Fedbank Financial Services IPO: GMP, issue details, subscription status, 10 key things Should you apply or not?
Federal Bank Limited is the promoter of Fedbank Financial Services, a non-banking finance company (NBFC) with retail in focus. According to the CRISIL Report, in the fiscal year 2023 and the three months ending on June 30, 2023, Fedbank Financial Services had the second and third lowest cost of borrowing among the micro, small, and medium-sized enterprises (MSMEs) gold loan and MSME & gold loan peer set in India.
Based on the CRISIL Report, as of March 31, 2023, the NBFC ranked third among NBFCs in the Indian peer set for assets under management (AUM) growth, with a three-year compound annual growth rate (CAGR) of 33% between Fiscals 2020 and 2023, and the fourth fastest year-over-year AUM growth of 42% for the three months ending June 30, 2023. Also read- Why you should invest in IREDA and Flair Writing along with Tata Tech IPO? The NBFC's listed industry peers are Aptus Value Housing (with P/E of 28.58), IIFL Finance(with P/E of 15.53), Five Star Business Finance (with P/E of 37.54), Manappuram Finance Limited (with P/E of 8.06), Muthoot Finance Limited (with P/E of 15.39), SBFC Finance Limited (with P/E of 48.33), according to Red Herring Prospectus (RHP).
Fedbank Financial Services Limited's profit after tax (PAT) increased by 74.11% and its revenue increased by 37.46%, between financial year ending with March 31, 2022, and March 31, 2023. The issue had been subscribed 0.54 times by 12.15PM on 23 November as per the BSE.
The Retail investors had bid 0.94 times to the Number of shares offered or reserved. Fedbank is a retail-focused non-banking finance company (NBFC), with the second lowest cost of borrowing among the micro, small, and medium enterprises (MSMEs), gold loan, and MSME & gold loan peer set in India in
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