Fedbank Financial Services Limited IPO
Issue Size (Net)
up to Rs.1,092.26 Cr
Price Band
Rs.133 to Rs.140 per share
Issue Opens
22 NOV, 2023
Issue Closes
24 Nov, 2023

Company Highlights

1.Company Information

"Fedbank Financial Services Limited provides Gold Loans, Home Loans, Loan Against Property (LAP) and Business Loan Services. Fedbank is a retail-focused non-banking finance company (NBFC), with 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 Fiscal 2023. The company's clientele comes mainly from the MSME and emerging self-employed individuals (ESEI) sectors. The company's product range includes mortgage loans such as housing loans; small ticket loans against property (LAP); and medium ticket LAP, unsecured business loans, and gold loans. The company also has a Phygital doorstep model, a combination of digital and physical initiatives, for providing customized services to customers across all the products. As of March 31, 2023, Fedbank Financial Services has offices in 191 districts in 16 states and union territories in India through 575 branches with a strong presence in Southern and Western regions of India including Andhra Pradesh (including Telangana) and Rajasthan. Competitive Strengths:

1. Presence in large, underpenetrated markets with strong growth potential.

2. Focused on retail loan products with a collateralized lending model targeting individuals and the emerging MSME sector which is difficult to replicate.

3. Strong underwriting capability and presence in select customer segments combined with robust risk management capabilities focused on effective underwriting and collections.

4. Experienced, cycle-tested management team.

5. Well-diversified funding profile with the advantage of lower cost of funds - Technology-driven company with a scalable operating model".

2. Objective of the Issue

1. 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.

2. Meeting offer expenses.

Fedbank Financial Services IPO Registrar
Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: fedbankfinancialservices.ipo@linkintime.co.in


Fedbank Financial Services Limited's revenue increased by 37.46% and profit after tax (PAT) rose by 74.11% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Fedbank Financial Services IPO Details

Issue Opening Date
November 22, 2023
Issue Closing Date
November 24, 2023
Face Value
Rs.10 per share
Price Brand
Rs.133 to Rs.140 per share
Lot Size
Total Issue Size
[.] shares (aggregating up to Rs.1,092.26 Cr)
Fresh Issue
[.] shares (aggregating up to Rs.600.00 Cr)
Offer for Sale
35,161,723 shares of Rs.10 (aggregating up to Rs.492.26 Cr)
Issue Type
Book Built Issue IPO
Listing At
Share holding pre issue

Fedbank Financial Services IPO Timetable

Tentative Date
Opening Date
Wednesday, November 22, 2023
Closing Date
Friday, November 24, 2023
Basis of Allotment
Thursday, November 30, 2023
Initiation of Refunds
Friday, December 1, 2023
Credit of Shares to Demat
Thursday, 10 August 2023
Listing Date
Tuesday, December 5, 2023
Cut-off time for UPI mandate confirmation
5 PM on November 24, 2023


Prospectus File

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