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 Kody Technolab Limited IPO allotment date?

The basis of allotment for Kody Technolab Limited IPO is scheduled to be finalized on 23 Sep 2023.

Where can I check Kody Technolab 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 24 Sep 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Kody Technolab Limited

ListedSME

Information Technology & Software Services · NSE

Kody Technolab Limited, incorporated in 2017, provides software development and IT services across industries, including Staff Augmentation, ML and AR Development, Enterprise Mobility, CX Strategy, Digital Transformation, Business Analytics, AI & Robotics, IoT services, and Mobile & Web App Development. As of June 2023, the company has over 106 employees, including developers, designers, project managers, and QA specialists. For the year ended March 31, 2023, Kody Technolab reported an income of Rs. 1,109.10 Lakhs and a profit after tax of Rs. 318.09 Lakhs, compared to Rs. 384.20 Lakhs income and Rs. 62.13 Lakhs profit in FY22, and Rs. 248.16 Lakhs income with a Rs. (10.80) Lakhs loss in FY21.

Price Band

₹160

Issue Size

₹27.52 Cr

Lot Size

800 shares

GMP

₹25

+15.6%

Est. Listing

₹185

at current GMP

Subscribed

47.41x

overall

Open

15 Sep 2023

20 Sep 2023

Allotment

23 Sep 2023

Refund

24 Sep 2023

Demat Credit

25 Sep 2023

Listing

27 Sep 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Kody Technolab Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

23 Sep 2023

Basis finalization

Refunds Initiate

24 Sep 2023

Mandate release

Demat Credit

25 Sep 2023

Shares in demat

Listing Debut

27 Sep 2023

Trading begins

About Kody Technolab Limited Public Issue & Market Profile

Kody Technolab Limited is bringing an initial public offering (IPO) in the Information Technology & Software Services sector with an aggregate issue size of ₹27.52 Crores. The shares are offered at a price band of ₹160 to ₹160 per equity share on NSE. 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. ₹1,28,000 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 2023-09-25, while un-allotted funds or UPI block mandates will be released on 2023-09-24.

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.