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 Kranti Industries Limited IPO allotment date?

The basis of allotment for Kranti Industries Limited IPO is scheduled to be finalized on 26 Feb 2019.

Where can I check Kranti Industries Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private 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 27 Feb 2019.

Kranti Industries Limited

ListedSME

Industrials · BSE

Incorporated in 1995, Pune-based Kranti Industries Limited manufactures and supplies precision machined components for both automotive and non-automotive sectors. The company produces automotive components ranging from 100 mm to 1200 mm, along with customized products for OEMs across passenger cars, electric vehicles, two-wheelers, tractors, construction machinery, off-highway vehicles, heavy trucks, and railways. Over the years, Kranti Industries has diversified into sectors including commercial vehicles, pneumatic tools, windmills, and medical equipment. Its key clients include Graziano Transmission India, John Deere India, CNH Industrial India, Carraro India, Jaya Hind Industries, Endurance Technologies, Neosym Industry, and Meltwel Scrap Traders. The company operates two manufacturing facilities in Pune, Maharashtra, employs 155 people (including temporary workers), and had an order book of approximately Rs. 660.34 lakhs as of November 30, 2018.

Price Band

₹37

Issue Size

₹9.00 Cr

Lot Size

3000 shares

GMP

—

Est. Listing

₹37

at current GMP

Subscribed

—

Open

14 Feb 2019

20 Feb 2019

Allotment

26 Feb 2019

Refund

27 Feb 2019

Demat Credit

28 Feb 2019

Listing

28 Feb 2019

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Kranti Industries Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

26 Feb 2019

Basis finalization

Refunds Initiate

27 Feb 2019

Mandate release

Demat Credit

28 Feb 2019

Shares in demat

Listing Debut

28 Feb 2019

Trading begins

How to Check Kranti Industries Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Kranti Industries 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 Kranti Industries Limited Public Issue & Market Profile

Kranti Industries Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹9 Crores. The shares are offered at a price band of ₹37 to ₹37 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2019-02-20, the basis of allotment is scheduled to be finalized on 2019-02-26. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

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.