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.

When is the Adishakti Loha and Ispat Limited IPO allotment date?

The basis of allotment for Adishakti Loha and Ispat Limited IPO is scheduled to be finalized on 11 Oct 2021.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 12 Oct 2021.

IPO GreyPremiumLIVE

Grey Market Intelligence

Adishakti Loha and Ispat Limited

ListedSME

Materials & Commodities · BSE

Adishakti Loha and Ispat Limited is a metal trading company focused primarily on iron and steel. Operating on a B2B model, the company procures goods based on orders without maintaining inventory, supplying products directly from suppliers to customers. Its management has built strong trust with corporate clients, and the company currently serves a select group of clients.

Price Band

₹11

Issue Size

₹2.00 Cr

Lot Size

10000 shares

GMP

—

Est. Listing

₹11

at current GMP

Subscribed

—

Open

30 Sep 2021

5 Oct 2021

Allotment

11 Oct 2021

Refund

12 Oct 2021

Demat Credit

13 Oct 2021

Listing

13 Oct 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Adishakti Loha and Ispat Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

11 Oct 2021

Basis finalization

Refunds Initiate

12 Oct 2021

Mandate release

Demat Credit

13 Oct 2021

Shares in demat

Listing Debut

13 Oct 2021

Trading begins

How to Check Adishakti Loha and Ispat Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select Adishakti Loha and Ispat Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Adishakti Loha and Ispat Limited Public Issue & Market Profile

Adishakti Loha and Ispat Limited is bringing an initial public offering (IPO) in the Materials & Commodities sector with an aggregate issue size of ₹2 Crores. The shares are offered at a price band of ₹11 to ₹11 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2021-10-05, the basis of allotment is scheduled to be finalized on 2021-10-11. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.