What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Fedbank Financial Services Limited IPO allotment date?

The basis of allotment for Fedbank Financial Services Limited IPO is scheduled to be finalized on 29 Nov 2023.

Where can I check Fedbank Financial Services Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Ltd) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 30 Nov 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Fedbank Financial Services Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

Fedbank Financial Services Limited is a retail-focused NBFC offering Gold Loans, Home Loans, Loans Against Property (LAP), and Business Loans, mainly serving MSMEs and emerging self-employed individuals. It has one of the lowest borrowing costs among peers in FY23, helping it offer competitive lending products. The company provides housing loans, small and medium ticket LAP, unsecured business loans, and gold loans, and uses a “Phygital” model that blends digital technology with doorstep physical service. As of March 31, 2023, Fedbank Financial Services operated 575 branches across 191 districts in 16 states and union territories, with a strong presence in the Southern and Western regions of India.

Price Band

₹133 – ₹140

Issue Size

₹1092 Cr

Lot Size

107 shares

GMP

—

Est. Listing

₹140

at current GMP

Subscribed

2.20x

overall

Open

22 Nov 2023

24 Nov 2023

Allotment

29 Nov 2023

Refund

30 Nov 2023

Demat Credit

1 Dec 2023

Listing

30 Nov 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Fedbank Financial Services Limited Allotment Status

Designated Registrar: Link Intime India Private Ltd

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

29 Nov 2023

Basis finalization

Refunds Initiate

30 Nov 2023

Mandate release

Demat Credit

1 Dec 2023

Shares in demat

Listing Debut

30 Nov 2023

Trading begins

About Fedbank Financial Services Limited Public Issue & Market Profile

Fedbank Financial Services Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹1,092.26 Crores. The shares are offered at a price band of ₹133 to ₹140 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 107 shares (approx. ₹14,980 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Link Intime India Private Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-01, while un-allotted funds or UPI block mandates will be released on 2023-11-30.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.

Fedbank Financial Services Limited

Fedbank Financial Services Limited Allotment Status

How to Check Fedbank Financial Services Limited IPO Allotment Status

About Fedbank Financial Services Limited Public Issue & Market Profile

Frequently Asked Questions

What if my name is not showing on the registrar portal?

How will I receive the refund if I don't get allotment?