Listed Price₹138.00
Listing Gain-1.43%
Price Band₹133 - ₹140
Lot Size107 shares
Min Bid₹14,980
Subscription2.2x
Listed Market Snapshot
₹138.00Listed price from market data
-1.43%listing gain
Issue Amount
₹1,092.26 Cr
Listed Price
₹138.00
Current Price
₹154.57
Registrar
Link Intime India Private Ltd
Timeline•Book Built Issue IPO
Open22 Nov 2023
Close24 Nov 2023
Allotment29 Nov 2023
Listing30 Nov 2023
Quota Reservation Portions
RetailPortion: 2,70,56,603 shares
34.66%Nii(hni)Portion: 1,15,95,687 shares
14.85%QIBPortion: 3,86,52,290 shares
49.51%EmployeesPortion: 7,69,230 shares
0.99%Minimum Application Bracket Matrix
Retail1 lots / 107 shares
₹14,980sHNI14 lots / 1,498 shares
₹2,09,720bHNI67 lots / 7,169 shares
₹10,03,660About the Company
Fedbank Financial Services Limited is a retail-focused NBFC offering Gold Loans, Home Loans, Loans Against Property (LAP), and Business Loans, mainly serving MSMEs and emerging self-employed individuals. It has one of the lowest borrowing costs among peers in FY23, helping it offer competitive lending products. The company provides housing loans, small and medium ticket LAP, unsecured business loans, and gold loans, and uses a “Phygital” model that blends digital technology with doorstep physical service. As of March 31, 2023, Fedbank Financial Services operated 575 branches across 191 districts in 16 states and union territories, with a strong presence in the Southern and Western regions of India.
Company Promoters
The Federal Bank Limited
Registrar
Link Intime India Private Ltd