Fedbank Financial Services IPO
Basic information about the company: The financial landscape in India is witnessing a transformative wave with the upcoming Fedbank Financial Services IPO. As a retail-focused non-banking finance company (NBFC), Fedbank stands out with its diverse range of financial services, including Gold Loans, Home Loans, Loan Against Property (LAP), and Business Loans.
Fedbank Financial Services Limited caters to the dynamic needs of its clientele, primarily comprising micro, small, and medium enterprises (MSMEs) and emerging self-employed individuals (ESEI) sectors. The company's product portfolio encompasses mortgage loans, small and medium-ticket LAP, unsecured business loans, and gold loans.
As of March 31, 2023, Fedbank Financial Services boasts an extensive network, with offices in 191 districts across 16 states and union territories in India. The company's 575 branches have a strong presence in the Southern and Western regions, including Andhra Pradesh (including Telangana) and Rajasthan. Competitive Strengths
Fedbank positions itself as a formidable player in the financial market with several competitive strengths:
Market Presence: Operating in large, underpenetrated markets with robust growth potential.
Retail Focus: Concentrating on retail loan products with a collateralized lending model, targeting individuals and the emerging MSME sector.
Risk Management: Demonstrating strong underwriting capabilities and a robust risk management framework, emphasizing effective underwriting and collections.
Experienced Management: Led by a cycle-tested management team, offering valuable experience and expertise.
Diversified Funding Profile: Maintaining a well-diversified funding profile with the advantage of a lower cost of funds, coupled with a scalable operating model driven by technology.
Objectives of the IPO
The Fedbank Financial Services IPO aims to achieve specific objectives through the utilization of net proceeds:
Capital Base Augmentation: Strengthening the company's Tier I capital base to meet future capital requirements resulting from business and asset growth.
Meeting Offer Expenses: Covering expenses related to the IPO offering.
Fedbank Financial Services IPO: Key Details
IPO Dates: 22 to 24 Nov 2023
Price Band: ₹133 to ₹140 per share
Lot Size: 107 Shares
Total Issue Size: 1092 Crs
Retail Quota: 35%
IPO Gmp: Nil
Link for checking Allotment status: https://linkintime.co.in/mipo/ipoallotment.html
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