Fedbank Financial Service is a retail-focused NBFC promoted by The Federal Bank of India. They are the fastest-growing gold loan provider in India. The company has the lowest cost of borrowing among MSME and gold loan peers in India. The company has a tailored suite of products targeted which includes housing loans, small ticket loans against property (“LAP”), medium ticket LAP, unsecured business loans, and gold loans.
Fedbank Financial Service has been rated “AA'' by CARE for non-convertible debentures (“NCDs") since 2018, and “AA-” by India Ratings and Research Private Limited for its NCDs and long-term bank facility. As the company is promoted by the Federal bank of India, it adds a degree of trust among shareholders.
Headquartered in Mumbai, the company is present in 15 states and union territories with a strong presence in Southern and Western India. The company covers 136 districts in 15 states and union territories in India through 463 branches.
Listing at NSE, BSE
|IPO Open Date||To be announced|
|IPO Close Date||To be announced|
|Allotment Date||To be announced|
|Initiation Of Refunds||To be announced|
|Credit Of Shares To
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
A simple and smartest way to apply in IPO online via Religare Dynami Mobile App
Below are your top reasons:
Their “twin engine” business model ensure growth with a robust risk management.
The brand is completely focused on collateralized lending model for their retail finance segment.
It is a Technology driven company with scalable operating model.
Risk of non-payment from borrowers can adversely affect the business.
As the brand operate in a highly regulated industry, any changes in laws and rules can affect the business, financial conditions and results of operations.
Volatility in interest rates for their lending and treasury operations, can cause the net interest income and net interest margin to vary.
Retail investors need to apply for the IPO using UPI
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Fedbank had filled a DHRP for an IPO consisting of fresh equity up to ₹900 crore and an offer for sale (OFS) of up to 4.57 crore shares.
There is no announcement regarding the date of allotment.
Details regarding the lot size of the IPO aren’t announced.
Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
You can submit only one application using one PAN card.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
Details are not available.
Details are not available.
The minimum investment size is one lot for retail investors.
It usually takes ten working days from the last day of subscription to list the IPO on the bourses.
Dynami customers can log in to their accounts to check Uma Converter Limited IPO. IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
The minimum size of the application will be one lot.