Fedbank Financial Services Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 38,652,290 (50%) | — | ₹54,113 Cr |
| NII (HNI) | — | 11,595,687 (15%) | — | ₹16,234 Cr |
| Retail | — | 27,056,603 (35%) | — | ₹37,879 Cr |
| Employee | — | 769,230 (1%) | — | ₹108 Cr |
| Σ Total | — | 78,073,810 (100%) | — | ₹1,093,033 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1,391 | ₹194,740 |
| S-HNI (Min) | 14 | 1,498 | ₹209,720 |
| B-HNI (Min) | 67 | 7,169 | ₹1,003,660 |
Financial Statements Amount in Crore
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 368 | 1,215 | 884 |
| Profit After Tax | 54 | 180 | 103 |
| Net Worth | 1,415 | 1,356 | 1,154 |
| Total Assets | 9,413 | 9,071 | 6,556 |
| Reserves & Surplus | 1,077 | 1,022 | 832 |
| Total Borrowing | 7,620 | 7,136 | 5,017 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
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. –
Company Overview
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.