Fedbank Financial Services Share Price

Fedbank Financial Services Limited (FFS) was incorporated on 17th April, 1995 and a subsidiary of The Federal Bank Limited. The Company was registered as a Non banking Financial Company(NBFC) on 24th August 2010. At present, the Company is a diversified NBFC offering multiple credit facilities cover a gamut of SMEfocused mortgage loans, loans against pledge of gold ornaments and structured finance. It distributes loan products of The Federal Bank Ltd.During FY 2017, the Company began doing business in new markets such as Surat, Bangalore and Chennai for its SME focused mortgage loans to quickly establish a good foothold. The gold loan business showed a good turnaround with most branches turning profitable at the operating level and contributing to healthy NIM. On the liabilities side, it diversified credit lines from multiple reputed lenders. In 2018, the Company raised fully hedged Foreign Currency Debt to reduce the cost of borrowing. It opened 15 new branches It broad based the capital structure, through True North fund VI LLP, a leading Private Equity firm, which infused equity of Rs 169 Crore in November, 2018.In 2019, the Company further opened 25 branches, which increased the network to 137 branches across 4 States viz., Andhra Pradesh, Telangana, Tamil Nadu and Karnataka. Similarly, for Mortgages, it opened 8 more markets, in locations like Vapi, Daman, Silvasa, Valsad, Hyderabad Guntur taking out count of sourcing locations to more than 30.With the opening of 144 branches in FY 20, the network increased to 300 branches. The Company opened 60 branches in FY 202021, resulting the network increased to 360 branches. With the opening of 156 branches in FY 202122, the network increased to 516 branches as on March 31, 2022. The Company increased the footprint by opening of 59 branches in FY 2223, and resulting to this, the branch network counted to 575 branches as on March 31, 2023.The Company opened 46 branches during the year 2024, increasing the network count to 621 branches. The Company launched an IPO by raising funds aggregating to Rs 1092.26 Crore and by issuing 78,073,810 equity shares of Rs 10 each comprising a fresh issue of 42,912,087 equity shares aggregating to Rs 600 Cr and offer for sale of 35,161,723 equity shares aggregating to Rs 492 Cr in November 2023.With the opening of 75 branches, the branch network scaled to 694 branches in FY2025.In 2026, Gold loan AUM crossed Rs 10000 crore. The Company opened 148 branches, reaching a network to 757 locations. The Company entered with an unsecured business loan AUM of Rs 1,656 Crores and Assets Under Finance (AUF) of Rs1,216 Crores in FY2526.