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 Hemant Surgical Industries Limited IPO allotment date?

The basis of allotment for Hemant Surgical Industries Limited IPO is scheduled to be finalized on 31 May 2023.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 1 Jun 2023.

Hemant Surgical Industries Limited

ListedSME

Healthcare & Medical Devices · BSE

Incorporated in 1989, Hemant Surgical Industries Limited is engaged in manufacturing, importing, assembling, and marketing a wide range of medical equipment and disposables used in renal care, cardiovascular and respiratory disease management, critical care, radiology, and surgical procedures. The company imports products from Japan, China, France, and Australia, and operates one manufacturing unit at Achad Industrial Estate along with two assembly units at Atgaon and Bhiwandi. These facilities, certified with ISO 9001:2015 and ISO 13485:2016, are equipped with modern quality control systems and staffed by experienced professionals to ensure efficient and reliable production processes.

Price Band

₹85 – ₹90

Issue Size

₹24.84 Cr

Lot Size

1600 shares

GMP

₹80

+88.9%

Est. Listing

₹170

at current GMP

Subscribed

139.70x

overall

Open

24 May 2023

26 May 2023

Allotment

31 May 2023

Refund

1 Jun 2023

Demat Credit

2 Jun 2023

Listing

5 Jun 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Hemant Surgical Industries Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

31 May 2023

Basis finalization

Refunds Initiate

1 Jun 2023

Mandate release

Demat Credit

2 Jun 2023

Shares in demat

Listing Debut

5 Jun 2023

Trading begins

How to Check Hemant Surgical Industries Limited IPO Allotment Status

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

Hemant Surgical Industries Limited is bringing an initial public offering (IPO) in the Healthcare & Medical Devices sector with an aggregate issue size of ₹24.84 Crores. The shares are offered at a price band of ₹85 to ₹90 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 1600 shares (approx. ₹1,44,000 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 2023-06-02, while un-allotted funds or UPI block mandates will be released on 2023-06-01.

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.