Fedbank Financial Services Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

22 Nov 2023

Close Date

24 Nov 2023

Allotment

28 Nov 2023

Listing Date

30 Nov 2023

Exchange

NSE & BSE

Price Band

₹140

Listing Price

See chart

Allotment Status

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Price Band

₹140

Per share

Face Value

₹10 per share

Lot Size

107 Shares

per lot

Issue Size

7,80,42,871 shares (aggregating up to ₹1,092.26 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,980

1 lot

Post-IPO Holding

36,53,89,692 shares

Promoters

P/E (Pre)

25.04x

P/E (Post)

23.97x

EPS (Pre)

₹5.60

UPI Deadline

2023-11-24

Mandate

Anchor AllotmentTue, 21 Nov 2023

Basis of AllotmentTue, 28 Nov 2023

Refund InitiationTue, 28 Nov 2023

Demat CreditWed, 29 Nov 2023

Listing DayThu, 30 Nov 2023

UPI Mandate Deadline2023-11-24

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares4,28,95,082 shares (aggregating up to ₹600.35 Cr)

Offer for Sale3,51,47,789 shares of ₹10 (aggregating up to ₹491.92 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Fedbank Financial Services Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 24 Nov 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	78,073,810	100%	₹1,093.03

IPO Shares Offered

Fedbank Financial Services Ltd. IPO total issue size: ₹1,093.03 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	78,073,810	₹1,093.03	100.00%

* Based on upper price band ₹140 per share

Lot Size & Investment

Lot Size

107

Shares per Lot

Issue Price

₹140.00

Upper Band

Min Investment

₹14,980

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	214	₹29,960
Retail (Max — 13 Lots)	13	1,391	₹194,740
S-HNI (Min — 14 Lots)	14	1,498	₹209,720
B-HNI (Min — 68 Lots)	68	7,276	₹1,018,640

* Issue Price ₹140 × Lot Size 107 shares

IPO Schedule

Anchor

21 Nov 2023

✓ Done

IPO Open

22 Nov 2023

✓ Done

IPO Close

24 Nov 2023

✓ Done

Allotment

28 Nov 2023

✓ Done

Refunds

28 Nov 2023

✓ Done

Demat Credit

29 Nov 2023

✓ Done

Listing Day

30 Nov 2023

✓ Done

₹140.00

INR · BSE

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Issue ₹140.00 Live Price

About Fedbank Financial Services Ltd.

Incorporated in 1995, Fedbank Financial Services Limited a subsidiary of The Federal Bank Limited, provides Gold Loans, Home Loans, Loan Against Property (LAP), and Business Loan Services.The company's product range includes mortgage loans such as housing loans; small ticket loans against property (LAP); medium ticket LAP, unsecured business loans, and gold loans. The company also has a Phygital doorstep model, a combination of digital and physical initiatives, for providing customized services to customers across all the products.The company is headquartered in Mumbai, Maharashtra. As of June 30, 2023, Fedbank Financial Services has covered 190 districts in 17 states and union territories in India through 584 branches. As of June 30, 2023, the company has employed 3,732 personnel across the 584 branches.As of June 30, 2023, the outstanding borrowings were ₹ 31,098.36 million from private sector banks, ₹ 28,320.72 million from public sector banks, ₹ 2,046.87 million from an NBFC, ₹ 1,500.00 million from a foreign bank, and ₹ 13,229.09 million from other entities.

Objects 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.

Fedbank Financial Services Ltd. Financials (Amount in Crore)

Revenue from Operations

₹883.6

31 Mar 2022

₹1,214.7

31 Mar 2023

₹367.9

30 Jun 2023

Profit After Tax (PAT)

₹103.5

31 Mar 2022

₹180.1

31 Mar 2023

₹53.9

30 Jun 2023

Particulars	30 Jun 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	367.87	1214.68	883.64
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	53.88	180.13	103.46
Net Worth	1414.90	1355.68	1153.52
Total Assets	9412.51	9070.99	6555.71
Reserves & Surplus	1076.67	1021.52	832.00
Borrowings	7619.52	7135.82	5016.84
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

14.36%

RoNW

13.29%

Issue Structure & Shareholding

Total Shares Offered7,80,73,810 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter HoldingN/A

Post-Issue Promoter Holding36,53,89,692 shares

P/BV RatioN/A

RoE14.36%

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

fedbankfinancialservices.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

ICICI Securities Ltd.

BNP Paribas

Equirus Capital Pvt.Ltd.

JM Financial Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Fedbank Financial Services Ltd. IPO subscribed? ▲

Fedbank Financial Services Ltd. IPO is subscribed 1.00 times by Nov 24, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Fedbank Financial Services Ltd. IPO retail subscription status? ▼

The Fedbank Financial Services Ltd. IPO retail category is subscribed 1.00 times as of 24 Nov 2023. The retail portion is oversubscribed.

How to subscribe Fedbank Financial Services Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 22 Nov 2023 and closes 24 Nov 2023. Min investment: ₹14,980 (1 lot = 107 shares). UPI mandate: 2023-11-24.

How many times Fedbank Financial Services Ltd. IPO subscribed? ▼

The Fedbank Financial Services Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Fedbank Financial Services Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 28 Nov 2023. Refunds: on 28 Nov 2023.

When Fedbank Financial Services Ltd. IPO will be listed? ▼

The Fedbank Financial Services Ltd. IPO listing date is 30 Nov 2023, Thursday. Listed on: NSE & BSE. Issue price: ₹140. Estimated listing: ₹140. GMP: NIL.

When Fedbank Financial Services Ltd. IPO close? ▼

The Fedbank Financial Services Ltd. IPO closes on 24 Nov 2023, Friday. UPI mandate: 2023-11-24. Allotment: 28 Nov 2023. Listing: 30 Nov 2023.

Quick Actions

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Live Price LIVE

Last Price₹140.00

Change—

Issue Price₹140.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹140

Face Value₹10

Lot Size107 Sh

Min. Amount₹14,980

GMPNIL

Est. Listing₹140

Subscribed1.00x

Open Date22 Nov 2023

Close Date24 Nov 2023

Allotment28 Nov 2023

Listing Date30 Nov 2023

ExchangeNSE & BSE

UPI Deadline2023-11-24