Fedbank Financial Services IPO GMP

What is IPO GMP?

IPO GMP shows us the premium that someone is willing to pay for the corresponding IPO in the grey market; It is used frequently to forecast the listing price of upcoming IPOs.

FedBank Financial Services Ltd is a retail focused NBFC promoted by The Federal Bank Limited. It has the second and third lowest cost of borrowing among the micro, small and medium enterprises (“MSMEs”), gold loan and MSME & gold loan peer set in India in FY2023 and the quarter ending  June 30, 2023, respectively. Fedbank is the fastest growing gold loan NBFC among the gold loan peer set as of March 31, 2023.  The company had the third fastest AUM growth with a CAGR of 33% between FY2020 and FY2023. Accounting for the June quarter of the current financial year, the AUM growth stands at 42%. 

About the Company

Open Date

22 Nov 2023

24 Nov 2023

107 shares

₹ 1,100 Cr

Lot Size

IPO Size

Listing At

BSE NSE

Listing  Date

Price Range

₹133 to ₹ 140

Close Date

Allotment Date

30 Nov 2023

05 Dec 2023

IPO Details

Date

GMP

Fedbank Financial Services IPO GMP

18-Nov-23

₹ 08

19-Nov-23

₹ 08

20-Nov-23

₹ 05

21-Nov-23

₹ 05

22-Nov-23

₹ 05

23-Nov-23

₹ 02

24-Nov-23

₹ 02

25-Nov-23

₹ 00

26-Nov-23

₹ 00

27-Nov-23

₹ 00

28-Nov-23

₹ 00

29-Nov-23

₹ 00

Disclaimer Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.