Fedbank Financial Services Limited
22 Nov 2023 – 24 Nov 2023
LISTED
Offer Price
₹133–140
Bid lot
107
Min Application
₹14,980
Issue Size
₹1,092 Cr
Key dates
Open date
22 Nov 2023
Done
Close date
24 Nov 2023
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
30 Nov 2023
Today
Issue reservation
₹1,092 CrQIB 50%Retail 35%5%
QIB
3.90 Cr sh · ₹546.00 Cr
Retail
2.73 Cr sh · ₹382.20 Cr
Employee
39.0 L sh · ₹54.60 Cr
BRLM: ICICI Securities Limited · BNP Paribas · Equirus Capital Private Limited · JM Financial Limited
Lot ladder — how much to bid
1 lot = 107 sharesRetail · Up to ₹2 L1–13 lots
Min · 1 lot
107 sh · ₹14,980
Max · 13 lots
1,391 sh · ₹1,94,740
S-HNI · ₹2 L to ₹10 L14–66 lots
Min · 14 lots
1,498 sh · ₹2,09,720
Max · 66 lots
7,062 sh · ₹9,88,680
B-HNI · Above ₹10 L67+ lots
Min · 67 lots
7,169 sh · ₹10,03,660
Entry point
₹10,03,660 onward
Issue details
Lead managersICICI Securities Limited, BNP Paribas, Equirus Capital Private Limited, JM Financial Limited
Face value₹10
Listing onNSE
RegistrarLink Intime India Private Limited
Live subscription
2.73×
0×1×2×3×+
Oversubscribed
Book₹982.80 Cr
Subscribed₹2,685 Cr
Applications—
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 3,90,00,000₹546.00 Cr | 13,68,90,000₹1,916 Cr | 3.51× |
| HNI | 1,17,00,000₹163.80 Cr | 1,69,65,000₹237.51 Cr | 1.45× |
| Retail | 2,73,00,000₹382.20 Cr | 4,96,86,000₹695.60 Cr | 1.82× |
| Employee | 39,00,000₹54.60 Cr | 52,26,000₹73.16 Cr | 1.34× |
| Total | 7,02,00,000₹982.80 Cr | 19,18,02,000₹2,685 Cr | 2.73× |
*QIB Book Size is Gross — the anchor allocation is not on this record yet.
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 1,916.46 |
| HNI | 237.51 |
| Retail | 695.60 |
| Employee | 73.16 |
| Total | 2,685.23 |
Amounts at the upper band (₹140). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Grey-market sentiment
No grey-market data yet.
Documents
RHPOpen ↗
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Fedbank Financial Services Limited IPO?
One lot of 107 shares — ₹14,980 at the upper price band of ₹140.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2023-11-30 on NSE.