Fedbank Financial Services records muted show on listing day, closes tad above issue price of Rs 140

Fedbank Financial Services sees muted debut

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26 Aug, 2025 12:21

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Non-banking financial institution Fedbank Financial Services recorded the weakest performance among IPOs listed in the mainboard segment in the current week, managing to close a tad above the issue price of Rs 140 per share.

The stock opened at Rs 138 on the NSE, down 1.4 percent compared to the issue price. It touched an intraday low of Rs 133 and managed to show recovery after an initial hour of trade.

The stock turned into a positive trend in late morning deals and hit a day's high of Rs 148.25 in the afternoon. It lost those gains in late trade and finally settled with just 0.18 percent gains at Rs 140.25 on the NSE, with a volume of 3.37 crore shares, while on the BSE, it closed flat with a volume of 17.65 lakh shares.

Fedbank Financial listing was on expected lines given the muted subscription demand for its IPO and weak asset quality performance, experts said.

Also read: Record Debut: Tata Technologies sees third best listing day gains among IPOs launched so far

The Mumbai-based NBFI mopped up Rs 1,092.26 crore via initial public offering at the upper end of the price band of Rs 133-140 per share. The offer was subscribed 2.2 times during November 22-24.

The IPO consisted of a fresh issue of Rs 600.77 crore by the company and an offer-for-sale of shares worth Rs 492.26 crore by existing shareholders including promoter Federal Bank.

Meanwhile, Tata Technologies, Gandhar Oil Refinery and Indian Renewable Energy Development Agency had a blockbuster performance on debut, amongst companies listed in the current week, rising 162.60 percent, 78.34 percent and 87.5 percent, respectively.

Also read: Gandhar Oil Refinery India beats analyst expectations, clocks 78% rally to close above Rs 300-mark