Fedbank Financial Services Limited IPO

Fedbank Financial Services IPO

Fedbank Financial Services Limited (Fedfina) is a non-banking finance company (NBFC) that provides consumer and commercial financial services. Fedbank is a subsidiary of The Federal Bank Ltd., a leading commercial bank in India. Fedbank offers loans for home, auto, car, gold, and personal purposes, as well as mortgage services.
Fedbank is the fastest growing gold loan NBFC among the gold loan peer set as of March 31, 2021. The firm has the third fastest AUM growth with a CAGR of 49% between Fiscals 2018 and 2021.
Fedbank has 500 plus branches across Tamil Nadu, Karnataka, and Andhra Pradesh – Telangana states. It has recently penetrated into the west region from Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Delhi, and Chandigarh.
Fedbank’s registered office is in Aluva, Kerala and its corporate office is in Andheri, Mumbai. Its registered and corporate office is at Kanakia Wall Street, A Wing, 5th Floor, Unit No.511, Andheri Kurla Road, Andheri (East) Mumbai -400093, Maharashtra.

FeFedbank Financial Services Limited IPO Timeline

IPO Open Date22 Nov 2023
IPO Close Date24 Nov 2023
Allotment Date29 Nov 2023
IPO Listing Date30 Nov 2023

Fedbank Financial Services Limited IPO Details

Issue TypeBook Built Issue IPO
Face ValueRs. 10 Per Equity Share
IPO PriceRs. 133 to Rs.140 Per Equity Share
Market Lot107 Share
Issue SizeApprox. Rs. 1092 Crore.

Fedbank Financial Services Limited IPO Lot Size

Minimum153Rs. 14980
Maximum13689Rs. 194740
Small HNI (Minimum)14742Rs. 209720
Big HNI (Minimum)673551Rs. 1003660

Fedbank Financial Services Limited IPO Details Allotment Status

Company Financials:

Particular31 March 202331 March 202231 March 2021
Total Assets9070.996555.715466.31
Total Revenue1214.68883.64697.57
Profit After Tax180.13103.4661.68
for accurate figures follow the company financials.

Company Promoters:

The Federal Bank Limited is the promoter of the company.

Purpose of the issue

  • 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.
  • Meeting offer expenses.

Registrar & Company Details

Company Contact InformationIPO Registrar
Fedbank Financial Services Limited

Kanakia Wall Street,
A Wing 5th Floor, Unit No. 511 Andheri Kurla Road,
Andheri (East) Mumbai 400 093
Phone: +91 22 6852 0601
Email: cs@fedfina.com
Website: https://www.fedfina.com/
Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: esaf.ipo@damcapital.in
Website: https://linkintime.co.in/mipo/ipoallotment.html

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