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 will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 20 Oct 2023.

Arvind and Company Shipping Agency Limited

ListedSME

Emerging SME Services · NSE

Incorporated in September 1987, Arvind and Company Shipping Agency is based in Jamnagar, Gujarat, and specializes in marine vessel services and ancillary equipment. The company operates various vessels, including Cargo Barges, Flat Top Barges, Crane Mounted Barges, Hopper Barges, Spud Barges, and Tugs, catering to multinational corporations. Expanding beyond shipping, the company has also ventured into the hospitality sector with Hotel Millennium Plaza and Hotel 999. With 15+ employees and 850+ completed projects, the company continues to grow with a strong foundation in shipping and logistics. Competitive Strengths: Experienced Promoters and Management Team Cost-efficient operations and competitive pricing Strategic location for strong vendor and customer relations

Price Band

₹45

Issue Size

₹14.74 Cr

Lot Size

3000 shares

GMP

₹18

+40.0%

Est. Listing

₹63

at current GMP

Subscribed

379.06x

overall

Open

12 Oct 2023

16 Oct 2023

Allotment

19 Oct 2023

Refund

20 Oct 2023

Demat Credit

21 Oct 2023

Listing

25 Oct 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Arvind and Company Shipping Agency Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Ltd

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

19 Oct 2023

Basis finalization

Refunds Initiate

20 Oct 2023

Mandate release

Demat Credit

21 Oct 2023

Shares in demat

Listing Debut

25 Oct 2023

Trading begins

How to Check Arvind and Company Shipping Agency Limited IPO Allotment Status

Click the Check on Registrar button above to visit Skyline Financial Services Private Ltd's allotment portal.
Select Arvind and Company Shipping Agency 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 Arvind and Company Shipping Agency Limited Public Issue & Market Profile

Arvind and Company Shipping Agency Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹14.74 Crores. The shares are offered at a price band of ₹45 to ₹45 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,35,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Skyline Financial Services Private Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-10-21, while un-allotted funds or UPI block mandates will be released on 2023-10-20.

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.