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 Krishca Strapping Solutions Limited IPO?

Krishca Strapping Solutions Limited IPO has received a total subscription of 384.29 times overall.

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Grey Market Intelligence

Krishca Strapping Solutions Limited

ListedSME

Manufacturing · NSE

Incorporated in 2017, Krishca Strapping Solutions Limited is a manufacturer and wholesaler of strapping tools and strapping seals. The company operates a manufacturing facility in Chennai with an annual capacity of 18,000 MT of steel straps and 80 million seals. Its product range includes PLC-controlled automatic production lines, automated heat treatment processes for uniform grain structure, and pollution-free, lead-free production. The steel straps meet American, European, and Indian standards, including IS 5872:1990, ASTM D-3953, and BS EN 13246:2001, and the company employs a team of 50 professionals.

Price Band

₹51 – ₹54

Issue Size

₹17.93 Cr

Lot Size

2000 shares

GMP

₹70

+129.6%

Est. Listing

₹124

at current GMP

Subscribed

384.29x

overall

Open

16 May 2023

19 May 2023

Allotment

24 May 2023

Refund

25 May 2023

Demat Credit

26 May 2023

Listing

29 May 2023

Last updated 12 months ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

384.29x

Total Demand

QIB Multiplier

72.19x

Institutions & Funds

NII / HNI

628.12x

High Net-Worth

Retail (RII)

457.83x

Individual Bidders

Category-Wise Subscription Breakup

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

Total 384.29x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	604,000	43,604,000	72.19x
NIB	454,000	285,168,000	628.12x
RETAIL	1,058,000	484,388,000	457.83x
Total	2,116,000	813,160,000	384.29x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 464.04x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	581	265,999	457.83x
HNIs (10L +)	4	2,512	628.12x
HNIs (2-10L)	18	11,306	628.12x
Total Applications	603	279,817	464.04x

Day-Wise Subscription Progress

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

About Krishca Strapping Solutions Limited Public Issue & Market Profile

Krishca Strapping Solutions Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹17.93 Crores. The shares are offered at a price band of ₹51 to ₹54 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

Following the close of bidding on 2023-05-19, the basis of allotment is scheduled to be finalized on 2023-05-24. 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 (Purva Sharegistry India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Krishca Strapping Solutions Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Krishca Strapping Solutions Limited IPO is ₹70 per equity share. Based on the upper price band of ₹51 to ₹54 per equity share, the estimated listing price is ₹124 (+129.6% expected listing gain).

What is the expected profit per lot for Krishca Strapping Solutions Limited IPO?

With a lot size of 2000 shares and current GMP of ₹70, the expected profit per application lot is approx ₹1,40,000 (+129.6% gain). Minimum application cost is approx ₹1,08,000.

What is the issue size and price band for Krishca Strapping Solutions Limited IPO?

The Krishca Strapping Solutions Limited IPO aggregate issue size is ₹17.93 Crores with an equity price band set at ₹51 to ₹54 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,08,000.

How can I check Krishca Strapping Solutions Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 384.29x (Retail: 457.83x, QIB: 72.19x, NII: 628.12x). You can track live multiples directly on our dedicated subscription page.

Where and when will Krishca Strapping Solutions Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Purva Sharegistry India Private Limited) and the BSE status verification website on or around 2023-05-24. Investors can verify status using PAN card or application number.

When is the listing date for Krishca Strapping Solutions Limited IPO?

Krishca Strapping Solutions Limited shares are scheduled to list on NSE on 2023-05-29.