Fedbank Financial Services Limited
ListedMainboardIndustrial & Financial Services · NSE / BSE
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.
Price Band
₹133 – ₹140
Issue Size
₹1092 Cr
Lot Size
107 shares
GMP
—
Est. Listing
₹140
at current GMP
Subscribed
2.20x
overall
Open
22 Nov 2023
Close
24 Nov 2023
Allotment
29 Nov 2023
Refund
30 Nov 2023
Demat Credit
1 Dec 2023
Listing
30 Nov 2023
Last updated 12 days ago
Key Highlights
- •Leading player in the Indian market segment
- •Price band established at ₹133 - ₹140 per equity share
- •Minimum bid lot is 107 shares
- •Estimated listing target of ₹140 based on current grey market activity