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 Finbud Financial Services Limited IPO?

Based on the upper price band of ₹142 and current GMP of ₹8, the estimated listing price is ₹150 (approx. 5.6% gain).

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

With a lot size of 1000 shares and current GMP of ₹8, expected profit per retail application lot is approximately ₹8,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Finbud Financial Services Limited

ListedSME

Financial Services · NSE

Founded in July 2012, Finbud Financial Services Limited is a loan aggregation platform that helps individuals secure personal, business, and home loans from banks and non-banking financial companies. The company assists customers in comparing loan offers, recommending suitable products, and managing documentation, earning commissions from lenders upon loan disbursement. Its key offerings include personal loans for salaried individuals, business loans for SMEs, and home loans for property purchases or mortgages. As of July 2025, Finbud employed around 276 people.

Price Band

₹140 – ₹142

Issue Size

₹71.68 Cr

Lot Size

1000 shares

GMP

₹8

+5.6%

Est. Listing

₹150

at current GMP

Subscribed

4.24x

overall

Open

6 Nov 2025

10 Nov 2025

Allotment

11 Nov 2025

Refund

12 Nov 2025

Demat Credit

13 Nov 2025

Listing

13 Nov 2025

Last updated 12 months ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Finbud Financial Services Limited GMP Today

Last updated: 13 Nov 2025

Current Premium

₹8+5.6%

Issue Price (Upper)

₹142

Band: ₹140 – ₹142

Estimated Listing Price

₹150

Upper price + GMP

Lot Size

1000 shares

Min investment ₹1,42,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹8	5.6%	₹150
30 Oct 2026	+₹8	5.6%	₹150
29 Oct 2026	+₹7	5.1%	₹149

About Finbud Financial Services Limited Public Issue & Market Profile

Finbud Financial Services Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹71.68 Crores. The shares are offered at a price band of ₹140 to ₹142 per equity share on NSE. 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 1000 shares (approx. ₹1,42,000 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 Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-11-13, while un-allotted funds or UPI block mandates will be released on 2025-11-12.

Frequently Asked Questions

What is Finbud Financial Services Limited IPO GMP today?

The latest grey market premium for Finbud Financial Services Limited IPO is ₹8, which indicates an expected listing price of ₹150.

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.