{"id":5258,"date":"2023-11-17T16:06:56","date_gmt":"2023-11-17T10:36:56","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5258"},"modified":"2023-11-20T09:03:47","modified_gmt":"2023-11-20T03:33:47","slug":"fedbank-financial-services-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/fedbank-financial-services-ipo\/","title":{"rendered":"Fedbank Financial Services IPO Details - Complete Overview of Fedbank Financial Services Limited IPO"},"content":{"rendered":"\n<p><strong>Fedbank Financial Services IPO Price: <\/strong>\u20b9133 - \u20b9140<strong><br>IPO Date Range:<\/strong> Nov 22, 2023 - Nov 24, 2023<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:35%\">\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"200\" height=\"93\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-Logo-1.png\" alt=\"Fedbank Financial Services IPO\" class=\"wp-image-5262\" style=\"aspect-ratio:2.150537634408602;width:251px;height:auto\" srcset=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-Logo-1.png 200w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-Logo-1-150x70.png 150w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:65%\">\n<h2 class=\"wp-block-heading\"> Foundation &amp; Business Essence:<\/h2>\n\n\n\n<p>Fedbank Financial Services Limited offers Gold Loans, Home Loans, LAP, and Business Loan Services. It's an NBFC focusing on retail, ranking second in borrowing costs among MSMEs, gold loan, and peers in India for Fiscal 2023.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Product Portfolio:<\/h2>\n\n\n\n<p>The company offers a diverse product lineup, spanning housing loans, small and medium ticket loans against property (LAP), unsecured business loans, and gold loans. Additionally, they operate a unique Phygital doorstep model, integrating digital and physical approaches to tailor services across all their products for customized customer experiences.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Network and Presence<\/h2>\n\n\n\n<p>By March 31, 2023, Fedbank Financial Services has established a robust network across 191 districts in 16 states and union territories in India. Operating through 575 branches, its prominent presence extends notably across the Southern and Western regions, encompassing Andhra Pradesh (including Telangana) and Rajasthan.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strengths<\/h2>\n\n\n\n<p>Key Strengths of Fedbank Financial Services Limited are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Thriving in expansive, untapped markets poised for significant growth.<\/li>\n\n\n\n<li>Concentration on retail loan products using a secured lending approach, targeting both individuals and the burgeoning MSME sector, offering a unique value hard to imitate.<\/li>\n\n\n\n<li>Robust underwriting expertise and a foothold in specific customer segments, bolstered by robust risk management strategies emphasizing efficient underwriting and collections.<\/li>\n\n\n\n<li>Seasoned leadership adept at navigating market cycles.<\/li>\n\n\n\n<li>Well-diversified funding structure leveraging lower-cost funds, supported by a technology-driven, scalable operational model.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-background has-medium-font-size\" style=\"background:linear-gradient(115deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);font-style:normal;font-weight:700\">Bidding Starts In<\/h2>\n\n\n\n<div class=\"wp-block-uagb-countdown uagb-block-3d225132\"><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-days\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-days\">-<\/div><div class=\"wp-block-uagb-countdown__label\">DAYS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-hours\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-hours\">-<\/div><div class=\"wp-block-uagb-countdown__label\">HOURS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-minutes\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-minutes\">-<\/div><div class=\"wp-block-uagb-countdown__label\">MINUTES<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-seconds\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-seconds\">-<\/div><div class=\"wp-block-uagb-countdown__label\">SECONDS<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-marketing-button uagb-marketing-btn__align-center uagb-marketing-btn__align-text-center uagb-marketing-btn__icon-after uagb-block-5217ab29 wp-block-button\"><a href=\"https:\/\/lakshmishree.com\/ipo\/\" class=\"uagb-marketing-btn__link wp-block-button__link\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"uagb-marketing-btn__title\">APPLY NOW<\/span><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M384 320c-17.67 0-32 14.33-32 32v96H64V160h96c17.67 0 32-14.32 32-32s-14.33-32-32-32L64 96c-35.35 0-64 28.65-64 64V448c0 35.34 28.65 64 64 64h288c35.35 0 64-28.66 64-64v-96C416 334.3 401.7 320 384 320zM488 0H352c-12.94 0-24.62 7.797-29.56 19.75c-4.969 11.97-2.219 25.72 6.938 34.88L370.8 96L169.4 297.4c-12.5 12.5-12.5 32.75 0 45.25C175.6 348.9 183.8 352 192 352s16.38-3.125 22.62-9.375L416 141.3l41.38 41.38c9.156 9.141 22.88 11.84 34.88 