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.

What is the price band for Innovatus Entertainment Networks Limited IPO?

The price band for Innovatus Entertainment Networks Limited IPO is set at ₹50 to ₹50 per equity share with a minimum lot size of 3000 shares.

When does Innovatus Entertainment Networks Limited IPO open and close?

The Innovatus Entertainment Networks Limited IPO opens on 2023-07-25 and closes on 2023-07-27. The allotment date is 2023-08-01 and the listing date is 2023-08-04.

What is the current GMP of Innovatus Entertainment Networks Limited IPO?

The current grey market premium (GMP) for Innovatus Entertainment Networks Limited IPO is ₹5, implying an estimated listing price of ₹55 (10% gain over the upper price band).

How do I check Innovatus Entertainment Networks Limited IPO allotment status?

You can check the allotment status on the registrar's official portal (Purva Sharegistry India Private Limited) or through the BSE/NSE allotment websites once the basis of allotment is finalized.

Innovatus Entertainment Networks Limited

ListedSME

Media & Entertainment · BSE

Incorporated in 2012, Innovatus Entertainment Networks Limited provides end-to-end direct marketing solutions including management services, CRM, B2B & B2C marketing, activations, and exhibitions. The company offers a wide range of services such as event management, event coordination, publicity (pre & post event), production, printing, venue booking, staffing, celebrity management, transportation, accommodation, catering, translators, and on-site management. They also handle advanced technical support, school/college activation, mall and society promotions, exhibition design & fabrication, semi & permanent displays, electrical construction, graphic design & production, lighting, billboards, signage, and global exhibit management with custom and system rental programs.

Price Band

₹50

Issue Size

₹7.74 Cr

Lot Size

3000 shares

GMP

₹5

+10.0%

Est. Listing

₹55

at current GMP

Subscribed

105.21x

overall

Open

25 Jul 2023

27 Jul 2023

Allotment

1 Aug 2023

Refund

2 Aug 2023

Demat Credit

3 Aug 2023

Listing

4 Aug 2023

Last updated 12 days ago

Overview GMP Subscription Financials IPO Details Company Promoters Objects Peers Documents Allotment FAQs

Key Highlights

•Leading player in the Media & Entertainment segment
•Price band established at ₹50 - ₹50 per equity share
•Minimum bid lot is 3000 shares
•Estimated listing target of ₹55 based on current grey market activity