22 Nov 2023
24 Nov 2023
₹ 1,100 Cr
₹133 to ₹ 140
30 Nov 2023
05 Dec 2023
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%.
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
Disclaimer Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.