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.

What is the estimated listing price for Fedbank Financial Services Limited IPO?

Based on the upper price band of ₹140 and current GMP of ₹0, the estimated listing price is ₹140 (approx. 0.0% gain).

What is the expected profit per lot for Fedbank Financial Services Limited IPO?

With a lot size of 107 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

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

Live Grey Market Premium

Fedbank Financial Services Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹140

Band: ₹133 – ₹140

Estimated Listing Price

₹140

Upper price + GMP

Lot Size

107 shares

Min investment ₹14,980

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹140
30 Oct 2026	—	0.0%	₹140
29 Oct 2026	—	0.0%	₹140

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Fedbank Financial Services Limited IPO GMP today?

The latest grey market premium for Fedbank Financial Services Limited IPO is ₹0, which indicates an expected listing price of ₹140.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.

Fedbank Financial Services Limited

Fedbank Financial Services Limited GMP Today

Fedbank Financial Services Limited GMP Historical Trend

GMP History

Estimated Listing Price

About Fedbank Financial Services Limited Public Issue & Market Profile

Frequently Asked Questions

What is Fedbank Financial Services Limited IPO GMP today?

What does Kostak Rate and Sauda mean in IPO GMP?

Is Grey Market Premium officially recognized?