Bandhan Bank IPO GMP History
Bandhan Bank IPO has been listed on March 27, 2018 at a listing price of ₹499, against the issue price of ₹375 — a gain of ₹124 (+33.07%). The GMP peaked at ₹42.5 on 7 March 2018 and reached a low of ₹17.5 on 20 March 2018. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Bandhan Bank IPO raised ₹4473.02 Cr. through its IPO at a price band of ₹370 to ₹375 per share, with a lot size of 40 shares. The IPO was open for subscription from 15 Mar 2018 to 19 Mar 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, 3:11 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 26 Mar 2018 | ₹ 32.5 | — | 9% | — | — |
| 25 Mar 2018 | ₹ 32.5 | — | 9% | — | — |
| 24 Mar 2018 | ₹ 32.5 | — | 9% | — | — |
| 23 Mar 2018 | ₹ 32.5 | ▲ | 9% | — | — |
| 22 Mar 2018 | ₹ 22.5 | — | 6% | — | — |
| 21 Mar 2018 | ₹ 22.5 | ▲ | 6% | — | — |
| 20 Mar 2018 | ₹ 17.5 | — | 5% | — | — |
| 19 Mar 2018 | ₹ 17.5 | ▼ | 5% | — | — |
| 18 Mar 2018 | ₹ 27.5 | — | 7% | — | — |
| 17 Mar 2018 | ₹ 27.5 | — | 7% | — | — |
| 16 Mar 2018 | ₹ 27.5 | — | 7% | — | — |
| 15 Mar 2018 | ₹ 27.5 | — | 7% | — | — |
| 14 Mar 2018 | ₹ 27.5 | ▼ | 7% | — | — |
| 13 Mar 2018 | ₹ 32.5 | — | 9% | — | — |
| 12 Mar 2018 | ₹ 32.5 | ▲ | 9% | — | — |
| 11 Mar 2018 | ₹ 22.5 | — | 6% | — | — |
| 10 Mar 2018 | ₹ 22.5 | — | 6% | — | — |
| 09 Mar 2018 | ₹ 22.5 | — | 6% | — | — |
| 08 Mar 2018 | ₹ 22.5 | ▼ | 6% | — | — |
| 07 Mar 2018 | ₹ 42.5 | — | 11% | — | — |
| 06 Mar 2018 | ₹ 42.5 | — | 11% | — | — |
| 05 Mar 2018 | ₹ 42.5 | — | 11% | — | — |
| 04 Mar 2018 | ₹ 42.5 | — | 11% | — | — |
| 03 Mar 2018 | ₹ 42.5 | — | 11% | — | — |
Bandhan Bank IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 15 Mar 2018
- Close 19 Mar 2018
- Allotment 22 Mar 2018
- Refund/credit 23 Mar 2018
- Listing 27 Mar 2018
Bandhan Bank IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹375 |
|---|---|
| GMP-based estimate (pre-listing) | ₹407 (+8.5%) |
| Listing gain / loss | +₹124 per share |
| Listing date | 27 Mar, 2018 |
| Actual listing price | ₹499 (+33.07%) |
Is Bandhan Bank IPO GMP reliable?
Grey market premium for Bandhan Bank 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 Bandhan Bank IPO full review for a fundamentals-based assessment before making any grey market trades.
Bandhan Bank IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Bandhan Bank 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 Bandhan Bank IPO
Bandhan Bank Limited was incorporated in 2014 and is a Kolkata based commercial bank focused on micro banking and general banking. Its promoters are Bandhan Financial Holdings, Bandhan Financial Services, Financial Inclusion Trust and North East Financial Inclusion Trust.
It has a licence to provide banking services across India to all customer segments.
It offers asset and liability products for micro banking and general banking, as well as other banking services.
The IPO was Rs 4,473.02 crore, with Rs 3,662.40 crore of fresh issue and Rs 810.62 crore of offer for sale, at Rs 375, the top of the Rs 370 to Rs 375 band. The fresh money was to augment its Tier I capital.
Frequently asked
What is the GMP of Bandhan Bank IPO?
The current Grey Market Premium (GMP) of Bandhan Bank IPO is ₹ 32.5.
What is the Kostak Price of Bandhan Bank IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Bandhan Bank IPO is not available.
What is the Subject to Sauda Price of Bandhan Bank 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 Bandhan Bank IPO?
Bandhan Bank IPO listed on March 27, 2018 at ₹499, against the issue price of ₹375 — a gain of +33.07%.
How did the GMP of Bandhan Bank IPO trend before listing?
The GMP of Bandhan Bank IPO was stable in its final days before listing. The GMP peaked at ₹42.5 on 7 March 2018. View the day-wise table above for the complete GMP history.
Explore Bandhan Bank 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.
