Fedbank Financial Services Ltd IPO

Fedbank Financial Services Limited, a retail-focused NBFC backed by The Federal Bank Limited, stands out with the second-lowest cost of borrowing among MSMEs, gold loans, and peers in India as of Fiscal 2023. Boasting the third-fastest AUM growth and positioned as the fastest-growing gold loan NBFC in the country, it's a dynamic player in the financial landscape. With a robust suite of products targeting MSMEs and self-employed individuals, it aims to bridge the credit gap. Headquartered in Mumbai, FFSL's strategic expansion across 16 states and union territories positions it as a key player in India's retail credit growth story.

RHP
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DRHP
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Open Date

2023-11-22

Close Date

2023-11-24

Fedbank Financial Services Ltd IPO Details

Check out the issue details for Fedbank Financial Services Ltd IPO as disclosed in SEBI.

IPO Price

₹ 140

Price Band

₹ 133 - 140

Issue Size

1092.26 Cr.

Issue Type

Book Built

Open

2023-11-22

Close

2023-11-24

Listingprice

₹ 138

ListingGain

-1.43%

Listing Date

2023-11-30

CMP

₹ 93.96

Current Return

-32.89%

Fedbank Financial Services Ltd News

Fedbank Financial Services informs about newspaper publication28 Oct, 3:29PM Fedbank Financial - Quaterly Results23 Oct, 3:46PM Fedbank Financial - Quaterly Results23 Oct, 3:46PM Fedbank Financial - Quaterly Results23 Oct, 3:46PM Fedbank Financial Services informs about clarification19 Sep, 5:19PM Fedbank Financial - Quaterly Results19 Jul, 1:02PM Fedbank Financial - Quaterly Results19 Jul, 1:02PM Fedbank Financial - Quaterly Results19 Jul, 1:02PM Fedbank Financial Services informs about compliances-certificate 16 Jul, 4:47PM Fedbank Financial Services informs about allotment of equity shares 24 Jun, 2:37PM Fedbank Financial Services informs about analyst meet 14 Jun, 5:18PM Fedbank Financial - Quaterly Results29 Apr, 2:38PM Fedbank Financial - Quaterly Results29 Apr, 2:38PM Fedbank Financial - Quaterly Results29 Apr, 2:38PM Fedbank Financial Services informs about board meeting19 Apr, 3:10PM Fedbank Financial Services informs about analyst meet19 Mar, 4:23PM Fedbank Financial Services informs about analyst meet15 Mar, 3:33PM Fedbank Financial Services informs about analyst meet 6 Mar, 5:12PM Fedbank Financial Services informs about analyst meet 23 Feb, 2:48PM Fedbank Financial Services informs about audio recording of conference call16 Jan, 9:59AM

Company Financials

You can get the following financial statements of Fedbank Financial Services Ltd as of now.

Exchange

NSE: FEDFINA BSE: 544027

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the FedBank Financial Services Limited IPO is as:

  • The issue size of the IPO is 1092.26 Cr.
  • The price band for FedBank Financial Services Limited IPO is Rs 133 to Rs 140_.
  • The shares of FedBank Financial Services Limited IPO will list on 30th November 2023.
  • The latest tentative GMP of FedBank Financial Services Limited IPO is Rs 1.
  • The shares of FedBank Financial Services Limited IPO is subscribed 2.24 Times as of 24th November 2023. 

 

FedBank Financial Services Limited IPO Valuation

The approx valuation of FedBank Financial Services Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 140
Existing Shares (Qty) 32.24 Cr
Fresh Issue 600 Cr
Market Cap 5113.6 Cr
EPS (FY23) Rs 5.60
PE Ratio 25x
Industry PE 18.97x

 

FedBank Financial Services Limited IPO Issue Size

FedBank Financial Services Limited IPO issue size is 1092.26 Cr. 

Issue Amount
Fresh Issue 600 Cr
Offer For Sale 492.26 Cr

 

FedBank Financial Services Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 107 shares and a maximum of 13 lots of 1391 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 107 14,980
 Maximum 13 1391 1,94,740

 

FedBank Financial Services Limited IPO share offer

The shares of FedBank Financial Services Limited IPO is subscribed 2.24 Times as of 24th November 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 3.48 Times
Non-Institutional Minimum 15% 1.49 Times
Retail Individual Minimum 35% 1.88 Times
Employee 8,13,008 Shares 1.34 Times
Total   2.24 Times

Find below the dates for FedBank Financial Services Limited IPO:

Schedule Date
Basis of Allotment 28 November 2023
Refunds 29 November 2023
Credit to Demat Account 29 November 2023
IPO Listing Date 30 November 2023

 

FedBank Financial Services Limited IPO allotment is out. Check the allotment of FedBank Financial Services Limited IPO by clicking on the button below

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 449.88 691.82 869.32 1178.79 1577.21
Total Expenditure 190.3 280.56 360.1 462.67 587.57
Operating Profit 259.58 411.26 509.22 716.12 989.64
Other Income 16.73 6.13 14.34 56.29 55.35
Interest 201.1 313.19 347.65 472.15 679.56
Depreciation 19.21 27.27 36.7 41.87 37.35
Exceptional Items 0 0 0 -15.37 0
Profit Before Tax 56 76.93 139.21 243.02 328.08
Provision for Tax 16.86 15.25 35.75 62.89 83.38
Net Profit 39.14 61.68 104.14 180.13 244.7
Adjusted EPS (Rs.) 0.14 0.21 0.32 0.56 0.66

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 273.42 289.92 321.52 321.91 369.39
Total Reserves 417.74 544.81 832 1033.77 1891.44
Borrowings 2950.63 3856.31 4569.1 6619.62 7453.38
Other N/C liabilities -4.58 -17.36 -28.39 -16.72 6.94
Current liabilities 442.48 772.25 829.98 1090.58 1414.5
Total Liabilities 4079.69 5445.93 6524.21 9049.16 11135.65
Assets
Net Block 106.64 133.03 153.62 145.79 145.56
Capital WIP 0.42 0.96 0.66 0.53 0.27
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 8.26 9.51 11.72 13.34 22.32
Other N/C Assets 0 0 0 50.08 119.21
Current Assets 3964.37 5302.43 6358.21 8839.42 10848.29
Total Assets 4079.69 5445.93 6524.21 9049.16 11135.65
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 3.16 16 20.15 13.68 6.11
Profit Before Tax 77.37 87.8 90.85 93.63 86.42
Tax 19.61 22.4 23.19 23.4 21.87
Profit After Tax 57.76 65.4 67.66 70.23 64.55
Adjusted EPS (Rs) 1.78 1.77 1.83 1.89 1.74

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 61.16 0
Jun 2024 61.35 0
Mar 2024 61.58 0
Dec 2023 61.65 0
Mar 2021 74 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 56 76.93 139.21 243.02 328.08
Adjustment 230.79 392.91 453.25 515.16 704.5
Changes in Assets & Liabilities -1662.44 -825.72 -1121.19 -2174.75 -1732.87
Tax Paid -17.56 -15.35 -49.16 -57.43 -75.23
Operating Cash Flow -1393.21 -371.23 -577.89 -1474 -775.52
Investing Cash Flow -72.46 -70.52 -416.92 -129.52 -100.09
Financing Cash Flow 1598.85 825.49 534.74 1631.52 967.19
Net Cash Flow 133.18 383.74 -460.07 28 91.58
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