FirstMeridian Business IPO GMP / Grey Market Premium, Kostak Rates & SS Today
Last Updated Date: Nov 17, 2022FirstMeridian Business is about to release its IPO on NA. The issue is closing on NA and is currently having an active grey market. The FirstMeridian Business IPO GMP is running at a stable rate as per the current situation.
In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market.
However, the QIB and the HNI numbers are the key indicators of GMP in the case of FirstMeridian Business IPO. The company is intended to raise Rs NA million by the released issue.
FirstMeridian Business IPO GMP Rates, Kotak rates & SS
This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue.
You can check this table related to know the IPO size, price band along with listing details, and more.
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| June 2022 | |||
| June 2022 | |||
| June 2022 | |||
| June 2022 | |||
| June 2022 |
Check out Related IPO Links:
| Review FirstMeridian Business IPO |
| FirstMeridian Business IPO Allotment |
| LIVE Subscription – FirstMeridian Business IPO |
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FirstMeridian Business IPO Date / Timetable
Here, you will find the important dates and events of this IPO. Check the allotment status, visit us again once the subscription date is over.
| IPO Open Date | – |
| IPO Close Date | – |
| Basis of Allotment Date | – |
| Initiation of Refunds | – |
| Credit of Shares to Demat Account | – |
| IPO Listing Date | – |
FirstMeridian Business IPO – Financial Performance
The below-given table will give you an overall idea of the company’s financial performance. Check their net profit and loss statement about FirstMeridian Business IPO.
| Amount (in INR & Million) | ||||
| 31-Dec-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Assets | 7,479.80 | 6,234.75 | 6,399.59 | 6,322.95 |
| Revenue | 20,746.43 | 21,241.76 | 20,754.01 | 14,044.43 |
| Expense | 20,653.87 | 21,537.90 | 21,026.31 | 14,440.58 |
| Profit After Tax | 214.00 | (336.56) | (196.11) | (385.32) |
| Earnings per Equity Share (in Million) | ||||
| 31-Dec-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 2.96 | (4.66) | (2.72) | (5.34) |
FAQs Related to FirstMeridian Business IPO GMP
Check out FAQs on FirstMeridian Business IPO Grey Market Premium here –
What is the current FirstMeridian Business IPO GMP Price?
As on today, the FirstMeridian Business IPO GMP is Rs.NA.
What is the current FirstMeridian Business IPO Kostak Rate?
The Kostak rate is Rs NA for FirstMeridian Business IPO.
What is today’s FirstMeridian Business IPO Subject to Sauda Rate?
As on today, the FirstMeridian Business IPO Subject to Sauda is Rs NA.
Where to Check FirstMeridian Business IPO Allotment & Listing?
However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: https://top10stockbroker.com/ipo-allotment-status/
What is Kostak Price?
To apply for an IPO, there is an application price or application charges that come along and is known as Kostak price. It is actually the premium amount at which IPO applications are being traded in the grey market.
Is GREY market buy or sell shares illegal?
Grey Market is basically trading that takes place before the stock of a company gets enlisted on the stock exchange. It takes place before the IPO release and the prices may change at any time.
Hence, it is unofficial trading and hence, not “illegal”.
Disclaimer:
The FirstMeridian Business IPO GMP which is mentioned in the table here is only valid for a specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing the issue. He or she can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on the IPO Grey market.
It is also requested that please do not subscribe for an IPO by just seeing the premium price. The reason being, the premium price varies and can change anytime before listing. Please subscribe only after considering the fundamentals of the companies.