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 Chetana Education Limited IPO allotment date?

The basis of allotment for Chetana Education Limited IPO is scheduled to be finalized on 29 Jul 2024.

Where can I check Chetana Education Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private 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 30 Jul 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

Chetana Education Limited

ListedSME

Education · NSE

Chetana Education Limited, founded in 2017, publishes textbooks for CBSE and Maharashtra State Board students from pre-primary to senior secondary levels. They offer 700+ book titles across 15 brands like Master Key, Self-Study, Firefly, and QR Series, with over 6 million books sold. Their books come with digital learning videos accessible via QR codes, created in partnership with Allern Enterprises Private Limited, featuring 30,000+ educational videos. The company works with 400+ contract authors to deliver high-quality content and has a strong network of 500+ distributors and dealers across India, supported by a 470-member team as of December 2023.

Price Band

₹80 – ₹85

Issue Size

₹45.90 Cr

Lot Size

1600 shares

GMP

₹25

+29.4%

Est. Listing

₹110

at current GMP

Subscribed

196.57x

overall

Open

24 Jul 2024

26 Jul 2024

Allotment

29 Jul 2024

Refund

30 Jul 2024

Demat Credit

31 Jul 2024

Listing

31 Jul 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Chetana Education Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

29 Jul 2024

Basis finalization

Refunds Initiate

30 Jul 2024

Mandate release

Demat Credit

31 Jul 2024

Shares in demat

Listing Debut

31 Jul 2024

Trading begins

About Chetana Education Limited Public Issue & Market Profile

Chetana Education Limited is bringing an initial public offering (IPO) in the Education sector with an aggregate issue size of ₹45.9 Crores. The shares are offered at a price band of ₹80 to ₹85 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 1600 shares (approx. ₹1,36,000 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 Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-07-31, while un-allotted funds or UPI block mandates will be released on 2024-07-30.

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.

Chetana Education Limited

Chetana Education Limited Allotment Status

How to Check Chetana Education Limited IPO Allotment Status

About Chetana Education Limited Public Issue & Market Profile

Frequently Asked Questions

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

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