Fedbank Financial Services Limited (MAINBOARD)
November 22, 2023 – November 24, 2023
| Price | ₹133 - ₹140 |
| Premium | ₹0 |
|---|---|
| Lot size | 107 |
| Allotment | Nov 29, 2023 |
| Listing | Nov 30, 2023 |
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/
Last Updated as on 24-Nov-2023 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 15349339 | 53825280 | 3.51 |
| HNIs | 11928394 | 17304575 | 1.45 |
| HNIs (10+L) | 7952262 | 9779800 | 1.23 |
| HNIs (2-10L) | 3976132 | 7524775 | 1.89 |
| Retail | 27832919 | 50791188 | 1.82 |
| Employees | 813008 | 1092577 | 1.34 |
| Total | 55923660 | 123013620 | 2.2 |
| QIB Cost (7 Days) per share | |||||
|---|---|---|---|---|---|
| @7% ₹0.66 | @8% ₹0.75 | @9% ₹0.85 | @10% ₹0.94 | @11% ₹1.04 | @12% ₹1.13 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 107 | 14980 | 252686 |
| sHNI | 14 | 1498 | 209720 | 2578 |
| bHNI | 67 | 7169 | 1003660 | 5167 |
Fedbank Financial Services Limited provides Gold Loans, Home Loans, Loan Against Property (LAP) and Business Loan Services.
Fedbank is a retail-focused non-banking finance company (NBFC), with the second lowest cost of borrowing among the micro, small, and medium enterprises (MSMEs), gold loan, and MSME & gold loan peer set in India in Fiscal 2023. The company's clientele comes mainly from the MSME and emerging self-employed individuals (ESEI) sectors.
The company's product range includes mortgage loans such as housing loans; small ticket loans against property (LAP); and 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.
As of March 31, 2023, Fedbank Financial Services has offices in 191 districts in 16 states and union territories in India through 575 branches with a strong presence in Southern and Western regions of India including Andhra Pradesh (including Telangana) and Rajasthan.
Competitive Strengths:
- Presence in large, underpenetrated markets with strong growth potential.
- Focused 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 segments combined with robust risk management capabilities focused on effective underwriting and collections.
- Experienced, cycle-tested management team.
- Well-diversified funding profile with the advantage of lower cost of funds - Technology-driven company with a scalable operating model
Fedbank Financial Services IPO Details
| Issue Size | [.] shares (aggregating up to ₹1,092.26.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹600.00 Cr) |
| Offer for Sale | 35161723 shares of ₹10 (aggregating up to ₹492.26.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 322,477,605 |
Fedbank Financial Services IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Company Financials
Fedbank Financial Services Limited Financial Information (Restated)
Fedbank Financial Services Limited's revenue increased by 37.46% and profit after tax (PAT) rose by 74.11% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 9,070.99 | 6,555.71 | 5,466.31 |
| Revenue | 1,214.68 | 883.64 | 697.57 |
| Profit | 180.13 | 103.46 | 61.68 |
| Net Worth | 1,355.68 | 1,153.52 | 834.73 |
| Reserves | 1,021.52 | 832.00 | 544.45 |
| Borrowing | 7,135.82 | 5,016.84 | 4,328.09 |
| Amount in ₹ Crore | |||