs) since 2022 and AA– by India Ratings and Research Private Limited for their NCDs and bank loans since 2018, Fedbank Financial Services is promoted by the Federal Bank. They believe that the involvement of the Federal Bank adds a level of trust among stakeholders. After the IPO, the Federal Bank will continue to own more than 51% of its outstanding share capital. Their established track record, management expertise, and the trust associated with the “Federal Bank” brand have contributed to their competitive position in their markets and have built trust among customers, lenders, regulators, and investors.

 

Fedbank Financial Services IPO GMP

 

Fedbank Financial Services IPO Objectives

The funds raised through the IPO will be utilized for:

1. To increase the company’s Tier I capital base to support its future capital requirements due to business and asset growth and cover offer-related expenses.
2. General Corporate Purposes

 

Fedbank Financial Services IPO Key Details

• Fedbank Financial Services IPO Open: November 22, 2023
• Fedbank Financial Services IPO Close: November 24, 2023
• Fedbank Financial Services IPO Size: Approximately ₹1092.26 Crores
•  Fresh Issue: Approximately ₹600 Crores
•  Offer for Sale: Approximately 70,323,408 shares
•  Face Value: ₹10 Per Equity Share
• Fedbank Financial Services IPO Price Band: ₹133 – ₹140 Per Share
• Fedbank Financial Services IPO Listing on: BSE & NSE
•  Retail Quota: 35%
•  QIB Quota: 50%
•  NII Quota: 15%

 

Fedbank Financial Services IPO Timeline

• Fedbank Financial Services Anchor Investors Allotment: November 21, 2023
• Fedbank Financial Services IPO Open Date: November 22, 2023
• Fedbank Financial Services IPO Close Date: November 24, 2023
•  Basis of Allotment: November 30, 2023
•  Refunds: December 1, 2023
•  Credit to Demat Account: December 4, 2023
• Fedbank Financial Services IPO Listing Date: December 5, 2023

 

How to Apply for Fedbank Financial Services IPO

Investors can apply for the Fedbank Financial Services IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Fedbank Financial Services Financial Performance (in Crores)

•  Year 2021: Revenue ₹697.56, Expense ₹620.63, PAT ₹61.68
•  Year 2022: Revenue ₹883.63, Expense ₹744.42, PAT ₹103.45
•  Year 2023: Revenue ₹1214.68, Expense ₹956.29, PAT ₹180.13

 

Fedbank Financial Services Valuation  FY2023

•  Earnings Per Share (EPS): ₹5.60 per Equity Share
•  Price/Earnings (P/E) Ratio: N/A (Not available)
•  Return on Net Worth (RoNW): 13.29%
•  Net Asset Value (NAV): ₹42.11 per Equity Share

 

Fedbank Financial Services Peer Group

• Five Star Business Finance
• Aptus Value Housing Finance
• Muthoot Finance
• Manappuram Finance
• IIFL Finance

 

Fedbank Financial Services Company Promoters

• Federal Bank Limited

 

Fedbank Financial Services IPO Registrar

Link Intime India Private Ltd

Phone: +91224918 6270

Email: Signatureglobal.ipo@linkintime.co.in

Website: https://linkintime.co.in

 

Fedbank Financial Services IPO Allotment Status Check

• Check the Fedbank Financial Services IPO allotment status on the Link Intime India website.

 

Fedbank Financial Services IPO Lead Managers (Merchant Bankers)

•  ICICI Securities Limited
•  Bnp Paribas
•  Equirus Capital Private Limited
•  JM Financial Limited

 

Fedbank Financial Services Company Address

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

 

What is Fedbank Financial Services IPO?

Fedbank Financial Services IPO is an NSE SME IPO. They are going to raise ₹1092.26 Crores via IPO. The issue is priced at ₹133 – ₹140 per equity share. The IPO is to be listed on BSE & NSE.

 

When Fedbank Financial Services IPO will open?

The IPO is to open on November 22, 2023 for NII, and Retail Investors.

 

What is Fedbank Financial Services IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

 

How to Apply the Fedbank Financial Services IPO?

You can apply Fedbank Financial Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Fedbank Financial Services IPO through Zerodha?

For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.

 

How to Apply the Fedbank Financial Services IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Fedbank Financial Services IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Fedbank Financial Services IPO Size?

Fedbank Financial Services IPO size is ₹1092.26 crores.

 

What is Fedbank Financial Services IPO Price Band?

Fedbank Financial Services IPO Price Band is ₹133 – ₹140  per equity share.

 

What is Fedbank Financial Services IPO Minimum and Maximum Lot Size?

The IPO bid is 107 shares with ₹14,980.

 

What is Fedbank Financial Services IPO Allotment Date?

Fedbank Financial Services IPO allotment date is November 30, 2023.

 

What is Fedbank Financial Services IPO Listing Date?

Fedbank Financial Services IPO listing date is December 5, 2023. The IPO to list on NSE & BSE.