Gold Loan NBFC / Retail Finance - Listed on 30 November 2023
Fedbank Financial Services (FedFina) (Gold Loan NBFC / Retail Finance) closed its IPO window in 2023 and listed on NSE and BSE on 30 November 2023 at an upper band issue price of Rs 140, opening at Rs 138 for a listing gain of -1.4% and closing day one at Rs 140.25 (+0.2% on closing basis). The IPO was subscribed 2.20x overall - QIB 3.51x, HNI/NII 1.45x, Retail 1.82x. The total issue size was Rs 1,092.26 Cr (Fresh Issue Rs 600.77 Cr, OFS Rs 492.26 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Gold Loan NBFC / Retail Finance
Fedbank Financial Services (FedFina) operates in the Gold Loan NBFC / Retail Finance space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Fedbank Financial Services (FedFina) issue was offered at an upper price of Rs 140 and raised approximately Rs 1,092.26 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 10 | +7.14% |
| Day 2 | Rs 8 | +5.71% |
| Day 3 | Rs 8 | +5.71% |
| Day 4 | Rs 8 | +5.71% |
| Day 5 | Rs 5 | +3.57% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Fedbank Financial Services (FedFina) IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Fedbank Financial Services (FedFina) IPO listed at -1.4% versus the upper issue price of Rs 140 on 30 November 2023.
Fedbank Financial Services (FedFina) IPO was subscribed 2.20x overall. QIB portion was subscribed 3.51x, HNI / NII 1.45x and Retail 1.82x.
IPO GMP started at Rs 10 on Day 1 and moved to Rs 5 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.