Fedbank Financial Services Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Fedbank Financial Services Ltd IPO

Fedbank Financial Services Limited is a retail focused non-banking financial company promoted by The Federal Bank Limited. The Company is focused on catering to the micro, small and medium enterprises and emerging self-employed individuals sectors. It has a well-tailored suite of products targeted to match its customers' needs, which includes mortgage loans such as housing loans; small ticket loan against property; and medium ticket loan against property, unsecured business loans, and gold loans. Its mortgage loans, gold loans and our unsecured business loans had assets under management of Rs. 47,024.46 million, Rs. 31,241.72 million and Rs. 14,872.49 million as on June 30, 2023.

Fedbank Financial Services Ltd IPO Details

Total Shares Offered

₹ 7,80,18,866

Offer to Public

3,51,61,723

Retail Max (Shares)

₹ 2,70,56,603

Pre Issue Promoters Holding

₹ 23,56,85,332

Exchange

BSE

Issue size

₹ 1092.26 Cr

IPO Open Date

Nov 22, 2023

Close Date

Nov 24, 2023

Lot Size

107

Min Investment

₹ 14,231

Issue Type

Book Building

Listing Date

Nov 30, 2023

Fedbank Financial Services Ltd IPO Dates

Nov 22, 2023

Opening date

Nov 24, 2023

Closing date

Nov 28, 2023

Basis of Allotment

Nov 29, 2023

Initiation of Refunds

Nov 29, 2023

Credit of Shares

Nov 30, 2023

Listing date

Details

Sector	Type
Sector	Finance & Investments
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	38652290
NII	0x	11595687
Retail	0x	27056603
Employee	0x	714286
Total	0x	78018866

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

38652290

11595687

27056603

714286

78018866

Fedbank Financial Services Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	352.60	365.43	284.89
EBITDA	401.45	402.78	326.76
PAT	225.18	244.70	180.13
Total Assets	1,092.61	468.17	244.35
Share Capital	372.72	369.39	321.91
Total Borrowings	9,907.27	7,965.67	6,779.39
Operating Activities (Net Cash)	274.03	282.05	222.00
Investing Activities (Net Cash)	403.27	751.01	680.09
Financing Activities (Net Cash)	9,907.27	7,965.67	6,779.39
Net Cashflow	834.69	185.54	94.62

About Fedbank Financial Services Ltd

The Company was incorporated as `Fedbank Financial Services Limited' on April 17, 1995 in Kerala at Kochi as a public limited company under the Companies Act, 1956, and was granted a certificate of incorporation by the Registrar of Companies, Kerala at Kochi. The Company received a certificate of commencement of business issued by the Registrar of Companies, Kerala at Kochi dated July 17, 1995. Subsequently, pursuant to a change in the registered office by way of a resolution passed by its shareholders on February 10, 2021, a certificate of registration in relation to the change of state was issued by the Registrar of Companies, Maharashtra at Mumbai on July 26, 2021.

Housing finance and gold loans cover 46% and 12% of the retail loans industry, respectively, in India in Fiscal 2023. As of March 2023, CRISIL MI&A estimates the outstanding value of loans given out by organised financiers' - banks and non-banking financial companies - to be Rs. 6.1 trillion, with non-banking financial companies accounting for one-quarter of the market.

Peer Comparison:

Aptus Value Housing Finance India Ltd
Five Star Business Finance Ltd
IIFL Finance Ltd
Manappuram Finance Ltd
Muthoot Finance Ltd
SBFC Finance Ltd

Fedbank Financial Services Ltd Key Points

Strengths

The Company's presence in large, underpenetrated markets with strong growth potential;

Its twin engine business model which ensures growth and risk insulation across economic cycles;

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

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

Experienced, cycle tested management team;

Risk

Its may face asset-liability mismatches, which could affect its liquidity and consequently may adversely affect the bank's operations and profitability.

The company has had negative cash flows in the past and may continue to have negative cash flows in the future.

As on June 30, 2023, 93.65% of its gross AUM was located in Gujarat, Maharashtra, Telangana, Andhra Pradesh, Tamil Nadu, Karnataka, Puducherry and Delhi. Accordingly, our operations are concentrated in six states and two union territories and any adverse developments in these regions could have an adverse effect on its business and results of operations.

Strategy

Continue to deliver consistent and one of the industry leading return matrices building on past performance

Focus on performance of its large branch network and extracting operating leverage

Continue to invest in technology and digitization initiatives

Continue to invest in talent and employee training to achieve industry leading productivity parameters

Build on customer centricity as a foundation for customer retention and customer acquisition

How To Apply for Fedbank Financial Services Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Fedbank Financial Services Ltd IPO?

Fedbank Financial Services Ltd's IPO offers shares for up to 600 It begins on Nov 22, 2023 and ends on Nov 24, 2023.

What is the price of the Fedbank Financial Services Ltd IPO?

The price of Fedbank Financial Services Ltd IPO ranges between ₹133 to ₹140 per share.

What are the open and close dates for the Fedbank Financial Services Ltd IPO?

The Fedbank Financial Services Ltd IPO opens on Nov 22, 2023 and closes on Nov 24, 2023.

When will the Fedbank Financial Services Ltd IPO be allotted?

The allotment for the Fedbank Financial Services Ltd IPO will be finalised on Nov 28, 2023. The shares will be listed on BSE and NSE on Nov 30, 2023.

What is the minimum lot size required for Fedbank Financial Services Ltd IPO?

The minimum lot size for Fedbank Financial Services Ltd IPO is 107 shares, priced between ₹133 to ₹140 per share.

What is the GMP of Fedbank Financial Services Ltd IPO?

The GMP (Grey Market Premium) of Fedbank Financial Services Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Fedbank Financial Services Ltd IPO?

To check the allotment status of Fedbank Financial Services Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Fedbank Financial Services Ltd IPO getting listed?

The Fedbank Financial Services Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Nov 22, 2023, and closes on Nov 24, 2023. The allotment is finalised on Nov 28, 2023.

How do you apply for the Fedbank Financial Services Ltd IPO?

To apply for the Fedbank Financial Services Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.