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
| Particular | Date |
| IPO Open Date | 22 Nov 2023 |
| IPO Close Date | 24 Nov 2023 |
| Allotment Date | 29 Nov 2023 |
| IPO Listing Date | 30 Nov 2023 |
Fedbank Financial Services Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 133 to Rs.140 Per Equity Share |
| Market Lot | 107 Share |
| ISIN Code | |
| Listing At | NSE &ANDBSE |
| Issue Size | Approx. Rs. 1092 Crore. |
Fedbank Financial Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 53 | Rs. 14980 |
| Maximum | 13 | 689 | Rs. 194740 |
| Small HNI (Minimum) | 14 | 742 | Rs. 209720 |
| Big HNI (Minimum) | 67 | 3551 | Rs. 1003660 |
Fedbank Financial Services Limited IPO Details Allotment Status
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 9070.99 | 6555.71 | 5466.31 |
| Total Revenue | 1214.68 | 883.64 | 697.57 |
| Profit After Tax | 180.13 | 103.46 | 61.68 |
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 Information | IPO 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 |
