Five Star Business Finance IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Five Star Business Finance IPO GMP Today, Five Star IPO Grey Market Premium Updates | Five Star Finance IPO Listing Gain, Latest target, Opening gain

Five Star Business Finance IPO date is fixed, the initial public offer (IPO) is to hit the market on Nov 9, 2022, and close on NOV 11, 2022. Five Star Business Finance IPO to raise ₹1960 Cr via IPO that comprises an offer of up to 41,351,266 Equity Shares of Rs.1 each. The retail quota is 35% with QIB 50% and HNI 15%.

Five Star Business Finance Limited is an NBFC-ND-SI (Non-Banking Finance Company) providing secured business loans to micro-entrepreneurs and self-employed individuals. The company has an extensive network of 311 branches, as of June 30, 2022, spread across eight states and one union territory and approximately 150 districts across India, with Tamil Nadu, Andhra Pradesh, Telangana and Karnataka being the key states.

Five Star Business Finance Limited has created a business model based on identifying an appropriate risk framework and the ideal instalment-to-income ratio to make sure that customers have the resources to repay the loan after meeting their regular obligations and other event-based capital requirements.

The company is headquartered in Chennai, Tamil Nadu with a strong presence in south India. As of September 30, 2021, we had a total of 4,306 employees.

The company has provided loans to more than 185,000 customers in total. They had an active loan base of 230,175 and 217,745 as of June 30, 2022, and March 31, 2022, respectively.

Check out Five Star Business Finance IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Five Star Business Finance IPO Details:

Issuer Five Star Business Finance Limited
Issue Type Book Built Issue IPO
Issue Period Issue Opens: NOV 9, 2022
Issue Closes: NOV 11, 2022
Price Brand ₹450 to ₹474 Per Share
Issue Size ₹1960.01 Cr
Face Value Rs.1 per Equity Share
Market Lot 31 Shares
Maximum Bid amount for Retail ₹191022
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Listing at NSE & BSE
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Equity 41,351,266 Shares

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Five Star Finance IPO GMP Rates day by day

Five Star Finance IPO Grey market premium as of today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
21 NOV 2022
20 NOV 2022
19 NOV 2022
18 NOV 2022
17 NOV 2022 ₹0
16 NOV 2022 ₹-7
15 NOV 2022 ₹-7
14 NOV 2022
13 NOV 2022
12 NOV 2022 ₹-5
11 NOV 2022
10 NOV 2022
09 NOV 2022
08 NOV 2022 ₹1
07 NOV 2022
06 NOV 2022 ₹1

Five Star Finance IPO Market Lot:

Application Lots Shares Amount
Retail (Min) 1 31 ₹14694
Retail (Max) 13 650 ₹191022
S-HNI (Min) 14 700 ₹205716
B-HNI (Min) 67 3350 ₹1013886

Five Star Finance IPO Allotment & Listing:

Five Star Business Finance IPO Opening Date: NOV 09, 2022
Five Star Business Finance IPO Closing Date : NOV 11, 2022
Basis of Allotment: NOV 16, 2022
Refunds: NOV 17, 2022
Credit to Demat Account: NOV 18, 2022
Listing Date: NOV 21, 2022

How to Apply for Five Star Finance IPO?

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How to Apply Five Star Finance IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Five Star Business Finance”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply Five Star Finance IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Five Star Business Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.



Check:- Five Star Business Finance IPO Allotment Status


– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamentals of the companies.
– This is only coverage of News related to Grey Market. We don’t deal in Grey market premium, nor do we recommend dealing in Grey Market. Investment decisions based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into the grey market nor do we facilitate buying or selling of IPO firms.

What is Grey Market?

Grey Market is the term used to describe an unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:


IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.