Important dates with respect to IPO allotment and listing
IPO Open Date
To be announced
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.
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.
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Know before investing
Their “twin engine” business model ensure growth with a robust risk management.
The brand is completely focused on collateralized lending model for their retail finance segment.
It is a Technology driven company with scalable operating model.
Risk of non-payment from borrowers can adversely affect the business.
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.
Volatility in interest rates for their lending and treasury operations, can cause the net interest income and net interest margin to vary.
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