Fedbank Financial Services IPO Price: ₹133 - ₹140
IPO Date Range: Nov 22, 2023 - Nov 24, 2023
Fedbank Financial Services Limited offers Gold Loans, Home Loans, LAP, and Business Loan Services. It's an NBFC focusing on retail, ranking second in borrowing costs among MSMEs, gold loan, and peers in India for Fiscal 2023.
The company offers a diverse product lineup, spanning housing loans, small and medium ticket loans against property (LAP), unsecured business loans, and gold loans. Additionally, they operate a unique Phygital doorstep model, integrating digital and physical approaches to tailor services across all their products for customized customer experiences.
By March 31, 2023, Fedbank Financial Services has established a robust network across 191 districts in 16 states and union territories in India. Operating through 575 branches, its prominent presence extends notably across the Southern and Western regions, encompassing Andhra Pradesh (including Telangana) and Rajasthan.
Key Strengths of Fedbank Financial Services Limited are:
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 107 shares |
| Total Issue Size | 78,073,810 shares (aggregating up to ₹1,092.26 Cr) |
| Fresh Issue | 42,912,087 shares (aggregating up to ₹600 Cr) |
| Offer For Sale | 35,161,723 shares (aggregating up to ₹492.26 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 322,477,605 |
| Share holding post issue | 365,389,692 |
Investors have the opportunity to bid for a minimum of 107 shares, increasing in multiples of this quantity. The table below outlines the minimum and maximum investment thresholds for both retail investors and HNIs in shares and corresponding amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹ 14,980 |
| Retail (Max) | 13 | 1,391 | ₹194,740 |
| S-HNI (Min) | 14 | 1,498 | ₹209,720 |
| S-HNI (Max) | 66 | 7,062 | ₹988,680 |
| B-HNI (Min) | 67 | 7,169 | ₹1,003,660 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Thursday, November 30, 2023 |
| Initiation of Refunds | Friday, December 1, 2023 |
| Credit of Shares to Demat | Monday, December 4, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
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Between the financial years ending March 31, 2023, and March 31, 2022, Fedbank Financial Services Limited saw a 37.46% surge in revenue, accompanied by a remarkable 74.11% rise in profit after tax (PAT).
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Assets | 5466.31 | 6555.71 | 9070.99 | 9412.51 |
| Revenue | 697.57 | 883.64 | 1214.68 | 367.87 |
| Profit After Tax | 61.68 | 103.46 | 180.13 | 53.88 |
| Net Worth | 834.73 | 1153.52 | 1355.68 | 1414.90 |
| Reserves & Surplus | 544.45 | 832 | 1021.52 | 1076.67 |
| Total Borrowings | 4328.09 | 5016.84 | 7135.82 | 7619.52 |
| KPI | Values |
|---|---|
| P/E (x) | 25.04 |
| Market Cap (Rs Cr.) | 5165.06 |
| EPS (Rs) | 5.6 |
| RoNW | 13.29% |
The company plans to use the net proceeds from the issue for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. Fedbank Financial Services IPO DRHP and Fedbank Financial Services IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Fedbank Financial Services Limited" IPO is ₹133 to ₹140 per share.
The "Fedbank Financial Services Limited" IPO is expected to be listed on Tuesday, December 5, 2023.
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