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 Humming Bird Education Limited IPO allotment date?

The basis of allotment for Humming Bird Education Limited IPO is scheduled to be finalized on 26 Mar 2019.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 27 Mar 2019.

Humming Bird Education Limited

ListedSME

Consumer Services · BSE

Incorporated in 2010, Delhi-based Humming Bird Education Limited is engaged in the business of organizing Olympiad exams for school students from Class 1 to 12. The company conducts various subject-based Olympiads including Mathematics, Science, English, Hindi, General Knowledge, Computer, Commerce, Problem Solving, and even a combined test under multiple categories. It also offers a Spell Bee competition and a Multiple Intelligence Test. These exams aim to evaluate students' factual, conceptual, analytical, and problem-solving skills. Participants are provided with study material, a mobile app, and a detailed performance analysis report. The company operates under an asset-light, centrally managed model. For FY2016, FY2017, and FY2018, the company recorded gross revenues of ₹51.56 lakhs, ₹93.70 lakhs, and ₹117.09 lakhs respectively, and corresponding PATs of ₹0.78 lakhs, ₹4.46 lakhs, and ₹10.57 lakhs.

Price Band

₹132

Issue Size

₹2.15 Cr

Lot Size

1000 shares

GMP

—

Est. Listing

₹132

at current GMP

Subscribed

—

Open

15 Mar 2019

19 Mar 2019

Allotment

26 Mar 2019

Refund

27 Mar 2019

Demat Credit

28 Mar 2019

Listing

28 Mar 2019

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Humming Bird Education Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

26 Mar 2019

Basis finalization

Refunds Initiate

27 Mar 2019

Mandate release

Demat Credit

28 Mar 2019

Shares in demat

Listing Debut

28 Mar 2019

Trading begins

How to Check Humming Bird Education Limited IPO Allotment Status

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

Humming Bird Education Limited is bringing an initial public offering (IPO) in the Consumer Services sector with an aggregate issue size of ₹2.15 Crores. The shares are offered at a price band of ₹132 to ₹132 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 2019-03-19, the basis of allotment is scheduled to be finalized on 2019-03-26. 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.