Five-Star Business Finance IPO GMP History
Five-Star Business Finance IPO has been listed on November 21, 2022 at a listing price of ₹468.8, against the issue price of ₹474 — a loss of ₹5.2 (-1.1%). The GMP peaked at ₹1.77 on 11 November 2022 and reached a low of ₹0.03 on 9 November 2022. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Five-Star Business Finance IPO raised ₹1588.51 Cr. through its IPO at a price band of ₹450 to ₹474 per share, with a lot size of 31 shares. The IPO was open for subscription from 09 Nov 2022 to 11 Nov 2022.
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, 11:41 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 11 Nov 2022 | ₹ 1.77 | ▲ | -- | — | — |
| 10 Nov 2022 | ₹ 1.01 | ▲ | -- | — | — |
| 09 Nov 2022 | ₹ 0.03 | — | -- | — | — |
Five-Star Business Finance IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 09 Nov 2022
- Close 11 Nov 2022
- Allotment 16 Nov 2022
- Refund/credit 17 Nov 2022
- Listing 21 Nov 2022
Five-Star Business Finance IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹474 |
|---|---|
| GMP-based estimate (pre-listing) | ₹475 (+0.2%) |
| Listing gain / loss | −₹5.2 per share |
| Listing date | 21 Nov, 2022 |
| Actual listing price | ₹468.8 (-1.1%) |
Is Five-Star Business Finance IPO GMP reliable?
Grey market premium for Five-Star Business Finance 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 Five-Star Business Finance IPO full review for a fundamentals-based assessment before making any grey market trades.
Five-Star Business Finance IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Five-Star Business Finance 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 Five-Star Business Finance IPO
Five-Star Business Finance Limited was incorporated as Five-Star Business Credits Private Limited at Chennai on 7 May 1984. It is an NBFC-ND-SI that gives secured business loans to micro-entrepreneurs and self-employed people who are largely left out by traditional lenders.
All of its loans are secured by the borrower's property, mostly self-occupied residential property. Over 95% of its portfolio is in loans of Rs 0.1 million to Rs 1.0 million.
On 30 June 2022 it had 311 branches across eight states and one union territory, with Tamil Nadu, Andhra Pradesh, Telangana and Karnataka as the key states. It had an active loan base of 230,175 on that date. As per CRISIL, its Stage 3 loans were 1.05% of gross term loans on 31 March 2022.
The IPO was Rs 1,588.51 crore and was entirely an offer for sale by investors, including two promoter investors, so the company received none of the money.
Frequently asked
What is the GMP of Five-Star Business Finance IPO?
The current Grey Market Premium (GMP) of Five-Star Business Finance IPO is ₹ 1.77.
What is the Kostak Price of Five-Star Business Finance IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Five-Star Business Finance IPO is not available.
What is the Subject to Sauda Price of Five-Star Business Finance 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 Five-Star Business Finance IPO?
Five-Star Business Finance IPO listed on November 21, 2022 at ₹468.8, against the issue price of ₹474 — a loss of -1.1%.
How did the GMP of Five-Star Business Finance IPO trend before listing?
The GMP of Five-Star Business Finance IPO was rising in its final days before listing. The GMP peaked at ₹1.77 on 11 November 2022. View the day-wise table above for the complete GMP history.
Explore Five-Star Business Finance 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.
