About Company’s Business:
The retail-focused non-banking financial company promoted by The Federal Bank Limited is dedicated to serving the micro, small, and medium enterprises, as well as emerging self-employed individuals sectors. The company offers a carefully designed range of products tailored to meet the specific needs of its customers. These products include mortgage loans such as housing loans, small ticket loans against property, medium ticket loans against property, unsecured business loans, and gold loans. As of June 30, 2023, the assets under management for mortgage loans, gold loans, and unsecured business loans were â‚ą47,024.46 million, â‚ą31,241.72 million, and â‚ą14,872.49 million, respectively.
About the Industry:
In Fiscal 2023, the retail loans industry in India is characterized by housing finance and gold loans, constituting 46% and 12% of the market, respectively. As of March 2023, CRISIL MI&A projects the total value of outstanding loans provided by organized financiers, including banks and non-banking financial companies, to be â‚ą6.1 trillion. Non-banking financial companies hold a significant share, accounting for one-quarter of the overall market.
Key Financial Information (â‚ą in million):
| Particulars | As at and for the three-months period ended June 30, 2023 | As at and for the three-months period ended June 30, 2022 | As at and for the Financial Year ended March 31, 2023 | As at and for the Financial Year ended March 31, 2022 | As at and for the Financial Year ended March 31, 2021 |
|---|---|---|---|---|---|
| Equity Share capital | 3,219.12 | 3,215.48 | 3,219.12 | 3,215.18 | 2,899.23 |
| Net worth(1) | 14,149.03 | 12,025.27 | 13,556.82 | 11,535.18 | 8,347.34 |
| Revenue from operations | 3,613.92 | 2,475.07 | 11,788.00 | 8,693.15 | 6,918.25 |
| Profit for the year | 538.83 | 437.57 | 1,801.33 | 1,034.59 | 616.84 |
| Earnings per equity share | Basic: 1.67* | Basic: 1.36* | Basic: 5.60 | Basic: 3.32 | Basic: 2.19 |
| Diluted: 1.67* | Diluted: 1.36* | Diluted: 5.59 | Diluted: 3.31 | Diluted: 2.18 | |
| Net asset value per Equity Share(2) | 43.95 | 37.40 | 42.11 | 35.88 | 28.79 |
| Total Borrowings(3) | 76,195.16 | 54,974.36 | 71,358.23 | 50,168.35 | 43,280.92 |
- Not annualised
Objective of the Issue:
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For augmentation of our Company’s Tier – I capital base
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Net Proceeds
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General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Wednesday, November 22, 2023 |
| Close Date | Friday, November 24, 2023 |
| Issue Size | â‚ą1,092.26 Crores |
| Price | â‚ą133 to â‚ą140 per share |
| Lot Size | 107 Shares |
| Basis of Allotment | Thursday, November 30, 2023 |
| Initiation of Refunds | Friday, December 1, 2023 |
| Credit of Shares to Demat | Monday, December 4, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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