Development Credit Bank IPO GMP History
Development Credit Bank IPO has been listed on October 27, 2006 at a listing price of ₹35, against the issue price of ₹26 — a gain of ₹9 (+34.62%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Development Credit Bank IPO raised ₹185.9 Cr. through its IPO at a price band of ₹22 to ₹26 per share, with a lot size of 250 shares. The IPO was open for subscription from 29 Sep 2006 to 06 Oct 2006.
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, 8:58 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Development Credit Bank IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 29 Sep 2006
- Close 06 Oct 2006
- Allotment 18 Oct 2006
- Refund/credit TBA
- Listing 27 Oct 2006
Development Credit Bank IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹26 |
|---|---|
| Listing gain / loss | +₹9 per share |
| Listing date | 27 Oct, 2006 |
| Actual listing price | ₹35 (+34.62%) |
Is Development Credit Bank IPO GMP reliable?
Grey market premium for Development Credit 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 Development Credit Bank IPO full review for a fundamentals-based assessment before making any grey market trades.
Development Credit Bank IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Development Credit 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 Development Credit Bank IPO
Development Credit Bank Limited is a banking company that came from the conversion of Development Co-operative Bank Limited into a company. Its promoter is the Aga Khan Fund for Economic Development (AKFED), and Platinum Jubilee Investments is a promoter group company.
It offers commercial banking products and services such as working capital finance, overdrafts and cash credit to corporate customers, along with retail banking.
As at 30 June 2006 it had 1277 employees. As a bank it had to keep a minimum capital adequacy ratio of 9% of its risk-weighted assets.
The IPO was Rs 185.90 crore and was entirely a fresh issue at Rs 26, the top of the Rs 22 to Rs 26 band. The money was to add to the bank's capital base for future capital adequacy needs.
Frequently asked
What is the GMP of Development Credit Bank IPO?
The current Grey Market Premium (GMP) of Development Credit Bank IPO is not yet started or active in the market.
What is the Kostak Price of Development Credit Bank IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Development Credit Bank IPO is not available.
What is the Subject to Sauda Price of Development Credit 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 Development Credit Bank IPO?
Development Credit Bank IPO listed on October 27, 2006 at ₹35, against the issue price of ₹26 — a gain of +34.62%.
How did the GMP of Development Credit Bank IPO trend before listing?
The GMP of Development Credit Bank IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Development Credit 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.
