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.

What is the current subscription status of Canarys Automations Limited IPO?

Canarys Automations Limited IPO has received a total subscription of 9.55 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Canarys Automations Limited

ListedSME

Emerging SME Services · NSE

Incorporated in 1991, Canarys Automations Limited is a technology solutions provider specializing in Digitalization, Modernization, Automation, Cloudification and Intelligence. The company operates through two main verticals — Technology Solutions that cover DevOps consulting (Azure, GitHub, Atlassian, GitLab etc.), Cloud Consulting (AWS, Azure, GCP), SAP & MS Dynamics 365, RPA, Digital Applications and Mobility Solutions, and Water Resource Management Solutions that offer irrigation modernization, flood risk mitigation, cloud-based river/canal water sharing automation and SCADA gate control systems. Canarys serves industries like BFSI, Retail, Healthcare, Pharma, Manufacturing, Insurance and more, and has delivered business applications to over 1,000 customers across India and 10+ countries including USA, UK, Canada, Germany, Singapore, Malaysia, Brunei, Australia, Sri Lanka and Indonesia.

Price Band

₹29 – ₹31

Issue Size

₹47.03 Cr

Lot Size

4000 shares

GMP

₹5

+16.1%

Est. Listing

₹36

at current GMP

Subscribed

9.55x

overall

Open

27 Sep 2023

3 Oct 2023

Allotment

6 Oct 2023

Refund

7 Oct 2023

Demat Credit

8 Oct 2023

Listing

11 Oct 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

9.55x

Total Demand

QIB Multiplier

1.98x

Institutions & Funds

NII / HNI

18.42x

High Net-Worth

Retail (RII)

11.70x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 9.55x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	3,968,000	7,856,000	1.98x
NIB	2,164,000	39,864,000	18.42x
RETAIL	5,048,000	59,084,000	11.70x
Total	11,180,000	106,804,000	9.55x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 11.94x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	1,327	15,526	11.70x
HNIs (10L +)	8	147	18.42x
HNIs (2-10L)	41	755	18.42x
Total Applications	1,376	16,428	11.94x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Canarys Automations Limited Public Issue & Market Profile

Canarys Automations Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹47.03 Crores. The shares are offered at a price band of ₹29 to ₹31 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

Following the close of bidding on 2023-10-03, the basis of allotment is scheduled to be finalized on 2023-10-06. 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 (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Canarys Automations Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Canarys Automations Limited IPO is ₹5 per equity share. Based on the upper price band of ₹29 to ₹31 per equity share, the estimated listing price is ₹36 (+16.1% expected listing gain).

What is the expected profit per lot for Canarys Automations Limited IPO?

With a lot size of 4000 shares and current GMP of ₹5, the expected profit per application lot is approx ₹20,000 (+16.1% gain). Minimum application cost is approx ₹1,24,000.

What is the issue size and price band for Canarys Automations Limited IPO?

The Canarys Automations Limited IPO aggregate issue size is ₹47.03 Crores with an equity price band set at ₹29 to ₹31 per equity share. The retail lot size is 4000 shares requiring a minimum capital outlay of approx. ₹1,24,000.

How can I check Canarys Automations Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 9.55x (Retail: 11.70x, QIB: 1.98x, NII: 18.42x). You can track live multiples directly on our dedicated subscription page.

Where and when will Canarys Automations Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2023-10-06. Investors can verify status using PAN card or application number.

When is the listing date for Canarys Automations Limited IPO?

Canarys Automations Limited shares are scheduled to list on NSE on 2023-10-11.