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 Eastern Logica Infoway Limited IPO allotment date?

The basis of allotment for Eastern Logica Infoway Limited IPO is scheduled to be finalized on 13 Jan 2023.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 14 Jan 2023.

Eastern Logica Infoway Limited

ListedSME

Information Technology & Retail · BSE

Incorporated in 1995, Eastern Logica Infoway Limited is engaged in multi-brand retail and distribution of branded smartphones, IT hardware, software, and allied accessories, along with offering networking and security solutions. With over 25 years of experience, the company has established a strong market presence through 4 offices, 11 retail stores, 2 distribution centres, and virtual offices across 11 cities in India, including West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu. Operating on a lease rental model, Eastern Logica ensures prime retail visibility and customer accessibility. Its major clients include Eshaa Communication Pvt. Ltd., Checkers India Technology Pvt. Ltd., Balaji Solutions Ltd., Aakanksha Distributors Pvt. Ltd., and Fareast Exim Venture Pvt. Ltd. The company’s operations span four segments — Retail, Services, E-Commerce, and Distribution.

Price Band

₹225

Issue Size

₹16.94 Cr

Lot Size

600 shares

GMP

₹3

+1.3%

Est. Listing

₹228

at current GMP

Subscribed

1.74x

overall

Open

5 Jan 2023

9 Jan 2023

Allotment

13 Jan 2023

Refund

14 Jan 2023

Demat Credit

15 Jan 2023

Listing

17 Jan 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Eastern Logica Infoway Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

13 Jan 2023

Basis finalization

Refunds Initiate

14 Jan 2023

Mandate release

Demat Credit

15 Jan 2023

Shares in demat

Listing Debut

17 Jan 2023

Trading begins

How to Check Eastern Logica Infoway Limited IPO Allotment Status

Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
Select Eastern Logica Infoway 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 Eastern Logica Infoway Limited Public Issue & Market Profile

Eastern Logica Infoway Limited is bringing an initial public offering (IPO) in the Information Technology & Retail sector with an aggregate issue size of ₹16.94 Crores. The shares are offered at a price band of ₹225 to ₹225 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 600 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 Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-01-15, while un-allotted funds or UPI block mandates will be released on 2023-01-14.

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.