Fedbank Financial Services Limited
IPO Details
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Fedbank Financial Services Limited's achieved publicly listed status following its IPO debut on Nov 30, 2023 at the NSE, BSE platform. The offering successfully mobilized 7,80,73,810 Shares, with 4,29,12,087 Shares allocated to corporate growth initiatives and ₹492.26 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹133 to ₹140, starting from minimum lots of 107 shares. The subscription window from Nov 22, 2023 through Nov 24, 2023 enabled investor participation across market segments.
Share allocation was completed on Nov 29, 2023, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Fedbank Financial Services Limited is a retail-focused NBFC offering Gold Loans, Home Loans, Loans Against Property (LAP), and Business Loans, mainly serving MSMEs and emerging self-employed individuals. It has one of the lowest borrowing costs among peers in FY23, helping it offer competitive lending products. The company provides housing loans, small and medium ticket LAP, unsecured business loans, and gold loans, and uses a “Phygital” model that blends digital technology with doorstep physical service. As of March 31, 2023, Fedbank Financial Services operated 575 branches across 191 districts in 16 states and union territories, with a strong presence in the Southern and Western regions of India.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Presence in High-Growth Markets: Operates in large and underpenetrated regions with strong future potential.
- Focused Collateral-Based Retail Lending: Targets individuals and MSMEs with a model that is difficult for competitors to replicate.
- Robust Underwriting & Risk Management: Deep customer insights, effective underwriting, and strong collections capability.
- Experienced, Cycle-Tested Leadership: Management team with proven track record across economic cycles.
- Diversified Funding & Scalable Tech Model: Access to low-cost funds and technology-driven operations that support scalable growth.
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