November 30, 2023
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Fedbank Financial Services GMP, Details & Review @ Chanakyanipothi.com,
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Fedbank Financial Post Listing Review:
The scrip listed at Rs. 137.75 below its issue price of Rs. 140. There was no fancy in the grey market for this IPO. After showing positive premium for few sessions, no trades were seen at this counter.
What is the latest GMP of Fedbank Financial Services IPO?
Premium: Rs.0 No trades now.
Small Application
Application Rs.0
Subject to Rs. 0
Fedbank Financial Services IPO Subscriptions
Fedbank Financial Services Limited raises Rs.324.67 crore from 22 anchor investors at the upper price band of 140 per equity share.
On 24 November 2023 @ 5.00 (Day 3) (Closed)
Review: oversubscription expected
QIB: 4118052 Shares 3.51 T
NII(10L+): 2059027 Shares 1.23 T
NII (<10L) 1029514 Shares 1.89 T
NII (Total) 3088541 Shares 1.45 T
RII: 7206595 Shares 1.82 T
RII: 813008 Shares 1.34 T
Total: 14413188 Shares 2.20 T
Bids of Rs. 20396 Crores
Fedbank Financial Services IPO Promoters
The Federal Bank Ltd
Fedbank Financial Services IPO Company Details
Fedbank Financial Services is a retail focused NBFC promoted by The Federal Bank Limited. It is the fastest growing gold loan NBFC among the gold loan peer set in India as of March 31, 2021. It is one among five private banks promoted NBFCs in India. It has the lowest cost of borrowing among the MSME, and gold loan peer set in India in Fiscal 2021. As on March 31, 2021, it is the NBFC with the third fastest AUM growth in the peer set in the last three fiscal years in India with a CAGR of 49% between Fiscals 2018 and 2021.
As on September 30, 2021, 86.25% of its total Loan Assets are secured against tangible assets, namely gold or customer’s property.
Fedbank Financial Services operates a “twin engine” business model, with two complementary products, namely gold loans and instalment loans to MSMEs and emerging self-employed individuals (“ESEIs”), and it believes that this business model provides it with the opportunity for growth as well as a countercyclical hedge for disruptions in the Indian economy and the retail loans industry.
According to CRISIL, most lenders tend to lend aggressively during good times and pull back during periods of distress and slowdown in economic growth. As lenders become more cautious due to slowdown in economy, gold loans serve as a quick, easy and convenient avenue to fund short term needs of customers.Accordingly, its instalment loans to MSMEs and ESEIs and gold loans are complementary products. It also has other instalment loan products such as housing loans and unsecured business loans, that are offered to its target customers.
Its AUM grew at a CAGR of 49% between Fiscals 2018 and 2021. It had the highest growth in
disbursement among the peer set at a CAGR of 56% between Fiscal 2018 and Fiscal 2021. Its instalment loans to MSMEs and ESEIs had an AUM of Rs 29,338.25 million and its gold loans had an AUM of Rs 21,329.24million as on September 30, 2021.
For more information, click www.fedfina.com
Objects of the IPO
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting its Company’s Tier – I capital base to meet the Company’s future capital requirements, arising out of the growth of its business and assets
| Fedbank Financial IPO Details | |
| IPO opens on | 22 November,2023 |
| IPO closes on | 24 November,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | up to (?) Shares /Rs 1100 Cr |
| * Fresh Issue | up to ? Shares / Rs.750 Cr |
| * Offer for Sale | up to ? Shares / Rs 350 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 140 |
| Employee discount | Rs. (?) per share |
| Retail Lot Size | (?) Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. |
| QIB (50 %) | – | Rs (?) Cr |
| NII (15 %) | – | Rs (?) Cr |
| RII (35 %) | – | Rs (?) Cr |
| Employees | – | Rs (?) Cr |
| Total Shares | – | |
| Retail portion will be oversubscribed by | – Forms | |
| How much Shares to Apply? | ||
| Min Retail Application | – Shares | Rs. – |
| Max Retail Application | – shares | Rs. – |
| Small HNI (Min) application | – Shares | Rs. – |
| Small HNI (Max) application | – shares | Rs. – |
| Big HNI Application | – shares | Rs. – |
| Fedbank Financial IPO Tentative timetable | |
| IPO opens on | 22 November, 2022 |
| IPO Closes on | 24 November, 2022 |
| IPO Allotment on | 30 November, 2022 |
| Unblocking of ASBA | 1 December, 2022 |
| Credit to Demat Accounts | 4 December, 2022 |
| Listing on | 5 December,2022 |
| Registered Office of Fedbank Financial | |
| Kanakia Wall Street, A Wing, 5th Floor, Unit No. 511, Andheri Kurla Road, Andheri (East), Mumbai 400093, Maharashtra | |
| Fedbank Financial IPO Lead Managers | |
| ICICI Securities, Equirus Capital, IIFL Securities, J M financial, |
|
| Registrar to Fedbank Financial IPO | |
| Link Intime India Ltd. |
| Fedbank Financial IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. | Rs. | Rs. | % | |
| 2020-21 | 698 | 61.68 | ? | ? |
| 2021-22 | 884 | 103.46 | ? | ? |
| 2022-23 | 1215 | 180.13 | ? | ? |
| Book Value of the Share on | 31.03.2023 | Rs.? | ||
| Book Value of the Share | after the IPO | Rs. | ||
| Offer Price | Rs. – | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | – |
| Upper offer price/Book Value Ratio | – |
| Upper offer price/BV after IPO Ratio | – |
Fedbank Financial Peer Comparison
| As on date of DRHP | Total | Net | PE |
| Rs. in Cr. | Income | Profit | Ratio |
| Rs. | Rs | ||
| The IPO Company | 0 | 0 | (?) |
| Aavas Financiers | 0 | 0 | 77.5 |
| Aptus Value Housing | 63.08 | ||
| Five Star Business Fin | NA | ||
| IIFL Finance | 15.61 | ||
| Manappuram Finance | 7.52 | ||
| Muthoot Finance | 15.14 | ||
| Shriram City Union | 11.13 |
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Allways keep yourown standard anytime so, am prode of Fedbank Thank you…..