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
Overall Subscription
2.20x
Total Demand
QIB Multiplier
3.51x
Institutions & Funds
NII / HNI
1.45x
High Net-Worth
Retail (RII)
1.82x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 15,349,339 | 53,825,280 | 3.51x |
| NIB | 11,928,394 | 17,304,575 | 1.45x |
| HNIs(10L +) | 7,952,262 | 9,779,800 | 1.23x |
| HNIs (2-10L) | 3,976,132 | 7,524,775 | 1.89x |
| RETAIL | 27,832,919 | 50,791,188 | 1.82x |
| EMPLOYEES | 813,008 | 1,092,577 | 1.34x |
| Total | 67,852,054 | 140,318,195 | 2.20x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 255,201 | 464,466 | 1.82x |
| HNIs (10L +) | 1,632 | 2,366 | 1.45x |
| HNIs (2-10L) | 7,812 | 11,327 | 1.45x |
| Total Applications | 264,645 | 478,159 | 1.81x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Fedbank Financial Services Limited Public Issue & Market Profile
Fedbank Financial Services Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹1,092.26 Crores. The shares are offered at a price band of ₹133 to ₹140 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 107 shares (approx. ₹14,980 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Link Intime India Private Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-01, while un-allotted funds or UPI block mandates will be released on 2023-11-30.
Frequently Asked Questions
What is Fedbank Financial Services Limited IPO GMP today?
Currently, Fedbank Financial Services Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹133 to ₹140 per equity share.
What is the expected profit per lot for Fedbank Financial Services Limited IPO?
The retail lot size is 107 shares requiring a minimum application amount of ₹14,980. Expected listing price is ₹140 per equity share.
What is the issue size and price band for Fedbank Financial Services Limited IPO?
The Fedbank Financial Services Limited IPO aggregate issue size is ₹1,092.26 Crores with an equity price band set at ₹133 to ₹140 per equity share. The retail lot size is 107 shares requiring a minimum capital outlay of approx. ₹14,980.
How can I check Fedbank Financial Services Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.20x (Retail: 1.82x, QIB: 3.51x, NII: 1.45x). You can track live multiples directly on our dedicated subscription page.
Where and when will Fedbank Financial Services Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Ltd) and the BSE status verification website on or around 2023-11-29. Investors can verify status using PAN card or application number.
When is the listing date for Fedbank Financial Services Limited IPO?
Fedbank Financial Services Limited shares are scheduled to list on NSE and BSE on 2023-11-30.