Fedbank Financial Services Shares List At Discount To IPO Price — What Should Investors Do?

Fedbank Financial Services stock made a subdued debut, listing at a 1.61 percent discount to the IPO price on November 30. The shares opened at Rs 137.75 on NSE and Rs 138 on BSE against the issue price of Rs 140. Soon after, the stock slipped 3.82 percent to Rs 134.65. The lacklustre opening was expected as ahead of the listing, the grey market premium (GMP) of Fedbank was wiped out on low investor interest. The grey market is an unofficial platform where shares start trading much before the allotment and continue till the listing day. Tune in to watch Sakshi Batra discuss with Anil Kothuri, MD & CEO, FedBank Financial Services on what is the growth outlook and expansion plans going forward.