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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Fedbank Financial Services Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹140
Per ShareLot Size
107 Shares
Minimum Investment
₹14,980
Issue Size
₹1,092.26 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
72.28%
Promoter Holding (Post-Issue)
71.44%
Issue Type
Book Building
ISIN
INE007N01010
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.
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.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 78,073,810* equity shares of face value of Rs. 10 each ("Equity Shares") of Fedbank Financial Services Limited ("Company" or "Issuer") for cash at a price of Rs. 140 per equity share (including a share premium of Rs. 130 per equity share) ("Offer Price") aggregating to Rs. 1092.26*^ crores (the "Offer") comprising a fresh issue of 42,912,087* equity shares aggregating to Rs. 6,00.00*^ crores (the "Fresh Issue") and an offer for sale of 35,161,723* equity shares aggregating to Rs. 492.26* crores (the "Offer for Sale"), comprising 5,474,670* equity shares aggregating to Rs. 76.65* crores by the Federal Bank Limited ("Promoter Selling Shareholder") and 29,687,053* equity shares aggregating to Rs. 415.62* crores by true north fund vi llp ("Investor Selling Shareholder", and together with the promoter selling shareholder, the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares"). This offer included a reservation of 769,230* equity shares aggregating to Rs. 10.00^ crores for subscription by eligible employees (the "Employee Reservation Portion"). The company in consultation with the brlms, offered a discount of Rs. 10 per equity share of the offer price to eligible employee bidding in the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constituted 21.16% and 20.95% of the post-offer paid-up equity share capital, respectively. *Subject to finalisation of basis of allotment ^ After employee discount
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
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.
The Company's customers are primarily belong to the low and middle-income groups
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.