Fedbank Financial Services Limited

Company Profile
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.

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Financial Summary in Cr.

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

Tentative Timeline

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

Objects of the Issue

Augmenting the company’s Tier 1 capital base to meet future capital requirements, arising from the growth of business and assets
Meeting offer expenses

Contact Information

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
Email cs@fedfina.com
Website https://www.fedfina.com/

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270
Email fedbankfinancialservices.ipo@linkintime.co.in
Website https://linkintime.co.in/mipo/ipoallotment.html

IPO Reservation

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

Shareholding Pattern

Share Holding Pre Issue (Promoters) 72.28%
Share Holding Post Issue (Promoters) 62.40%

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