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 Nupur Recyclers Limited IPO allotment date?

The basis of allotment for Nupur Recyclers Limited IPO is scheduled to be finalized on 21 Dec 2021.

Where can I check Nupur Recyclers Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Skyline Financial Services 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 22 Dec 2021.

Nupur Recyclers Limited

ListedMainboard

Industrials · NSE

Nupur Recyclers specializes in metal scrap processing and recycling, focusing on the import, manufacturing, and trading of non-ferrous metal scraps such as shredded zinc scrap, zinc die-cast scrap, zurik stainless steel scrap, and aluminum zorba grades. The company plays a crucial role in the metal scrap supply chain by sourcing materials from various international suppliers and distributing them to customers in the metal industry. Expanding its business, Nupur Recyclers has ventured into the installation of EV charging stations in the Delhi NCR region in collaboration with EVi Tech. Additionally, the company is involved in the extraction of valuable materials like lithium-ion, cobalt, and black mass from used mobile phone batteries, repurposing them for refurbishments. The company's primary revenue stream comes from its Zurik products.

Price Band

₹60

Issue Size

₹34.20 Cr

Lot Size

2000 shares

GMP

—

Est. Listing

₹60

at current GMP

Subscribed

—

Open

13 Dec 2021

15 Dec 2021

Allotment

21 Dec 2021

Refund

22 Dec 2021

Demat Credit

23 Dec 2021

Listing

23 Dec 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Nupur Recyclers Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

21 Dec 2021

Basis finalization

Refunds Initiate

22 Dec 2021

Mandate release

Demat Credit

23 Dec 2021

Shares in demat

Listing Debut

23 Dec 2021

Trading begins

How to Check Nupur Recyclers Limited IPO Allotment Status

Click the Check on Registrar button above to visit Skyline Financial Services Private Limited's allotment portal.
Select Nupur Recyclers 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 Nupur Recyclers Limited Public Issue & Market Profile

Nupur Recyclers Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹34.2 Crores. The shares are offered at a price band of ₹60 to ₹60 per equity share on NSE. 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 2021-12-15, the basis of allotment is scheduled to be finalized on 2021-12-21. 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 (Skyline Financial Services 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.