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 AIK Pipes And Polymers Limited IPO allotment date?

The basis of allotment for AIK Pipes And Polymers Limited IPO is scheduled to be finalized on 29 Dec 2023.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 30 Dec 2023.

AIK Pipes And Polymers Limited

ListedSME

Emerging SME Services · BSE

AIK Pipes and Polymers Limited, established in 2017, manufactures pipes and fittings used in water distribution, gas transmission, sewerage systems and telecom applications. The company produces HDPE fittings, MDPE pipes and PPR pipes, and operates three leased manufacturing facilities in Jaipur, Rajasthan. AIK has a skilled team of engineers and technicians to maintain production quality, and its products are approved by BIS, CIPET, Indian Oil Corporation and GAIL. The company is also registered with the Government of Rajasthan as a supplier of water and sewer management solutions. In FY23 (till June 30, 2023), AIK reported income of ₹1400.42 lakh and profit of ₹101.97 lakh, and employed 23 people.

Price Band

₹89

Issue Size

₹15.02 Cr

Lot Size

1600 shares

GMP

₹5

+5.6%

Est. Listing

₹94

at current GMP

Subscribed

43.63x

overall

Open

26 Dec 2023

28 Dec 2023

Allotment

29 Dec 2023

Refund

30 Dec 2023

Demat Credit

31 Dec 2023

Listing

2 Jan 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

AIK Pipes And Polymers Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Ltd

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

29 Dec 2023

Basis finalization

Refunds Initiate

30 Dec 2023

Mandate release

Demat Credit

31 Dec 2023

Shares in demat

Listing Debut

2 Jan 2024

Trading begins

How to Check AIK Pipes And Polymers Limited IPO Allotment Status

Click the Check on Registrar button above to visit Skyline Financial Services Private Ltd's allotment portal.
Select AIK Pipes And Polymers 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 AIK Pipes And Polymers Limited Public Issue & Market Profile

AIK Pipes And Polymers Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹15.02 Crores. The shares are offered at a price band of ₹89 to ₹89 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

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 2023-12-28, the basis of allotment is scheduled to be finalized on 2023-12-29. 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 (Skyline Financial Services Private Ltd) 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.