Mahindra & Mahindra Financial Services IPO GMP History
Mahindra & Mahindra Financial Services IPO has been listed on March 17, 2006 at a listing price of ₹225, against the issue price of ₹200 — a gain of ₹25 (+12.5%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Mahindra & Mahindra Financial Services IPO raised ₹400 Cr. through its IPO at a price band of ₹170 to ₹200 per share, with a lot size of 35 shares. The IPO was open for subscription from 21 Feb 2006 to 24 Feb 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. | |||||
Mahindra & Mahindra Financial Services IPO dates
Key dates from opening to listing. Today is 13 November.
- Open 21 Feb 2006
- Close 24 Feb 2006
- Allotment 08 Mar 2006
- Refund/credit TBA
- Listing 17 Mar 2006
Mahindra & Mahindra Financial Services IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹200 |
|---|---|
| Listing gain / loss | +₹25 per share |
| Listing date | 17 Mar, 2006 |
| Actual listing price | ₹225 (+12.5%) |
Is Mahindra & Mahindra Financial Services IPO GMP reliable?
Grey market premium for Mahindra & Mahindra 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 Mahindra & Mahindra Financial Services IPO full review for a fundamentals-based assessment before making any grey market trades.
Mahindra & Mahindra Financial Services IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Mahindra & Mahindra 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 Mahindra & Mahindra Financial Services IPO
Mahindra and Mahindra Financial Services Limited is a non-banking finance company in the Mahindra group. Its promoter is Mahindra and Mahindra, through Mahindra Holdings and Finance.
It finances utility vehicles, tractors and cars, mainly for rural and semi-urban customers, with field executives visiting customers to collect instalments.
At 31 December 2005 it had 295 branches, of which 155 were linked to servers at its Mumbai head office.
The IPO was Rs 400 crore, with Rs 200.00 crore of fresh issue and Rs 200.00 crore of offer for sale, at Rs 200, the top of the Rs 170 to Rs 200 band.
Frequently asked
What is the GMP of Mahindra & Mahindra Financial Services IPO?
The current Grey Market Premium (GMP) of Mahindra & Mahindra Financial Services IPO is not yet started or active in the market.
What is the Kostak Price of Mahindra & Mahindra Financial Services IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Mahindra & Mahindra Financial Services IPO is not available.
What is the Subject to Sauda Price of Mahindra & Mahindra 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 Mahindra & Mahindra Financial Services IPO?
Mahindra & Mahindra Financial Services IPO listed on March 17, 2006 at ₹225, against the issue price of ₹200 — a gain of +12.5%.
How did the GMP of Mahindra & Mahindra Financial Services IPO trend before listing?
The GMP of Mahindra & Mahindra Financial Services IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Mahindra & Mahindra 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.
