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 Artemis Electricals Limited IPO allotment date?

The basis of allotment for Artemis Electricals Limited IPO is scheduled to be finalized on 8 May 2019.

Where can I check Artemis Electricals Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Cameo Corporate Services Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 9 May 2019.

Artemis Electricals Limited

ListedSME

Consumer Staples · BSE

Artemis Electricals Limited, incorporated in 2009 and based in Mumbai, is engaged in the manufacturing and trading of LED lights and LED lighting accessories, catering to both indoor and outdoor lighting needs. The company manufactures LED drivers at its Vasai facility and uses third-party facilities for LED bulbs, supplying finished products to OEMs who brand and sell them to retail customers. Its product portfolio includes LED panel lights, street lights, solar-powered lights, downlights, spotlights, architectural lights, bulbs, and solar-powered fans and lanterns. With a workforce of 32 employees and 11 contractors, including two in R&D, the company operates primarily from its Vasai manufacturing plant. As of October 2018, Artemis Electricals reported revenues of Rs 5,241.26 lakhs from the sale of LED products and accessories, without a clear split between manufacturing and trading income.

Price Band

₹55 – ₹60

Issue Size

₹42.00 Cr

Lot Size

2000 shares

GMP

—

Est. Listing

₹60

at current GMP

Subscribed

—

Open

24 Apr 2019

6 May 2019

Allotment

8 May 2019

Refund

9 May 2019

Demat Credit

10 May 2019

Listing

14 May 2019

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Artemis Electricals Limited Allotment Status

Designated Registrar: Cameo Corporate Services Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

8 May 2019

Basis finalization

Refunds Initiate

9 May 2019

Mandate release

Demat Credit

10 May 2019

Shares in demat

Listing Debut

14 May 2019

Trading begins

How to Check Artemis Electricals Limited IPO Allotment Status

Click the Check on Registrar button above to visit Cameo Corporate Services Limited's allotment portal.
Select Artemis Electricals 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 Artemis Electricals Limited Public Issue & Market Profile

Artemis Electricals Limited is bringing an initial public offering (IPO) in the Consumer Staples sector with an aggregate issue size of ₹42 Crores. The shares are offered at a price band of ₹55 to ₹60 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 2019-05-06, the basis of allotment is scheduled to be finalized on 2019-05-08. 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 (Cameo Corporate Services 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.