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Fedbank Financial Services IPO

Open 22nd Nov 2023 · Close 24th Nov 2023 · Listing 30th Nov 2023

Price Band₹133.00–₹140.00
Live GMP₹0.00
Subscription2.24×
Issue Size₹1,092.70 Cr
Allotment28th Nov 2023

At a glance

Updated 2026-08-24

Fedbank Financial Services is a Mainboard IPO with an issue size of ₹1,092.70 crore, proposed for listing on BSE, NSE. The offer opens on 22nd Nov 2023 and closes on 24th Nov 2023. The issue structure includes a fresh issue of ₹600.58 crore and an offer-for-sale component of ₹492.11 crore. The current listing schedule points to 30th Nov 2023.

Issue details

Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹1,092.70 Cr
Fresh issue₹600.58 Cr
Offer for sale₹492.11 Cr
Face value₹10
Price band₹133.00–₹140.00
Allotment28th Nov 2023
Listing30th Nov 2023

Grey market

GMP page ↗
Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹140.00
GMP is unofficial sentiment data, not an exchange price.

Timeline

Opens22nd Nov 2023
Closes24th Nov 2023
Allotment28th Nov 2023
Refund28th Nov 2023
Demat29th Nov 2023
Listing30th Nov 2023

Subscription demand

Full bidding ↗
Total2.24×

Lot size

InvestorLotsSharesAmount
Minimum Bid1107₹14,980

Company

Incorporated1995

Use of proceeds

ObjectAmount
Augmenting Companys Tier-I capital base to meet Companys future capital requirements₹573.91 Cr
Issue Expenses₹47.50 Cr
Total₹621.41 Cr

31 Mar 2021

Assets5,466.31
Total Income697.57
Profit After Tax61.68
NET Worth834.73
Reserves and Surplus544.45
Total Borrowing4,328.09

31 Mar 2022

Assets6,555.71
Total Income883.64
Profit After Tax103.46
NET Worth1,153.52
Reserves and Surplus832.00
Total Borrowing5,016.84

31 Mar 2023

Assets9,070.99
Total Income1,214.68
Profit After Tax180.13
NET Worth1,355.68
Reserves and Surplus1,021.52
Total Borrowing7,135.82

30 Jun 2023

Assets9,412.51
Total Income367.87
Profit After Tax53.88
NET Worth1,414.90
Reserves and Surplus1,076.67
Total Borrowing7,619.52
Trend chart₹ crore

KPIs

KPI
ROE
RoNW

Valuation & shareholding

Pre-IPO EPS5.60
Pre-IPO P/E25.04
Post-IPO P/E23.97
Promoter holding pre71.44%
Promoter holding post61.65%
Market cap₹5165.06 Cr.

Issue expenses

ExpenseAmount
Augmenting Companys Tier-I capital base to meet Companys future capital requirements₹573.91 Cr
Issue Expenses₹47.50 Cr
Total₹621.41 Cr

Registrar & lead managers

Registrar

MUFG Intime India Pvt.Ltd.

Lead managers

  • ICICI Securities Ltd.

Offer documents

Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.