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 Gleam Fabmat Limited IPO allotment date?

The basis of allotment for Gleam Fabmat Limited IPO is scheduled to be finalized on 27 Feb 2019.

Where can I check Gleam Fabmat 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 28 Feb 2019.

IPO GreyPremiumLIVE

Grey Market Intelligence

Gleam Fabmat Limited

ListedSME

Industrials · BSE

Incorporated in 2018, Delhi-based Gleam Fabmat Limited is engaged in trading a wide range of aluminium products, including aluminium sheets, coils, rivets, and textile products. The company plans to leverage its promoter networks in the trading community to expand its business and has also ventured into the fabric segment. In its first four months of operations, Gleam Fabmat reported sales of Rs. 1,022.22 lakhs, EBITDA of Rs. 30.82 lakhs, and PAT of Rs. 20.99 lakhs.

Price Band

₹10

Issue Size

₹3.00 Cr

Lot Size

10000 shares

GMP

—

Est. Listing

₹10

at current GMP

Subscribed

—

Open

19 Feb 2019

22 Feb 2019

Allotment

27 Feb 2019

Refund

28 Feb 2019

Demat Credit

1 Mar 2019

Listing

5 Mar 2019

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Gleam Fabmat Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

27 Feb 2019

Basis finalization

Refunds Initiate

28 Feb 2019

Mandate release

Demat Credit

1 Mar 2019

Shares in demat

Listing Debut

5 Mar 2019

Trading begins

About Gleam Fabmat Limited Public Issue & Market Profile

Gleam Fabmat Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹3 Crores. The shares are offered at a price band of ₹10 to ₹10 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 10000 shares (approx. ₹1,00,000 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 2019-03-01, while un-allotted funds or UPI block mandates will be released on 2019-02-28.

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.