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 MAFIA TRENDS LIMITED IPO allotment date?

The basis of allotment for MAFIA TRENDS LIMITED IPO is scheduled to be finalized on 3 Oct 2022.

Where can I check MAFIA TRENDS 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 4 Oct 2022.

IPO GreyPremiumLIVE

Grey Market Intelligence

MAFIA TRENDS LIMITED

ListedSME

Consumer Services / E-Commerce & Retail · BSE

Incorporated in 2017, Mafia Trends Limited is engaged in marketing and selling men’s fashion, including apparel such as jeans, t-shirts, shirts, chinos, formal trousers, and formal shirts. The brand focuses on providing affordable yet premium outfits based on the concept of ‘Value Retailing,’ aiming to deliver the latest fashion trends with a particular focus on the youth and young generation. The company reported total revenues of Rs. 400.80 lakhs for FY 2020-21 and Rs. 620.16 lakhs for the period from April 1, 2021, to January 31, 2022.

Price Band

₹28

Issue Size

₹3.60 Cr

Lot Size

4000 shares

GMP

₹3

+10.7%

Est. Listing

₹31

at current GMP

Subscribed

4.94x

overall

Open

22 Sep 2022

27 Sep 2022

Allotment

3 Oct 2022

Refund

4 Oct 2022

Demat Credit

5 Oct 2022

Listing

6 Oct 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

MAFIA TRENDS LIMITED Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

3 Oct 2022

Basis finalization

Refunds Initiate

4 Oct 2022

Mandate release

Demat Credit

5 Oct 2022

Shares in demat

Listing Debut

6 Oct 2022

Trading begins

About MAFIA TRENDS LIMITED Public Issue & Market Profile

MAFIA TRENDS LIMITED is bringing an initial public offering (IPO) in the Consumer Services / E-Commerce & Retail sector with an aggregate issue size of ₹3.6 Crores. The shares are offered at a price band of ₹28 to ₹28 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

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 2022-09-27, the basis of allotment is scheduled to be finalized on 2022-10-03. 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.