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 ENERGY MISSION MACHINERIES IPO allotment date?

The basis of allotment for ENERGY MISSION MACHINERIES IPO is scheduled to be finalized on 14 May 2024.

Where can I check ENERGY MISSION MACHINERIES 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 15 May 2024.

ENERGY MISSION MACHINERIES

ListedSME

Capital Goods / Industrial Machinery · NSE

Energy-Mission Machineries (India) Limited, established in 2011, is a leading manufacturer of precision metal forming machines used in industries like automotive, steel, furniture, agriculture, construction, and food processing. The company offers a wide range of products, including press brakes, shearing machines, plate rolling machines, ironworkers, and hydraulic presses. With a manufacturing facility in Sanand, Ahmedabad, spanning 18,234 square meters and an annual production capacity of 900 machines, the company has served over 1,050 customers across 20 states and 2 Union Territories in India. It is ISO 9001:2015 certified and generates significant revenue from Maharashtra, Gujarat, and Karnataka. As of October 31, 2023, Energy-Mission Machineries employed 253 permanent staff, supported by additional contract-based personnel.

Price Band

₹131 – ₹138

Issue Size

₹41.15 Cr

Lot Size

1000 shares

GMP

₹130

+94.2%

Est. Listing

₹268

at current GMP

Subscribed

319.97x

overall

Open

9 May 2024

13 May 2024

Allotment

14 May 2024

Refund

15 May 2024

Demat Credit

16 May 2024

Listing

16 May 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

ENERGY MISSION MACHINERIES Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

14 May 2024

Basis finalization

Refunds Initiate

15 May 2024

Mandate release

Demat Credit

16 May 2024

Shares in demat

Listing Debut

16 May 2024

Trading begins

How to Check ENERGY MISSION MACHINERIES IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select ENERGY MISSION MACHINERIES 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 ENERGY MISSION MACHINERIES Public Issue & Market Profile

ENERGY MISSION MACHINERIES is bringing an initial public offering (IPO) in the Capital Goods / Industrial Machinery sector with an aggregate issue size of ₹41.15 Crores. The shares are offered at a price band of ₹131 to ₹138 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.

Public Issue & Allotment Procedure:

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.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-05-13, the basis of allotment is scheduled to be finalized on 2024-05-14. 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 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.