Fedbank Financial Services IPO subscribed 2.24x on final day

The Fedbank Financial Services IPO was subscribed 2.24x on the final day of the IPO till 7:02:00 PM.

CategorySubscription (times)
QIB3.48
NII1.49
    bNII (bids above ₹10L)1.27
    sNII (bids below ₹10L)1.95
Retail1.88
Employee1.34
Total2.24

Fedbank Financial Services IPO Details

IPO DateNovember 22, 2023 to November 24, 2023
Listing DateTuesday, December 5, 2023
Face Value₹10 per share
Price Band₹133 to ₹140 per share
Lot Size107 Shares
Total Issue Size78,073,810 shares
(aggregating up to ₹1,092.26 Cr)
Fresh Issue42,912,087 shares
(aggregating up to ₹600.77 Cr)
Offer for Sale35,161,723 shares of ₹10
(aggregating up to ₹492.26 Cr)
Employee DiscountRs 10 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue322,477,605
Share holding post issue365,389,692

About Fedbank Financial Services

Sure, here is some information about Fedbank Financial Services Limited:

Fedbank Financial Services Ltd (Fedfina) is a non-banking finance company (NBFC) that was founded in 1995. It is a subsidiary of Federal Bank, a public sector bank in India. Fedfina provides a wide range of financial products and services to individuals and businesses, including gold loans, home loans, loans against property (LAP), and business loans.

Fedfina has a strong presence in South India, with over 573 branches across the states of Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Delhi, and Chandigarh. The company is also expanding its presence in other parts of India.

Fedfina is a leading player in the Indian NBFC sector. It is known for its strong financial performance, commitment to customer service, and focus on innovation. The company has a strong track record of profitability and has been growing rapidly in recent years.

Here are some of the key features of Fedbank Financial Services Limited:

  • Diversified product portfolio: Fedfina offers a wide range of financial products and services to meet the needs of its customers.
  • Strong financial performance: Fedfina is a financially sound company with a strong track record of profitability.
  • Customer-centric approach: Fedfina is committed to providing excellent customer service.
  • Focus on innovation: Fedfina is constantly innovating to develop new products and services to meet the evolving needs of its customers.

Fedbank Financial Services Limited is a well-respected NBFC in India. The company is known for its strong financial performance, commitment to customer service, and focus on innovation. Fedfina is well-positioned for continued growth in the future.

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