Last updated on November 28, 2023
FedFina IPO Description – Fedbank Financial Services (FedFina) is a retail-focused non-banking finance company (NBFC) promoted by The Federal Bank Limited. It has the second lowest cost of borrowing among the micro, small, and medium enterprises (MSMEs), gold loan, and MSME & gold loan peer set in India in FY 2023.
As of 31 March 2023, FedFina had the third fastest AUM growth among NBFCs in the peer set in India with a three-year CAGR of 33% between FY 2020 and 2023, and 85.98% of the total Loan Assets are secured against tangible assets, namely gold or customer’s property.
FedFina is focused on catering to the MSMEs and the emerging self-employed individuals (ESEIs) sector. The ESEI and MSME segment is largely unaddressed by lending institutions in India. FedFina had the third highest growth in disbursement among the peer set with a three-year CAGR of 35% between FY 2020 and 2023. Its mortgage loans, gold loans, and unsecured business loans had an AUM of INR 4,506.38 crore, INR 2,986.03 crore, and INR 1,454.28 crore, respectively as of 31 March 2023.
As of 31 March 2023, Fedbank Financial Services was present in 16 states and union territories across India with a strong presence in Southern and Western regions of India, covering 191 districts in 16 states and union territories in India through 575 branches. The branches are located in states, such as Andhra Pradesh (including Telangana) and Rajasthan, which have better asset quality than other states as of FY 2023.
Promoters of Fedbank Financial Services – The Federal Bank Limited
FedFina IPO Details
|FedFina IPO Dates||22 – 24 November 2023|
|Fedbank IPO Price||INR 133 – 140 per share|
(Employee discount – INR 10 per share)
|Fresh issue||INR 600 crore|
|Offer For Sale||35,161,723 shares (INR 467.65 – 492.26 crore)|
|Total IPO size||INR 1,067.65 – 1,092.26 crore|
|Minimum bid (lot size)||107 shares (INR 14,980)|
|Face Value||INR 10 per share|
|Listing On||BSE, NSE|
Fedbank Financial Services Financial Performance
|FY 2021||FY 2022||FY 2023||Q1 FY 2024|
FedFina Offer News
- Fedbank Financial Services RHP
- Fedbank Financial Services DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Subscription Status
Fedbank Financial Services Valuations & Margins
|FY 2021||FY 2022||FY 2023|
|PE ratio||–||–||23.79 – 25.04|
FedFina IPO GMP Today (Daily Trend)
|Date||Day-wise IPO GMP||Kostak||Subject to Sauda|
|24 November 2023||5||–||–|
|23 November 2023||8||–||–|
|22 November 2023||8||400||5,000|
|21 November 2023||8||400||–|
|20 November 2023||10||–||–|
|18 November 2023||10||–||–|
FedFina IPO Subscription – Live Updates
|24 Nov 2023||3.51||1.45||1.82||1.34||2.20|
|23 Nov 2023||0.56||0.52||1.26||0.78||0.90|
|22 Nov 2023||0.00||0.21||0.67||0.37||0.38|
FedFina IPO Allotment Status
FedFina IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
FedFina IPO Dates & Listing Performance
|Fedbank IPO Opening Date||22 November 2023|
|Fedbank IPO Closing Date||24 November 2023|
|Finalization of Basis of Allotment||28 November 2023|
|Initiation of refunds||29 November 2023|
|Transfer of shares to demat accounts||30 November 2023|
|FedFina IPO Listing Date||30 November 2023|
|Opening Price on NSE||Coming soon|
|Closing Price on NSE||Coming soon|
FedFina IPO Reviews – Subscribe or Avoid?
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Fedbank Financial Services Offer Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email: [email protected]
Fedbank Financial Services Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
FedFina Contact Details
FEDBANK FINANCIAL SERVICES LIMITED
Kanakia Wall Street, A Wing, 5th Floor, Unit No. 511,
Andheri Kurla Road, Andheri (East), Mumbai 400 093, Maharashtra
Phone: +91 22 6852 0601
Email: [email protected]
FedFina IPO FAQs
How many shares in Fedbank Financial Services IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in FedFina Public Offer?
The best way to apply in FedFina public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is FedFina IPO GMP today?
FedFina IPO GMP today is INR 5 per share.
What is FedFina kostak rate today?
FedFina kostak rate today is INR NA per application.
What is FedFina Subject to Sauda rate today?
FedFina Subject to Sauda rate today is INR NA per application.