Fedbank Financial Services IPO GMP History
Fedbank Financial Services IPO has been listed on November 30, 2023 at a listing price of ₹138, against the issue price of ₹140 — a loss of ₹2 (-1.43%). The GMP peaked at ₹10 on 20 November 2023 and reached a low of ₹5 on 24 November 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Fedbank Financial Services IPO raised ₹1092.26 Cr. through its IPO at a price band of ₹133 to ₹140 per share, with a lot size of 107 shares. The IPO was open for subscription from 22 Nov 2023 to 24 Nov 2023.
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 10 Nov, 6:18 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 24 Nov 2023 | ₹ 5 | ▼ | 4% | — | — |
| 23 Nov 2023 | ₹ 8 | — | 6% | — | — |
| 22 Nov 2023 | ₹ 8 | — | 6% | — | — |
| 21 Nov 2023 | ₹ 8 | ▼ | 6% | — | — |
| 20 Nov 2023 | ₹ 10 | — | 7% | — | — |
| 18 Nov 2023 | ₹ 10 | — | 7% | — | — |
Fedbank Financial Services IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 22 Nov 2023
- Close 24 Nov 2023
- Allotment 28 Nov 2023
- Refund/credit 28 Nov 2023
- Listing 30 Nov 2023
Fedbank Financial Services IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹140 |
|---|---|
| GMP-based estimate (pre-listing) | ₹145 (+3.6%) |
| Listing gain / loss | −₹2 per share |
| Listing date | 30 Nov, 2023 |
| Actual listing price | ₹138 (-1.43%) |
Is Fedbank Financial Services IPO GMP reliable?
Grey market premium for Fedbank Financial Services 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 Fedbank Financial Services IPO full review for a fundamentals-based assessment before making any grey market trades.
Fedbank Financial Services IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Fedbank Financial Services 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 Fedbank Financial Services IPO
Fedbank Financial Services Limited was incorporated at Kochi, Kerala on 17 April 1995. It is a retail focused NBFC promoted by The Federal Bank Limited, serving MSMEs and emerging self-employed individuals.
Its products include mortgage loans such as housing loans and small and medium ticket loans against property, unsecured business loans and gold loans. On 30 June 2023 its mortgage, gold and unsecured business loans had AUM of Rs 47,024.46 million, Rs 31,241.72 million and Rs 14,872.49 million.
It uses a phygital doorstep model that mixes digital and physical channels. On 30 June 2023 it operated through 584 branches.
The IPO was Rs 1,092.26 crore, with Rs 600.15 crore of fresh issue and Rs 492.11 crore of offer for sale by Federal Bank and True North Fund VI. The fresh money was meant to augment Tier-I capital.
Frequently asked
What is the GMP of Fedbank Financial Services IPO?
The current Grey Market Premium (GMP) of Fedbank Financial Services IPO is ₹ 5.
What is the Kostak Price of Fedbank Financial Services IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Fedbank Financial Services IPO is not available.
What is the Subject to Sauda Price of Fedbank Financial Services 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 Fedbank Financial Services IPO?
Fedbank Financial Services IPO listed on November 30, 2023 at ₹138, against the issue price of ₹140 — a loss of -1.43%.
How did the GMP of Fedbank Financial Services IPO trend before listing?
The GMP of Fedbank Financial Services IPO was falling in its final days before listing. The GMP peaked at ₹10 on 20 November 2023. View the day-wise table above for the complete GMP history.
Explore Fedbank Financial Services 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.
