| Company Name | Fedbank Financial Services Limited |
| Open Date | 22-11-2023 |
| Close Date | 24-11-2023 |
| Exchange | BSE, NSE |
| Lot Size | 107 Shares |
| Issue Price | ₹133 to ₹140 per share |
| Issue Size | 7,80,73,810 Equity Shares |
| Application Amount | Min. Inv. - ₹ 14,980 (107 shares) Max. Inv. – ₹ 1,94,740 (1,391 shares) |
| Recommendation | Apply |
Fedbank Financial Services Limited was originally incorporated in the year 1995 and has its registered office in Mumbai, Maharashtra. The company is a retail focused non-banking finance
company 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 is in the business of providing Gold Loans, Home Loans, Loan Against Property (LAP) and Business Loan Services. The company’s clientele comes mainly from the MSME and emerging self-employed individuals (ESEI) sectors. As of 30th June 2023, the Company had 3,732 employees on its payroll.
| For the Period Ended | Mar-2 1 | Mar-22 | Mar-23 | Sep-23 |
| Total Assets | 5,466.31 | 6,555.71 | 9,070.99 | 9,412.51 |
| Net Assets | 834.73 | 1,153.72 | 1,355.68 | 1,414.90 |
| Total Borrowings | 3,475.94 | 4,224.35 | 6,264.93 | 6,452.98 |
| Total Revenue | 697.57 | 883.64 | 1,214.68 | 367.87 |
| Profit After Tax | 61.68 | 103.46 | 180.13 | 53.87 |
| Opening Date | 22/11/2023 |
| Closing Date | 24-11-2023 |
| Basis of Allotment | 28-11-2023 |
| Initiation of Refunds | 28-11-2023 |
| Credit of Shares to Demat | 29-11-2023 |
| Listing Date | 30-11-2023 |
| Augmenting the company’s Tier 1 capital base to meet future capital requirements, arising from the growth of business and assets |
| Meeting offer expenses |
| Registered Office | 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 |
| cs@fedfina.com | |
| Website | https://www.fedfina.com/ |
| Name | Link Intime India Private Limited |
| Phone | +91-22-4918 6270 |
| fedbankfinancialservices.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
| 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 |
| Share Holding Pre Issue (Promoters) | 72.28% |
| Share Holding Post Issue (Promoters) | 62.40% |