Fedbank Financial Services IPO Details

Open Date

22 Nov 2023

24 Nov 2023


₹ 1,100 Cr

Lot Size

IPO Size

Listing At


Listing  Date

Price Range

₹133 to ₹ 140

Close Date

Allotment Date

30 Nov 2023

05 Dec 2023

IPO Details

FedBank Financial Services Ltd is a retail focused NBFC promoted by The Federal Bank Limited. It has the second and third lowest cost of borrowing among the micro, small and medium enterprises (“MSMEs”), gold loan and MSME & gold loan peer set in India in FY2023 and the quarter ending  June 30, 2023, respectively. Fedbank is the fastest growing gold loan NBFC among the gold loan peer set as of March 31, 2023.  The company had the third fastest AUM growth with a CAGR of 33% between FY2020 and FY2023. Accounting for the June quarter of the current financial year, the AUM growth stands at 42%. 

About the Company

The proceeds from the issue will be used for augmenting the company’s Tier–I capital base to meet its future capital requirements arising out of the growth of business and assets.


The book-running lead managers to the offer are: ICICI Securities Ltd,  Equirus Capital Private Ltd,  BNP Paribas  JM Financial Ltd

Book Runners

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