FedFina IPO GMP, Price, Date, Allotment

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Last updated on November 28, 2023

FedFina IPO GMP

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.

Fedbank Financial Services IPO

Promoters of Fedbank Financial Services – The Federal Bank Limited


FedFina IPO Details

FedFina IPO Dates22 – 24 November 2023
Fedbank IPO PriceINR 133 – 140 per share
(Employee discount – INR 10 per share)
Fresh issueINR 600 crore
Offer For Sale35,161,723 shares (INR 467.65 – 492.26 crore)
Total IPO sizeINR 1,067.65 – 1,092.26 crore
Minimum bid (lot size)107 shares (INR 14,980)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE, NSE

Fedbank Financial Services Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Revenue658.11821.891,110.17341.24
Expenses620.64744.43956.29295.82
Net income61.68103.46180.1353.88
Margin (%)9.3712.5916.2315.79
Figures in INR Crores unless specified otherwise

FedFina Offer News


Fedbank Financial Services Valuations & Margins

FY 2021FY 2022FY 2023
EPS2.183.315.59
PE ratio23.79 – 25.04
RONW (%)7.398.9713.29
NAV28.7935.8842.11
EBITDA (%)63.4263.7068.19
Borrowings/Equity5.184.355.26
*Compiled by IPO Central from Prospectus

FedFina IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
24 November 20235
23 November 20238
22 November 202384005,000
21 November 20238400
20 November 202310
18 November 202310

FedFina IPO Subscription – Live Updates

CategoryQIBNIIRetailEmployeeTotal
Shares Offered1,53,49,3391,19,28,3942,78,32,9198,13,0085,59,23,660
24 Nov 20233.511.451.821.342.20
23 Nov 20230.560.521.260.780.90
22 Nov 20230.000.210.670.370.38

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 Date22 November 2023
Fedbank IPO Closing Date24 November 2023
Finalization of Basis of Allotment28 November 2023
Initiation of refunds29 November 2023
Transfer of shares to demat accounts30 November 2023
FedFina IPO Listing Date30 November 2023
Opening Price on NSEComing soon
Closing Price on NSEComing soon

FedFina IPO Reviews – Subscribe or Avoid?

Angel One –
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Choice Broking – Subscribe with Caution
Capital Market – Neutral
Dalal & Broacha –
Elite Wealth –
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GEPL Capital – Subscribe
Hem Securities –
ICICIdirect –
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KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang – Neutral
Reliance Securities –
Religare Broking –
Samco Securities – Subscribe for long term
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SMC Global – 2/5
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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]
Website: www.icicisecurities.com


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]
Website: www.linkintime.co.in


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]
Website: www.fedfina.com


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.

3 COMMENTS

  1. The Federal bank has bunch of Thieves. Major persons such as CEO, VICE PRESIDENT, are involved in cheating case. They showed in the bank statement that they disbursed loan amount fully. But they had disbursed only partial amount. Thus this is cheating. Further there is also misappropriation as there is no evidence to what happens to the money. There is criminal case against them in JMFC 4 KALYAN.

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