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 Jainam Ferro Alloys (I) Limited IPO allotment date?

The basis of allotment for Jainam Ferro Alloys (I) Limited IPO is scheduled to be finalized on 5 Oct 2021.

Where can I check Jainam Ferro Alloys (I) Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Pvt Ltd) 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 6 Oct 2021.

IPO GreyPremiumLIVE

Grey Market Intelligence

Jainam Ferro Alloys (I) Limited

ListedSME

Emerging SME Services · NSE

Jainam Ferro Alloys (I) Limited is involved in making two key types of Ferro Alloys — Ferro Manganese (FeMn) and Silico Manganese (SiMn), which are mainly used in the steel industry. The company also earns from trading manganese ore, which is a key raw material for producing these alloys. Most of the company’s revenue comes from Ferro Manganese. Its head office and manufacturing unit are located in Raipur, Chhattisgarh.

Price Band

₹70

Issue Size

₹19.61 Cr

Lot Size

2000 shares

GMP

—

Est. Listing

₹70

at current GMP

Subscribed

—

Open

28 Sep 2021

30 Sep 2021

Allotment

5 Oct 2021

Refund

6 Oct 2021

Demat Credit

7 Oct 2021

Listing

8 Oct 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Jainam Ferro Alloys (I) Limited Allotment Status

Designated Registrar: Bigshare Services Pvt Ltd

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

5 Oct 2021

Basis finalization

Refunds Initiate

6 Oct 2021

Mandate release

Demat Credit

7 Oct 2021

Shares in demat

Listing Debut

8 Oct 2021

Trading begins

About Jainam Ferro Alloys (I) Limited Public Issue & Market Profile

Jainam Ferro Alloys (I) Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹19.61 Crores. The shares are offered at a price band of ₹70 to ₹70 per equity share on NSE. 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 2000 shares (approx. ₹1,40,000 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 Pvt Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-10-07, while un-allotted funds or UPI block mandates will be released on 2021-10-06.

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.