Fedbank Financial Services IPO

Fedbank had filled a DHRP for an IPO consisting of fresh equity up to ₹900 crore and an offer for sale (OFS) of up to 4.57 crore shares.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Fedbank Financial Services IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Fedbank Financial Services

Fedbank Financial Service is a retail-focused NBFC promoted by The Federal Bank of India. They are the fastest-growing gold loan provider in India. The company has the lowest cost of borrowing among MSME and gold loan peers in India. The company has a tailored suite of products targeted which includes housing loans, small ticket loans against property (“LAP”), medium ticket LAP, unsecured business loans, and gold loans.

Fedbank Financial Service has been rated “AA'' by CARE for non-convertible debentures (“NCDs") since 2018, and “AA-” by India Ratings and Research Private Limited for its NCDs and long-term bank facility. As the company is promoted by the Federal bank of India, it adds a degree of trust among shareholders.

Headquartered in Mumbai, the company is present in 15 states and union territories with a strong presence in Southern and Western India. The company covers 136 districts in 15 states and union territories in India through 463 branches.

Fedbank Financial Services IPO Objectives

The fund will be utilized for augmenting the company’s Tier-I capital base to meet all the future capital requirements.

Why should you invest in the Fedbank Financial Services?

  • The brand has a strong presence in underpenetrated markets with strong growth potential.
  • Fedbank Financial Services has adopted a “twin-engine” business model that emphasises two complementary retail products: loans to ESEIs and MSMEs, and gold loans. This helps the business to reduce risk across economic cycles.

Financial Highlights

Particulars As at and for the year ended March 31, 2021 As at and for the year ended March 31, 2020 As at and for the year ended March 31, 2019
Basic earnings per equity share (in ₹) 2.10 1.01 1.70
Diluted earnings per equity share (in ₹) 2.18 1.60 1.76
Return on average net worth (%) 8.08% 6.81% 8.58%
Net asset value per share (in ₹) 28.79 25.28 19.94
PBT (in ₹ million) 769.28 559.96 508.15
EBITDA (in ₹ million) 4,173.88 2,763.11 1,725.01

How to apply for Fedbank Financial Services IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Fedbank Financial Services IPO and approve the payment on your UPI ID.

Demat Account

Fedbank Financial Services IPO Noteworthy Highlights:

  • Fedbank Financial Service had the highest growth among its market peers at a CAGR of 56% between Fiscal 2018 and Fiscal 2021.

The Brand’s Pros & Cons:

Pros Cons
Their “twin engine” business model ensure growth with a robust risk management. Risk of non-payment from borrowers can adversely affect the business.
The brand is completely focused on collateralized lending model for their retail finance segment. As the brand operate in a highly regulated industry, any changes in laws and rules can affect the business, financial conditions and results of operations.
It is a Technology driven company with scalable operating model. Volatility in interest rates for their lending and treasury operations, can cause the net interest income and net interest margin to vary.

Competitive Analysis: Market Peers

Name of the company Total Revenue (₹ in million) Face Value (₹) P/E EPS (Basic) (₹) Return on Net Worth (%) NAV per share (₹)
Fedbank Financial Services Limited 6,975.66 10 - 2.19 7.39% 28.79
Aavas Financiers Limited (Consolidated) 11,055.20 10 77.50 36.86 12.03% 305.82
Aptus nValue Housing (Consolidated) 6,552.42 2 63.08 5.56 13.54% 40.96
Five Star Business Finance (Consolidated) 10,512.55 1 - 14.01 15.49% 85.26
IIFL Finance (Consolidated) 59,893.95 2 15.61 20.09 14.11% 142.37
Manappuram Finance Limited (Consolidated) 63,746.24 2 7.52 20.40 23.45% 86.90

Fedbank Financial Services IPO FAQs

What is Fedbank Financial Services IPO?

Fedbank had filled a DHRP for an IPO consisting of fresh equity up to ₹900 crore and an offer for sale (OFS) of up to 4.57 crore shares.

When will the Fedbank Financial Services IPO allotment be available?

Details are not available.

What will be the Fedbank Financial Services IPO lot size?

Details are not available.

When will Fedbank Financial Services IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When will Fedbank Financial Services list on exchanges?

Usually, it takes ten working days from the last day of subscription to finally list the IPOs on the stock exchanges.

How to check the allotment status of Fedbank Financial Services IPO?

Angel One investors can log in to their account to check the allotment status of Fedbank Financial Services IPO.

Which exchanges will Fedbank Financial Services IPO list on?

The IPO will list on NSE and BSE exchanges.

Is it possible for NRIs to use Angel One App to apply for Fedbank Financial Services IPO?

NRIs can apply for Fedbank Financial Services IPO through Angel One App using their UPI app if their bank supports it for NRE/NRO accounts.

Is it necessary to approve a UPI mandate request immediately?

Approving the UPI payment is the final step of the IPO application. You will get T+1 days to approve the payment mandate in your UPI handle.

How to apply for this Fedbank Financial Services IPO via the Angel One App?

To apply for the IPO from the Angel One app, search for Fedbank Financial Services in the active IPO list and click on apply.

What is the minimum order quantity for Fedbank Financial Services IPO?

Details are not available.

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