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 Kesar India Limited IPO allotment date?

The basis of allotment for Kesar India Limited IPO is scheduled to be finalized on 8 Jul 2022.

Where can I check Kesar India Limited IPO allotment status?

You can check your allotment status on the official registrar portal (KFin Technologies Limited) 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 9 Jul 2022.

IPO GreyPremiumLIVE

Grey Market Intelligence

Kesar India Limited

ListedSME

Real Estate / Construction · BSE

Kesar India Limited focuses on developing and constructing residential, commercial, and industrial buildings, including factories and workshops, marketed under the brand "Kesar Lands." As of December 31, 2021, the company holds a land reserve of 123.70 lakh square feet and has completed projects such as Kesar Vihar, Kesar Shree, Kesar Garden, and Kesar Signature. Its ongoing project is Kesar Gateway, with upcoming developments including Kesar Forest, Kesar Exotica, Kesar Tower, Kesar Hills, and Kesar Imperial.

Price Band

₹170

Issue Size

₹15.82 Cr

Lot Size

800 shares

GMP

—

Est. Listing

₹170

at current GMP

Subscribed

1.77x

overall

Open

30 Jun 2022

4 Jul 2022

Allotment

8 Jul 2022

Refund

9 Jul 2022

Demat Credit

10 Jul 2022

Listing

12 Jul 2022

Last updated 11 months ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Kesar India Limited Allotment Status

Designated Registrar: KFin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

8 Jul 2022

Basis finalization

Refunds Initiate

9 Jul 2022

Mandate release

Demat Credit

10 Jul 2022

Shares in demat

Listing Debut

12 Jul 2022

Trading begins

About Kesar India Limited Public Issue & Market Profile

Kesar India Limited is bringing an initial public offering (IPO) in the Real Estate / Construction sector with an aggregate issue size of ₹15.82 Crores. The shares are offered at a price band of ₹170 to ₹170 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 800 shares (approx. ₹1,36,000 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 KFin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-07-10, while un-allotted funds or UPI block mandates will be released on 2022-07-09.

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.