Fedbank Financial Services IPO Details
Issue Date
22 Nov - 24 Nov'23
Price Range
₹133 - ₹140
Lot Size
107
IPO Size
₹1093.03 Cr
Fedbank Financial Services IPO Listing Details
Listing On
30 Nov'23
Issue Price
₹140
Listed Price
₹ 138
Retail Gain/Listing Gain
▼-1.43%
Schedule of Fedbank Financial Services IPO
Start date
22/11/2023
End date
24/11/2023
Allotment of bids
Refund Initiation
Listing on exchange
30/11/2023
Fedbank Financial Services IPO Review | Issue Details, Revenue, Future Strategies & More
Kotak Securities
•03m 21s
Company Background
Fedbank Financial Services Limited stands as a retail-centric non-banking finance company (NBFC) backed by The Federal Bank Limited, distinguishing itself as one of the five NBFCs promoted by private banks in India (Source: CRISIL Report). As of March 31, 2023, it proudly holds the title of the fastest-growing gold loan NBFC within its peer group and boasts the fastest year-on-year growth among gold loan NBFCs in India as of June 30, 2023 (Source: CRISIL Report).
The company is focused on catering to the MSMEs and the emerging self-employed individuals (ESEIs) sector. They offer products designed to align with the diverse needs of their customers, encompassing mortgage loans such as housing loans, small-ticket loans against property (LAP), medium-ticket LAP, unsecured business loans, and gold loans. Demonstrating their prowess, they achieved the third-highest growth in disbursement within the peer set, exhibiting a notable three-year Compound Annual Growth Rate (CAGR) of 35% from fiscal 2020 to 2023 (Source: CRISIL Report).
As of March 31, 2023, their standing is marked by the third fastest Asset Under Management (AUM) growth among NBFCs in the Indian peer set, exhibiting an impressive three-year Compound Annual Growth Rate (CAGR) of 33% from Fiscals 2020 to 2023. Additionally, they boast the fourth fastest year-on-year AUM growth, reaching 42% for the three-month period concluding on June 30, 2023 (Source: CRISIL Report).
Competitive Strengths
The company is present in large, underpenetrated markets with strong growth potential
Focused on retail loan products with a collateralised lending model targeting individuals and the emerging MSME sector
Well-diversified funding profile with the advantage of lower cost of funds
Risk Factors
- The company may face asset-liability mismatches, which could affect liquidity and consequently may adversely affect operations and profitability.
- The company has had negative cash flows in the past and may continue to have negative cash flows in the future.
- A significant percent of their gross AUM was located in specific regions. Any adverse developments in these regions could have an adverse effect on the business.
Key Strategies
- Continue to deliver consistent and industry-leading return matrices building on past performance.
- Focus on the performance of their large branch network and extracting operating leverage.
- Continue to invest in technology and digitisation initiatives.
Key Financials
Here are the key financials for Fedbank Financial Services Limited:
How to apply for IPO through ASBA
Kotak Securities
•00m 58s
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