Fedbank Financial Services Limited is launching its IPO from November 22nd to November 24th, 2023. The company focused on retail financial services and backed by The Federal Bank Limited, is offering 42,912,087 new shares worth ₹600.77 crore and an Offer for Sale (OFS) of 35,161,723 equity shares totaling around ₹1,092.26 crore. Share allotment is scheduled for November 30th, with listings on stock exchanges by December 5th. Investors can buy shares within the ₹133 to ₹140 per share range, with a lot size of 107 shares.
What is the Fedbank financial services IPO price?
The price range for the Fedbank Financial Services IPO is set between ₹133 to ₹140 per share, with a face value of ₹10 per equity share. For investors, the lot size available is 107 equity shares, with multiples in increments of 107 equity shares thereafter. Read for more details.
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What is the Fedbank financial services IPO date?
The IPO for Fedbank Financial Services commenced on November 22nd with a share price band of Rs 133–Rs 140 per share and a lot size of 107 equity shares.
Fedbank financial services IPO is good or bad?
According to the CRISIL Report until March 31, 2023, this NBFC ranks third among its peers in India in terms of asset under management (AUM) growth. It showed a three-year compound annual growth rate (CAGR) of 33% between Fiscals 2020 and 2023, with a notable year-over-year AUM growth of 42% for the three months ending June 30, 2023. Know more details.
Where is the headquarters of Fedbank Financial Services?
Fedbank Financial Services Ltd. is headquartered at Kanakia Wall Street, A Wing, 5th Floor, Unit no. 511, Andheri Kurla Road, Andheri (East), Mumbai-400 093, Maharashtra, India.
Is Fedbank Financial Services Ltd a bank?
No, Fedbank Financial Services is a retail-focused non-banking finance company promoted by the Federal Bank.
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Is it good to buy a new IPO?
Usually, an IPO’s price can be the most affordable if you’re investing in a smaller company with potential for significant growth. Such companies might offer shares at a discounted rate initially. Missing the IPO window might make investing in such promising companies more challenging as the stock price may rise sharply.
What is the GREY market for stocks?
The grey market is an unofficial market for financial securities. It operates when a suspended stock is traded off the formal market or when new securities are traded before formal trading begins.
What is the GREY market premium in IPO?
Grey Market Premium (GPM) is the extra amount at which IPO shares are traded before they officially get listed in the stock exchange. In simpler terms, these are shares bought and sold outside the stock market.
How accurate is the GMP IPO?
The Grey Market Premium (GMP) isn’t entirely accurate as it’s based on share demand, supply, investor sentiment, and market conditions. A higher GMP suggests higher demand for shares, indicating a potentially successful IPO when listed.
What are the 5 rules of GMP?
The key principles for Good Manufacturing Practice (GMP) in pharmaceutical drug production are:
Establish the right facility design from the outset.
Validate processes for reliability.
Develop and adhere to robust procedures.
Clearly define roles and responsibilities.
Maintain meticulous records.
Disclaimer: Please note that while this Fedbank Financial Services IPO information is based on online research, we cannot provide any guarantees regarding its accuracy or completeness. Use this data for informational purposes, and always consider seeking professional advice before making financial or investment decisions.