The FedFina date has been confirmed from November 22 and ended on November 24. Read the post to learn about FedFina IPO GMP.
The Federal Bank Ltd. intends to expand Fedbank Financial Services, a retail focused NBFC into a leading non-banking finance firm. FY 2023, it is followed only after Slide 2 borrowing cost in India by a set of MSMEs, gold loans and MSME & gold loan companies.
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Key Details Of FedFina IPO GMP:
Bidding Dates
November 22 – 24
Price Range
₹133 to ₹140 per share
Face Value
₹10 per share
GMP
₹0
FedFina GMP
The FedFina IPO GMP Today is ₹[0 ].
FedFina IPO Overview
The IPO of Fedbank Financial Services raised an aggregate amount of Rs. 1092.26 crore. 4.29 crore shares were underwritten of Rs 600.77 crores whereas they were issued afresh and 3.52 crore shares amounting to Rs 492.26 crores were sold off The Fedbank Financial Services IPO was open for auction from November 22 and ended on November 24, overall. On November 28, 2033, the issuing of shares became conclusive for this IPO. Subsequent to the shares being listed on the Bombay Stock Exchange and the National Stock Exchange on November 30, 2023.
The Stock Price to Buy for the Fedbank Financial Services IPO buying order is ₹133 to ₹140 per share. For the retail investors, the minimum lot of application for entry was 107 shares, finishing at ₹14,980 minimum requirement. While for sNII, the minimum lot size investment was 14 lots ((1498 shares) * (30 shares)) which is equal to ₹209,720. On the contrary, for bNII, the minimum lot size was 67, or 7,169 shares, equaling ₹1,003,660. Therefore, they were a good choice for all high-volume traders.
FedFina IPO Date & Price Band Details
| FedFina IPO Dates | 22 – 24 November 2023 |
| Fedbank IPO Price | ₹133 to ₹140 per equity |
| Fresh issue | INR 750 crore |
| Offer For Sale | 70,323,408 shares (INR 350 crore) |
| Total IPO size | INR 1,100 crores |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
FedFina IPO Dates & Listing Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 658.11 | 821.89 | 1,110.17 |
| Expenses | 620.64 | 744.43 | 956.29 |
| Net income | 61.68 | 103.46 | 180.13 |
| Margin (%) | 9.37 | 12.59 | 16.23 |
Fedbank Financial Services Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.18 | 3.31 | 5.59 |
| PE ratio | – | – | – |
| RONW (%) | 7.39 | 8.97 | 13.29 |
| NAV | 28.79 | 35.88 | 42.11 |
| EBITDA (%) | 63.42 | 63.70 | 68.19 |
| Debt/Equity | – | – | – |
FedFina IPO Dates & Listing Performance
| Fedbank IPO Opening Date | 22 November 2023 |
| Fedbank IPO Closing Date | 24 November 2023 |
| Finalization of Basis of Allotment | 30 November 2023 |
| Initiation of refunds | 1 December 2023 |
| Transfer of shares to demat accounts | 4 December 2023 |
| FedFina IPO Listing Date | 5 December 2023 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Company Profile
Fedbank Financial Services Limited, a spin-off of the feberal bank Federal Bank Limited, was registered in the year 1995. The company has diversified its operations and offers customers access to Gold loans, Home Loans, Loan Against Property (LAP) and Business Loan Services. As far as the mortgage loans are concerned, the company has services provisions such as residential housing loans, LAP loans, MEDIUM ticket LAP, unsecured business loans and gold loans. To ensure that platform satisfies the multiplicity of the consumer’s needs,
Fedbank Financial Services combines the digital and physical aspects and offers the phygital doorstep model. Through this pioneering technology, the company provides both online virtually modes to cater all customers personal products.The company’s headquarters are located in Mumbai, Maharashtra. As of today, June 30, 2023, Fedbank Financial Services has succeeded in creating its presence in 190 districts in the different states and two of the union territories of the country India.
The network has spread with 584 branches and employs a total of 3732 outlets, human resources. As of June 30, the company has various debt arrangements, of which ₹ 31,098.36 million is from private sector banks, followed by ₹ 28,320.72 million from public sector banks, ₹ 2,046.87 million from an NBFC, ₹ 1,500.00 million from an international bank
Registrar Info
| Name | Link Intime India Private Limited |
| Phone number | +91 810 811 4949 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | FedFina Limited |
| Phone number | +91 22 6852 0601 |
| Email ID | [email protected] |
| Website | fedfina.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
FedFina FAQs
When Fedbank Financial Services IPO will open?
The Fedbank Financial Services IPO opens on November 22, 2023 and closes on November 24, 2023.
What is the lot size of Fedbank Financial Services IPO?
Fedbank Financial Services IPO lot size is 107 Shares, and the minimum amount required is ₹14,980.
When is Fedbank Financial Services IPO allotment?
The completion of the Basis of Allotment for the Fedbank Financial Services IPO is scheduled for Tuesday, November 28, 2023. Subsequently, the allocated shares will be deposited into your demat account by Wednesday, November 29, 2023.
When is Fedbank Financial Services IPO listing date?
