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 Cospower Engineering Limited IPO allotment date?

The basis of allotment for Cospower Engineering Limited IPO is scheduled to be finalized on 25 Mar 2020.

Where can I check Cospower Engineering Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services 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 26 Mar 2020.

IPO GreyPremiumLIVE

Grey Market Intelligence

Cospower Engineering Limited

ListedSME

Capital Goods / Industrial Manufacturing · BSE

Cospower Engineering Limited, established in 2010, is engaged in manufacturing electrical panels, mounting structures, harmonic filters, and substations, while also offering turnkey services such as supply, installation, testing, commissioning, and maintenance of electrical systems. The company undertakes customized, contract-based manufacturing to meet specific customer requirements and also sources certain products from third-party vendors when needed. Supported by a skilled technical team, Cospower executes turnkey projects aimed at ensuring safe and efficient electrical distribution, with its manufacturing facility located in Vasai, Maharashtra, equipped with the required machinery and tools for production.

Price Band

₹51

Issue Size

₹2.04 Cr

Lot Size

2000 shares

GMP

—

Est. Listing

₹51

at current GMP

Subscribed

—

Open

17 Mar 2020

19 Mar 2020

Allotment

25 Mar 2020

Refund

26 Mar 2020

Demat Credit

27 Mar 2020

Listing

30 Mar 2020

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Cospower Engineering Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

25 Mar 2020

Basis finalization

Refunds Initiate

26 Mar 2020

Mandate release

Demat Credit

27 Mar 2020

Shares in demat

Listing Debut

30 Mar 2020

Trading begins

About Cospower Engineering Limited Public Issue & Market Profile

Cospower Engineering Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrial Manufacturing sector with an aggregate issue size of ₹2.04 Crores. The shares are offered at a price band of ₹51 to ₹51 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,02,000 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 Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2020-03-27, while un-allotted funds or UPI block mandates will be released on 2020-03-26.

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.