Firstsource Solutions IPO GMP History
Firstsource Solutions IPO has been listed on February 22, 2007 at a listing price of ₹90.1, against the issue price of ₹64 — a gain of ₹26.1 (+40.78%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Firstsource Solutions IPO raised ₹443.52 Cr. through its IPO at a price band of ₹54 to ₹64 per share, with a lot size of 100 shares. The IPO was open for subscription from 29 Jan 2007 to 02 Feb 2007.
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, 8:15 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. | |||||
Firstsource Solutions IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 29 Jan 2007
- Close 02 Feb 2007
- Allotment 15 Feb 2007
- Refund/credit TBA
- Listing 22 Feb 2007
Firstsource Solutions IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹64 |
|---|---|
| Listing gain / loss | +₹26.1 per share |
| Listing date | 22 Feb, 2007 |
| Actual listing price | ₹90.1 (+40.78%) |
Is Firstsource Solutions IPO GMP reliable?
Grey market premium for Firstsource Solutions 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 Firstsource Solutions IPO full review for a fundamentals-based assessment before making any grey market trades.
Firstsource Solutions IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Firstsource Solutions 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 Firstsource Solutions IPO
Firstsource Solutions Limited was incorporated on 6 December 2001 as ICICI Infotech Upstream Limited and was formerly ICICI OneSource. Its promoters are ICICI Bank and ICICI Strategic Investment Fund.
It provides offshore BPO services, mainly to clients in banking, financial services and insurance, telecommunications and media, and healthcare. NASSCOM ranked it the fifth largest BPO provider in India by revenue for fiscal 2006, and it was the third largest pure-play BPO provider.
It worked from export units in Bangalore, Mumbai, Chennai, Pondicherry, Trichy, Kolkata and New Delhi, with over 9,100 seats. It grew from 4,009 employees and 21 clients on 31 March 2004 to 10,717 employees and 74 clients on 31 December 2006.
The IPO was Rs 443.52 crore, with Rs 384.00 crore of fresh issue and Rs 59.52 crore of offer for sale, at Rs 64, the top of the Rs 54 to Rs 64 band.
Frequently asked
What is the GMP of Firstsource Solutions IPO?
The current Grey Market Premium (GMP) of Firstsource Solutions IPO is not yet started or active in the market.
What is the Kostak Price of Firstsource Solutions IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Firstsource Solutions IPO is not available.
What is the Subject to Sauda Price of Firstsource Solutions 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 Firstsource Solutions IPO?
Firstsource Solutions IPO listed on February 22, 2007 at ₹90.1, against the issue price of ₹64 — a gain of +40.78%.
How did the GMP of Firstsource Solutions IPO trend before listing?
The GMP of Firstsource Solutions IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Firstsource Solutions 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.
