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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Strengthening Tier I capital
Funds raised are to be used to augment the company's Tier I capital base, supporting future growth in its loan book and overall business.
Offer related expenses
A portion of the proceeds covers expenses associated with conducting the public offer.
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(₹ in Crore)
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Fedbank Financial Services Limited is a retail focused non-banking finance company promoted by The Federal Bank Limited, one of India's leading private sector banks. Incorporated in 1995, the company provides secured and unsecured lending products, primarily gold loans, loans against property, small ticket and medium ticket mortgage loans, unsecured business loans, and home loans, serving micro, small and medium enterprises and self-employed individuals across India. The company operates through an extensive branch network spanning 575 branches across 191 districts in 16 states, with a meaningful concentration of business in the southern and western regions of the country including Andhra Pradesh and Rajasthan. Over the three fiscal years preceding its public issue, the company's revenue grew from around Rs 697.6 crore in FY21 to about Rs 1,214.7 crore in FY23, while profit after tax rose from roughly Rs 61.7 crore to Rs 180.1 crore over the same period, reflecting a compounded growth rate of about 33 percent. As a bank-promoted NBFC, the company benefits from its parentage and reported one of the lowest costs of borrowing among its gold loan and MSME-focused NBFC peer set in FY23. Its lending book is weighted heavily towards secured products, with gold loans forming a significant and fast growing portion of total loan assets, positioning the company as a scaled, secured-lending focused NBFC within the broader retail finance space in India.
Ahead of the offer, the company raised about Rs 325 crore from 22 anchor investors, including domestic institutions such as HDFC Mutual Fund, Nippon Life India, SBI Life Insurance, HDFC Life Insurance, Kotak Mahindra Life Insurance and Bajaj Allianz Life Insurance, alongside international investors such as Goldman Sachs, Societe Generale, Marshall Wace and Citigroup Global Markets.
Source: RHP • Analysis provided for informational purposes
Last Updated: 17 July 2026, 5:30 AM
Backed by a leading private bank
The company is one of only a handful of NBFCs in India promoted by a private sector bank, giving it access to parentage support and brand trust that standalone NBFCs typically lack.
Leading and fast growing gold loan book
The company has built one of the fastest growing gold loan portfolios among NBFCs in India, with the large majority of its loan assets backed by gold collateral, keeping the book largely secured.
Strong three year growth trend
Revenue and profit both grew at a compounded rate of roughly a third annually between fiscal 2020 and fiscal 2023, pointing to consistent scaling of the lending business.
Wide, deep distribution network
The company reaches customers through 575 branches spread across 191 districts in 16 states, giving it broad physical distribution for originating and servicing loans.
Sensitivity to funding market disruptions
As an NBFC, the company depends on external funding sources that can dry up during periods of financial stress, such as the past NBFC funding crisis or pandemic-driven disruptions, which could constrain its ability to lend.
Concentration in gold loan products
A significant share of the loan book, around a third of assets under management, is concentrated in gold loans, so any adverse development specific to that product or to gold prices could disproportionately hurt the business.
Fedbank Financial Services Limited
Kanakia Wall Street, A Wing, 5th Floor, Unit No. 511, Andheri Kurla Road, Andheri (East), Mumbai 400093, Maharashtra, India
View on Maps →MUFG Intime India Private Limited
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