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 Comrade Appliances Limited IPO?

Comrade Appliances Limited IPO has received a total subscription of 71.92 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Comrade Appliances Limited

ListedSME

Consumer Durables · BSE

Incorporated in 2017, Comrade Appliances Limited is engaged in manufacturing a wide range of air coolers and electric geysers, providing end-to-end product solutions under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) models. Under the OEM model, the company manufactures products as per client designs, while under the ODM model, it conceptualizes and designs products sold under clients’ brands. Its consumer products, marketed under the brand name “Comrade,” are produced at its 66,322 sq. ft. manufacturing facility located in Palghar, Maharashtra, enabling efficient large-scale production and quality control.

Price Band

₹52 – ₹54

Issue Size

₹12.30 Cr

Lot Size

2000 shares

GMP

₹25

+46.3%

Est. Listing

₹79

at current GMP

Subscribed

71.92x

overall

Open

31 May 2023

5 Jun 2023

Allotment

8 Jun 2023

Refund

9 Jun 2023

Demat Credit

10 Jun 2023

Listing

13 Jun 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

71.92x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

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

Total 71.92x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	1,138,889	—	0.00x
Non-Institutional (NII / HNI)	341,667	—	0.00x
Retail Individual (RII)	797,222	—	0.00x
Total	2,277,778	0	71.92x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 71.92x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	399	28,696	71.92x
HNIs (10L +)	3	216	72.00x
HNIs (2-10L)	12	863	71.92x
Total Applications	414	29,775	71.92x

Day-Wise Subscription Progress

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

About Comrade Appliances Limited Public Issue & Market Profile

Comrade Appliances Limited is bringing an initial public offering (IPO) in the Consumer Durables sector with an aggregate issue size of ₹12.3 Crores. The shares are offered at a price band of ₹52 to ₹54 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.

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 2023-06-05, the basis of allotment is scheduled to be finalized on 2023-06-08. 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 (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Comrade Appliances Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Comrade Appliances Limited IPO is ₹25 per equity share. Based on the upper price band of ₹52 to ₹54 per equity share, the estimated listing price is ₹79 (+46.3% expected listing gain).

What is the expected profit per lot for Comrade Appliances Limited IPO?

With a lot size of 2000 shares and current GMP of ₹25, the expected profit per application lot is approx ₹50,000 (+46.3% gain). Minimum application cost is approx ₹1,08,000.

What is the issue size and price band for Comrade Appliances Limited IPO?

The Comrade Appliances Limited IPO aggregate issue size is ₹12.3 Crores with an equity price band set at ₹52 to ₹54 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,08,000.

How can I check Comrade Appliances Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 71.92x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Comrade Appliances Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-06-08. Investors can verify status using PAN card or application number.

When is the listing date for Comrade Appliances Limited IPO?

Comrade Appliances Limited shares are scheduled to list on BSE on 2023-06-13.