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 will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 2 Aug 2023.

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 Live GMP Live Subscription Allotment Status

Official Registrar Verification

Innovatus Entertainment Networks Limited Allotment Status

Designated Registrar: Purva Sharegistry India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

1 Aug 2023

Basis finalization

Refunds Initiate

2 Aug 2023

Mandate release

Demat Credit

3 Aug 2023

Shares in demat

Listing Debut

4 Aug 2023

Trading begins

How to Check Innovatus Entertainment Networks Limited IPO Allotment Status

Click the Check on Registrar button above to visit Purva Sharegistry India Private Limited's allotment portal.
Select Innovatus Entertainment Networks 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 Innovatus Entertainment Networks Limited Public Issue & Market Profile

Innovatus Entertainment Networks Limited is bringing an initial public offering (IPO) in the Media & Entertainment sector with an aggregate issue size of ₹7.74 Crores. The shares are offered at a price band of ₹50 to ₹50 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 3000 shares (approx. ₹1,50,000 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 Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-08-03, while un-allotted funds or UPI block mandates will be released on 2023-08-02.

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.