6.938C504.2 184.6 512 172.9 512 160V24C512 10.74 501.3 0 488 0z\"><\/path><\/svg><p class=\"uagb-marketing-btn__prefix\">Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Fedbank Financial Services IPO Specifics:<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Date<\/td><td>November 22, 2023 to November 24, 2023<\/td><\/tr><tr><td>Listing Date<\/td><td>Tuesday, December 5, 2023<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Price Band<\/td><td>\u20b9133 to \u20b9140 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>107 shares<\/td><\/tr><tr><td>Total Issue Size<\/td><td>78,073,810 shares<br>(aggregating up to \u20b91,092.26 Cr)<\/td><\/tr><tr><td>Fresh Issue<\/td><td>42,912,087 shares<br>(aggregating up to \u20b9600 Cr)<\/td><\/tr><tr><td>Offer For Sale<\/td><td>35,161,723 shares<br>(aggregating up to \u20b9492.26 Cr)<\/td><\/tr><tr><td>Issue Type<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr><tr><td>Share holding pre issue<\/td><td>322,477,605<\/td><\/tr><tr><td>Share holding post issue<\/td><td>365,389,692<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Fedbank Financial Services IPO Lot Size<\/h2>\n\n\n\n<p>Investors have the opportunity to bid for a minimum of 107 shares, increasing in multiples of this quantity. The table below outlines the minimum and maximum investment thresholds for both retail investors and HNIs in shares and corresponding amounts.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Application<\/th><th>Lots<\/th><th>Shares<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Retail (Min)<\/td><td>1<\/td><td>107<\/td><td>\u20b9 14,980<\/td><\/tr><tr><td>Retail (Max)<\/td><td>13<\/td><td>1,391<\/td><td>\u20b9194,740<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>14<\/td><td>1,498<\/td><td>\u20b9209,720<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>66<\/td><td>7,062<\/td><td>\u20b9988,680<\/td><\/tr><tr><td>B-HNI (Min)<\/td><td>67<\/td><td>7,169<\/td><td>\u20b91,003,660 <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Fedbank Financial Services IPO Reservation<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>QIB Shares Offered<\/td><td>Not more than 50% of the Net Issue<\/td><\/tr><tr><td>Retail Shares Offered<\/td><td>Not less than 35% of the Net Issue<\/td><\/tr><tr><td>NII (HNI) Shares Offered<\/td><td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Fedbank Financial Services IPO Timetable (Important Dates)<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Open Date<\/td><td>Wednesday, November 22, 2023<\/td><\/tr><tr><td>IPO Close Date<\/td><td>Friday, November 24, 2023<\/td><\/tr><tr><td>Basis of Allotment<\/td><td>Thursday, November 30, 2023<\/td><\/tr><tr><td>Initiation of Refunds<\/td><td>Friday, December 1, 2023<\/td><\/tr><tr><td>Credit of Shares to Demat<\/td><td>Monday, December 4, 2023<\/td><\/tr><tr><td>Listing Date<\/td><td>Tuesday, December 5, 2023<\/td><\/tr><tr><td>Cut-off time for UPI mandate confirmation<\/td><td>5 PM on November 24, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-b994fb1e\"><h2 class=\"uagb-heading-text\">Don't Miss Out!<\/h2><div class=\"uagb-separator\"><\/div><p class=\"uagb-desc-text\">Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 is-style-fill\"><a class=\"wp-block-button__link has-vivid-red-background-color has-background has-text-align-center wp-element-button\" href=\"https:\/\/lakshmishree.com\/ipo\/\" target=\"_blank\" rel=\"noreferrer noopener\">APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Fedbank Financial Services Limited IPO Financial Information<\/h2>\n\n\n\n<p>Between the financial years ending March 31, 2023, and March 31, 2022, Fedbank Financial Services Limited saw a 37.46% surge in revenue, accompanied by a remarkable 74.11% rise in profit after tax (PAT).<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Period Ended<\/th><th>31 Mar 2021<\/th><th>31 Mar 2022<\/th><th>31 Mar 2023<\/th><th>30 Jun 2023<\/th><\/tr><\/thead><tbody><tr><td>Assets<\/td><td>5466.31<\/td><td>6555.71<\/td><td>9070.99<\/td><td>9412.51<\/td><\/tr><tr><td>Revenue<\/td><td>697.57<\/td><td>883.64<\/td><td>1214.68<\/td><td>367.87<\/td><\/tr><tr><td>Profit After Tax<\/td><td>61.68<\/td><td>103.46<\/td><td>180.13<\/td><td>53.88<\/td><\/tr><tr><td>Net Worth<\/td><td>834.73<\/td><td>1153.52<\/td><td>1355.68<\/td><td>1414.90<\/td><\/tr><tr><td>Reserves &amp; Surplus<\/td><td>544.45<\/td><td>832<\/td><td>1021.52<\/td><td>1076.67<\/td><\/tr><tr><td>Total Borrowings<\/td><td>4328.09<\/td><td>5016.84<\/td><td>7135.82<\/td><td>7619.52<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><small>Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicator - Fedbank Financial Services IPO<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>KPI<\/th><th>Values<\/th><\/tr><\/thead><tbody><tr><td>P\/E (x)<\/td><td>25.04<\/td><\/tr><tr><td>Market Cap (Rs Cr.)<\/td><td>5165.06<\/td><\/tr><tr><td>EPS (Rs)<\/td><td>5.6<\/td><\/tr><tr><td>RoNW<\/td><td>13.29%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Objects of the Issue:<\/strong><\/h2>\n\n\n\n<p>The company plans to use the net proceeds from the issue for the following purposes:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Strengthening the company's Tier I capital base to support future capital needs driven by business and asset growth.