Fedbank Financial Services is a retail focused NBFC promoted by the Federal Bank Ltd. The company operates a "twin engine" business model, with two complementary products, namely gold loans and instalment loans to MSMEs and emerging self-employed individuals.
The IPO consists of a fresh issue of Rs.900 crore and an offer for sale (OFS) of up to 45.71 million shares by its existing shareholders and promoters.
The OFS comprises up to 16.50 million shares by Federal Bank and up to 29.22 million shares by True North Fund VI LLP. Currently, Federal Bank holds a 73.31 percent stake while True North Fund VI LLP has a 25.76 percent stake in FedFina.
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.
Opening Date
Closing Date
Price Band
Issue Size
Face Value
Market Lot
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 Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
| Particulars | FY21 | FY20 | FY19 |
|---|---|---|---|
| Revenue from operations | 1,538.17 | 1,459.15 | 1,552.23 |
| Revenue from ethanol (%) | 21.28% | 16.83% | 11.94% |
| Revenue from bio-based chemicals (%) | 34.96% | 31.22% | 39.26% |
| PAT | 27.15 | 4.06 | 5.53 |
| EBITDA | 165.83 | 116.98 | 146.16 |
| EPS (In Rs) | 6.47 | 1 | 1.46 |
| Total Assets | 1,441.7 | 1,434.5 | 846.11 |
| Total Borrowings | 563.38 | 604.12 | 800.90 |
| Equity Share Capital | 41.95 | 41.95 | 38.38 |
A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App
Below are your top reasons:
| Strengths | Risks | ||
|---|---|---|---|
| Focus on retail loan products with a collateralized lending model targeting individuals and the emerging MSME sector which is difficult to replicate | Dependence on the ability to timely access cost effective sources of funding | ||
| Strong underwriting capability and presence in select customer segment combined with robust risk management capabilities focused on effective underwriting and collections | Concentration of loans to ESI and MSMEs and risk of non-payment or default by the borrowers | ||
| Well diversified funding profile with an advantage of lower cost of funds | Periodic inspection by RBI and non-compliance with the observations of RBI | ||
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.
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.
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Registration No: CA0581 | Company CIN : U65999DL2016PLC314319.
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