Aavas Financiers IPO GMP History
Aavas Financiers IPO has been listed on October 8, 2018 at a listing price of ₹750, against the issue price of ₹821 — a loss of ₹71 (-8.65%). The GMP peaked at ₹155 on 20 September 2018 and reached a low of ₹7.5 on 27 September 2018. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Aavas Financiers IPO raised ₹1640.32 Cr. through its IPO at a price band of ₹818 to ₹821 per share, with a lot size of 18 shares. The IPO was open for subscription from 25 Sep 2018 to 27 Sep 2018.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:12 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 27 Sep 2018 | ₹ 7.5 | ▼ | 1% | — | — |
| 26 Sep 2018 | ₹ 12.5 | ▼ | 2% | — | — |
| 25 Sep 2018 | ₹ 52.5 | ▲ | 6% | — | — |
| 24 Sep 2018 | ₹ 47.5 | ▼ | 6% | — | — |
| 23 Sep 2018 | ₹ 115 | — | 14% | — | — |
| 22 Sep 2018 | ₹ 115 | — | 14% | — | — |
| 21 Sep 2018 | ₹ 115 | ▼ | 14% | — | — |
| 20 Sep 2018 | ₹ 155 | — | 19% | — | — |
| 19 Sep 2018 | ₹ 155 | ▲ | 19% | — | — |
| 18 Sep 2018 | ₹ 137.5 | — | 17% | — | — |
| 17 Sep 2018 | ₹ 137.5 | — | 17% | — | — |
Aavas Financiers IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 25 Sep 2018
- Close 27 Sep 2018
- Allotment 03 Oct 2018
- Refund/credit 04 Oct 2018
- Listing 08 Oct 2018
Aavas Financiers IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹821 |
|---|---|
| GMP-based estimate (pre-listing) | ₹828 (+0.9%) |
| Listing gain / loss | −₹71 per share |
| Listing date | 08 Oct, 2018 |
| Actual listing price | ₹750 (-8.65%) |
Is Aavas Financiers IPO GMP reliable?
Grey market premium for Aavas Financiers IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Aavas Financiers IPO full review for a fundamentals-based assessment before making any grey market trades.
Aavas Financiers IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Aavas Financiers IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Aavas Financiers IPO
Aavas Financiers Limited was incorporated in 2011 and is a Jaipur based housing finance company registered with the NHB. Its promoters are Lake District and ESCL.
It provides retail, affordable housing finance to low and middle income self employed customers in semi urban and rural areas of India.
According to an ICRA report, it had the lowest gross NPAs among peers as of 31 March 2018.
The IPO was Rs 1,640.32 crore, with Rs 360.00 crore of fresh issue and Rs 1,280.32 crore of offer for sale, at Rs 821, the top of the Rs 818 to Rs 821 band. The fresh money was to raise its Tier I capital.
Frequently asked
What is the GMP of Aavas Financiers IPO?
The current Grey Market Premium (GMP) of Aavas Financiers IPO is ₹ 7.5.
What is the Kostak Price of Aavas Financiers IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Aavas Financiers IPO is not available.
What is the Subject to Sauda Price of Aavas Financiers IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Aavas Financiers IPO?
Aavas Financiers IPO listed on October 8, 2018 at ₹750, against the issue price of ₹821 — a loss of -8.65%.
How did the GMP of Aavas Financiers IPO trend before listing?
The GMP of Aavas Financiers IPO was falling in its final days before listing. The GMP peaked at ₹155 on 20 September 2018. View the day-wise table above for the complete GMP history.
Explore Aavas Financiers IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
