Fedbank Financial Services Limited IPO
Fedbank Financial Services Limited was a mainboard IPO in the Non Banking Financial Company (NBFC) sector, offered at ₹133–₹140 per share to raise ₹1,092 crore. The issue was subscribed 2.2× overall (QIBs 3.51×, NIIs 1.45×, retail 1.82×). It listed on 30 Nov 2023 at ₹138 and closed its first day at ₹140, a listing gain of +0.2% versus the ₹140 issue price. It now trades around ₹144 (+2.6% versus the issue price).
Frequently asked questions
- How many times was the Fedbank Financial Services Limited IPO subscribed?
- The Fedbank Financial Services Limited IPO was subscribed 2.2× overall — 3.51× in the QIB category, 1.45× among non-institutional investors, 1.82× in retail.
- What were the Fedbank Financial Services Limited IPO listing gains?
- Fedbank Financial Services Limited listed on 30 Nov 2023 at ₹138, closing its first day at ₹140 — a listing gain of +0.2% versus the ₹140 issue price.
- What were the retail allotment odds for the Fedbank Financial Services Limited IPO?
- Retail was subscribed 1.82×, so a single-lot application had roughly a 54.9% chance of allotment (about 1 in 2), and allotment was finalised on 24 Nov 2023.
- What was the price band and lot size of the Fedbank Financial Services Limited IPO?
- The price band was ₹133–₹140 per share, with a minimum lot of 107 shares (₹14,980 at the upper band).
- Who were the registrar and lead manager for the Fedbank Financial Services Limited IPO?
- Link Intime India Private Limited was the registrar, and ICICI Securities was the book-running lead manager.