<\/li>\n\n\n\n<li>Covering offer-related expenses.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prospectus Links:<\/strong><\/h2>\n\n\n\n<p><strong>Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. <a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/jul-2023\/fedbank-financial-services-limited-drhp_74701.html\" target=\"_blank\" rel=\"noopener\">Fedbank Financial Services IPO DRHP<\/a> and <a href=\"https:\/\/www.icicisecurities.com\/Upload\/ArticleAttachments\/Fedbank%20Financial%20Services%20Limited%20-%20RHP.pdf\" target=\"_blank\" rel=\"noopener\">Fedbank Financial Services IPO RHP<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-e0c8c4f4\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1693390748634\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390791940\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Why do companies go public with an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390691805\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is the price range for the \"Fedbank Financial Services Limited\" IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The price range for the\"Fedbank Financial Services Limited\" IPO is \u20b9133 to \u20b9140 per share.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390728061\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">When will the \"Fedbank Financial Services Limited\" IPO be listed on the stock exchange?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The \"Fedbank Financial Services Limited\" IPO is expected to be listed on Tuesday, December 5, 2023.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390318021\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How to apply for an IPO with Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>To apply for an IPO with Lakshmishree:<br \/>Go to www.lakshmishree.com\/ipo<br \/>Select the desired IPO and fill in the required details.<br \/>Confirm your application and make the payment.<br \/>Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390631857\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Fedbank Financial Services IPO Price: \u20b9133 - \u20b9140IPO Date Range: Nov 22, 2023 - Nov 24, 2023 Foundation &amp; Business Essence: Fedbank Financial Services Limited offers Gold Loans, Home Loans, LAP, and Business Loan Services. It's an NBFC focusing on retail, ranking second in borrowing costs among MSMEs, gold loan, and peers in India for [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[336],"tags":[],"class_list":["post-5258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"uagb_featured_image_src":{"full":["https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-IPO.jpeg",1600,795,false],"thumbnail":["https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-IPO-752x421.jpeg",752,421,true],"medium":["https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-IPO-752x374.jpeg",752,374,true],"medium_large":["https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-IPO-768x382.jpeg",768,382,true],"large":["https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-IPO-1024x509.jpeg",1024,509,true],"1536x1536":["https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-IPO-1536x763.jpeg",1536,763,true],"2048x2048":["https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-IPO.jpeg",1600,795,false],"rpwe-thumbnail":["https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-IPO-45x45.jpeg",45,45,true],"web-stories-poster-portrait":["https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-IPO-640x795.jpeg",640,795,true],"web-stories-publisher-logo":["https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-IPO-96x96.jpeg",96,96,true],"web-stories-thumbnail":["https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/Fedbank-Financial-Services-IPO-150x75.jpeg",150,75,true]},"uagb_author_info":{"display_name":"Meghna Mundhra","author_link":"https:\/\/lakshmishree.com\/blog\/author\/meghnalispl\/"},"uagb_comment_info":0,"uagb_excerpt":"Fedbank Financial Services IPO Price: \u20b9133 - \u20b9140IPO Date Range: Nov 22, 2023 - Nov 24, 2023 Foundation &amp; Business Essence: Fedbank Financial Services Limited offers Gold Loans, Home Loans, LAP, and Business Loan Services. It's an NBFC focusing on retail, ranking second in borrowing costs among MSMEs, gold loan, and peers in India for&hellip;","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=5258"}],"version-history":[{"count":4,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5258\/revisions"}],"predecessor-version":[{"id":5292,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5258\/revisions\/5292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/5281"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=5258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=5258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=5258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}