Fedbank Financial is one among five private bank-promoted NBFCs in India, focusing on catering to the MSMEs and the emerging self-employed individuals sector. It is the fastest growing gold loan NBFC in India among its peers and has the second lowest cost of borrowing among the MSMEs, gold loan peer set in India in FY23.
Fedbank Financial shall announce its share allotment status on Wednesday, November 29.The shares of Fedbank Financial were subscribed 2.20 times.The shares
The company s shares are expected to get listed on the exchanges on November 30. According to market sources, Fedbank Financial is commanding a premium of Rs 0 in the unlisted market. Considering the upper price band of Rs 140, the stock is expected to make a flattish.
Fedbank Financial is one among five private bank-promoted NBFCs in India. It focuses on catering to the MSMEs and the emerging self-employed individuals sector.
Fedbank Financial Services has offices in 191 districts in 16 states and union territories in India through 575 branches with a strong presence in Southern and Western India.