IndoStar Capital Finance IPO GMP History
IndoStar Capital Finance IPO has been listed on May 21, 2018 at a listing price of ₹600, against the issue price of ₹572 — a gain of ₹28 (+4.9%). The GMP peaked at ₹57.5 on 2 May 2018 and reached a low of ₹17.5 on 13 May 2018. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
IndoStar Capital Finance IPO raised ₹1844 Cr. through its IPO at a price band of ₹570 to ₹572 per share, with a lot size of 26 shares. The IPO was open for subscription from 09 May 2018 to 11 May 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 |
|---|---|---|---|---|---|
| 15 May 2018 | ₹ 32.5 | ▲ | 6% | — | — |
| 14 May 2018 | ₹ 27.5 | ▲ | 5% | — | — |
| 13 May 2018 | ₹ 17.5 | — | 3% | — | — |
| 12 May 2018 | ₹ 17.5 | — | 3% | — | — |
| 11 May 2018 | ₹ 17.5 | ▼ | 3% | — | — |
| 10 May 2018 | ₹ 22.5 | — | 4% | — | — |
| 09 May 2018 | ₹ 22.5 | — | 4% | — | — |
| 08 May 2018 | ₹ 22.5 | — | 4% | — | — |
| 07 May 2018 | ₹ 22.5 | ▼ | 4% | — | — |
| 06 May 2018 | ₹ 32.5 | — | 6% | — | — |
| 05 May 2018 | ₹ 32.5 | — | 6% | — | — |
| 04 May 2018 | ₹ 32.5 | — | 6% | — | — |
| 03 May 2018 | ₹ 32.5 | ▼ | 6% | — | — |
| 02 May 2018 | ₹ 57.5 | — | 10% | — | — |
IndoStar Capital Finance IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 09 May 2018
- Close 11 May 2018
- Allotment 16 May 2018
- Refund/credit 17 May 2018
- Listing 21 May 2018
IndoStar Capital Finance IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹572 |
|---|---|
| GMP-based estimate (pre-listing) | ₹604 (+5.6%) |
| Listing gain / loss | +₹28 per share |
| Listing date | 21 May, 2018 |
| Actual listing price | ₹600 (+4.9%) |
Is IndoStar Capital Finance IPO GMP reliable?
Grey market premium for IndoStar Capital 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 IndoStar Capital Finance IPO full review for a fundamentals-based assessment before making any grey market trades.
IndoStar Capital Finance IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for IndoStar Capital 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 IndoStar Capital Finance IPO
IndoStar Capital Finance Limited is a Mumbai based NBFC registered with the RBI as a systemically important non deposit taking company. Its promoter is Indostar Capital.
It runs four main lines of business: corporate lending, SME lending, vehicle financing and housing financing.
It had recently expanded its portfolio into retail lending.
The IPO was Rs 1,844 crore, with Rs 700.00 crore of fresh issue and Rs 1,144.00 crore of offer for sale, at Rs 572, the top of the Rs 570 to Rs 572 band. The fresh money was to augment its capital base.
Frequently asked
What is the GMP of IndoStar Capital Finance IPO?
The current Grey Market Premium (GMP) of IndoStar Capital Finance IPO is ₹ 32.5.
What is the Kostak Price of IndoStar Capital Finance IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for IndoStar Capital Finance IPO is not available.
What is the Subject to Sauda Price of IndoStar Capital 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 IndoStar Capital Finance IPO?
IndoStar Capital Finance IPO listed on May 21, 2018 at ₹600, against the issue price of ₹572 — a gain of +4.9%.
How did the GMP of IndoStar Capital Finance IPO trend before listing?
The GMP of IndoStar Capital Finance IPO was rising in its final days before listing. The GMP peaked at ₹57.5 on 2 May 2018. View the day-wise table above for the complete GMP history.
Explore IndoStar Capital 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.
