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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 |
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
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
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?
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Is it possible for NRIs to use Angel One App to apply for Fedbank Financial Services IPO?
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