Key Points
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.iStock..
The Rs 1092 crore initial public offering (IPO) of Fedbank Financial Services was fully subscribed on the third and the last day of the bidding process on Friday..
The retail portion of the issue was subscribed 1.42 times, and the non-institutional category's subscription rate stood at 0.66 times..
"Going forward, potential interventions by RBI in the non-banking financial sector may impact FFSL's business, leading to adverse effects on its financial ratios, and thus we assign a Subscribe with Caution rating for the issue," Choice Broking said.. (You can now subscribe to our ETMarkets WhatsApp channel)..
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