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 Fone4 Communications (India) Limited IPO allotment date?

The basis of allotment for Fone4 Communications (India) Limited IPO is scheduled to be finalized on 2 May 2022.

Where can I check Fone4 Communications (India) Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Cameo Corporate Services 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 3 May 2022.

IPO GreyPremiumLIVE

Grey Market Intelligence

Fone4 Communications (India) Limited

ListedSME

Consumer Discretionary · BSE

Incorporated in 2014, Fone4 Communications (India) Limited is an online and offline electronics e-commerce company based in Kerala, engaged in the distribution of a wide range of electronic gadgets and accessories for smartphones, laptops, smart televisions, and other devices from leading brands such as Apple, Samsung, Oppo, Vivo, Xiaomi, Nokia, OnePlus, Dell, Lenovo, Asus, HP, Acer, LG, TCL, and others, with operations supported by a warehouse in Kochi and a strong retail presence through 25 branded ‘FONE4’ showrooms across major cities in Kerala including Calicut, Cochin, Kollam, Kottayam, Malappuram, Palakkad, and Thrissur.

Price Band

₹10

Issue Size

₹6.80 Cr

Lot Size

10000 shares

GMP

₹2

+20.0%

Est. Listing

₹12

at current GMP

Subscribed

—

Open

25 Apr 2022

27 Apr 2022

Allotment

2 May 2022

Refund

3 May 2022

Demat Credit

4 May 2022

Listing

6 May 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Fone4 Communications (India) Limited Allotment Status

Designated Registrar: Cameo Corporate Services Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

2 May 2022

Basis finalization

Refunds Initiate

3 May 2022

Mandate release

Demat Credit

4 May 2022

Shares in demat

Listing Debut

6 May 2022

Trading begins

About Fone4 Communications (India) Limited Public Issue & Market Profile

Fone4 Communications (India) Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹6.8 Crores. The shares are offered at a price band of ₹10 to ₹10 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

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 2022-04-27, the basis of allotment is scheduled to be finalized on 2022-05-02. 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 (Cameo Corporate Services 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.