₹ 14980 / 107 shares

IPO Details

Issue Date

22 Nov - 24 Nov'23

Min Investments

₹ 14980

Issue Price

133 - 140

Lot Size

107

IPO Size

₹ 1093.03 Cr

IPO Listing Details

Listing On

30 Nov'23

Issue Price

133 - 140

Listed Price

₹ 138

Retail Gain/Listing Gain

-1.43%

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).

With that, let's take a look at the competitive strengths and risk factors for Fedbank Financial Services Limited:

The company is present in large, underpenetrated markets with strong growth potential
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Focused on retail loan products with a collateralised lending model targeting individuals and the emerging MSME sector
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Well-diversified funding profile with the advantage of lower cost of funds
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  • 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.
  • 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.

Here are the key financials for Fedbank Financial Services Limited:

Particulars (in Rs. million)

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Fedbank Financial Services Limited FAQs

The Fedbank Financial Services Limited IPO has an issue size of Rs. 1,092 crores. The IPO opens for subscription on 22nd November 2023 and closes on 24th November 2023.

Link Intime India Private Limited is the registrar for this IPO.

You may read more about Fedbank Financial Services Limited and its IPO from the company’s red herring prospectus (RHP)

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