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 current subscription status of Jiwanram Sheoduttrai Industries Limited IPO?

Jiwanram Sheoduttrai Industries Limited IPO has received a total subscription of 108.38 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Jiwanram Sheoduttrai Industries Limited

ListedSME

Textiles & Apparel · NSE

Jiwanram Sheoduttrai Industries Limited, incorporated in 1997, manufactures and exports industrial safety gloves and garments. The company operates three manufacturing units in Baruipur, Nandankanan, and Falta SEZ, West Bengal, and has three main business verticals: industrial leather gloves (Canadian, Welder, Driver, Mechanical, Combi, Hi-Vis, etc.), industrial garments (fire-retardant, high-visibility, water-repellent, UV-protection, anti-bacterial, and customized apparel), and work/casual wear including hospital and hotel garments, shirts, trousers, jackets, and T-shirts. Its clientele spans the USA, Spain, Germany, and Belgium, with revenues of Rs. 4.06 Cr., Rs. 3.24 Cr., and Rs. 2.92 Cr. in fiscal 2023, 2022, and 2021 respectively.

Price Band

₹23

Issue Size

₹17.07 Cr

Lot Size

6000 shares

GMP

₹13

+56.5%

Est. Listing

₹36

at current GMP

Subscribed

108.38x

overall

Open

8 Sep 2023

12 Sep 2023

Allotment

14 Sep 2023

Refund

15 Sep 2023

Demat Credit

16 Sep 2023

Listing

18 Sep 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

108.38x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

65.23x

High Net-Worth

Retail (RII)

151.47x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 108.38x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	3,522,000	229,734,000	65.23x
RETAIL	3,528,000	534,378,000	151.47x
Total	7,050,000	764,112,000	108.38x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 148.40x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	433	65,587	151.47x
HNIs (10L +)	3	196	65.23x
HNIs (2-10L)	13	848	65.23x
Total Applications	449	66,631	148.40x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Jiwanram Sheoduttrai Industries Limited Public Issue & Market Profile

Jiwanram Sheoduttrai Industries Limited is bringing an initial public offering (IPO) in the Textiles & Apparel sector with an aggregate issue size of ₹17.07 Crores. The shares are offered at a price band of ₹23 to ₹23 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.

Bidding & Quota Instructions:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 6000 shares (approx. ₹1,38,000 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.

Allotment Reconciliation Schedule:

Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-09-16, while un-allotted funds or UPI block mandates will be released on 2023-09-15.

Frequently Asked Questions

What is Jiwanram Sheoduttrai Industries Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Jiwanram Sheoduttrai Industries Limited IPO is ₹13 per equity share. Based on the upper price band of ₹23 to ₹23 per equity share, the estimated listing price is ₹36 (+56.5% expected listing gain).

What is the expected profit per lot for Jiwanram Sheoduttrai Industries Limited IPO?

With a lot size of 6000 shares and current GMP of ₹13, the expected profit per application lot is approx ₹78,000 (+56.5% gain). Minimum application cost is approx ₹1,38,000.

What is the issue size and price band for Jiwanram Sheoduttrai Industries Limited IPO?

The Jiwanram Sheoduttrai Industries Limited IPO aggregate issue size is ₹17.07 Crores with an equity price band set at ₹23 to ₹23 per equity share. The retail lot size is 6000 shares requiring a minimum capital outlay of approx. ₹1,38,000.

How can I check Jiwanram Sheoduttrai Industries Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 108.38x (Retail: 151.47x, QIB: 0.00x, NII: 65.23x). You can track live multiples directly on our dedicated subscription page.

Where and when will Jiwanram Sheoduttrai Industries Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2023-09-14. Investors can verify status using PAN card or application number.

When is the listing date for Jiwanram Sheoduttrai Industries Limited IPO?

Jiwanram Sheoduttrai Industries Limited shares are scheduled to list on NSE on 2023-09-18.