Issue Price
₹140
Per Share
GMP
NIL
Grey Market
Est. Listing
₹140
Expected Price
Min. Application
₹29,960
2 lots × 107 shares
Incorporated in 1995, Fedbank Financial Services Limited a subsidiary of The Federal Bank Limited, provides Gold Loans, Home Loans, Loan Against Property (LAP), and Business Loan Services.The company's product range includes mortgage loans such as housing loans; small ticket loans against property (LAP); medium ticket LAP, unsecured business loans, and gold loans. The company also has a Phygital doorstep model, a combination of digital and physical initiatives, for providing customized services to customers across all the products.The company is headquartered in Mumbai, Maharashtra. As of June 30, 2023, Fedbank Financial Services has covered 190 districts in 17 states and union territories in India through 584 branches. As of June 30, 2023, the company has employed 3,732 personnel across the 584 branches.As of June 30, 2023, the outstanding borrowings were ₹ 31,098.36 million from private sector banks, ₹ 28,320.72 million from public sector banks, ₹ 2,046.87 million from an NBFC, ₹ 1,500.00 million from a foreign bank, and ₹ 13,229.09 million from other entities.
Fedbank Financial Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 78,073,810 | 100.00% | ₹1,093.03 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1,391 | ₹194,740 |
| sNII (Min) | 14 | 1,498 | ₹209,720 |
| bNII (Min) | 68 | 7,276 | ₹1,018,640 |
| Particulars | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 367.87 | 1214.68 | 883.64 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 53.88 | 180.13 | 103.46 |
| Net Worth | 1414.90 | 1355.68 | 1153.52 |
| Total Assets | 9412.51 | 9070.99 | 6555.71 |
| Reserves & Surplus | 1076.67 | 1021.52 | 832.00 |
| Total Borrowings | 7619.52 | 7135.82 | 5016.84 |