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 Organic Recycling Systems Limited IPO allotment date?

The basis of allotment for Organic Recycling Systems Limited IPO is scheduled to be finalized on 28 Sep 2023.

Where can I check Organic Recycling Systems Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Maashitla Securities 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 29 Sep 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Organic Recycling Systems Limited

ListedSME

Waste Management & Environmental Services · BSE

Incorporated in 2008, Organic Recycling Systems Limited (ORS) is an engineering company that provides sustainable waste management solutions. The company operates under BOOT, EPC, and Key Equipment supply models. ORS offers EPC services, commissioning, consulting, advisory, and lab services in the waste management sector. The company has set up an MSW processing plant in Solapur that converts solid waste into electricity and compost, using its patented DRYAD dry anaerobic digestion technology which can treat multiple types of waste.

Price Band

₹200

Issue Size

₹50.00 Cr

Lot Size

600 shares

GMP

₹16

+8.0%

Est. Listing

₹216

at current GMP

Subscribed

3.30x

overall

Open

21 Sep 2023

26 Sep 2023

Allotment

28 Sep 2023

Refund

29 Sep 2023

Demat Credit

30 Sep 2023

Listing

6 Oct 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Organic Recycling Systems Limited Allotment Status

Designated Registrar: Maashitla Securities Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

28 Sep 2023

Basis finalization

Refunds Initiate

29 Sep 2023

Mandate release

Demat Credit

30 Sep 2023

Shares in demat

Listing Debut

6 Oct 2023

Trading begins

About Organic Recycling Systems Limited Public Issue & Market Profile

Organic Recycling Systems Limited is bringing an initial public offering (IPO) in the Waste Management & Environmental Services sector with an aggregate issue size of ₹50 Crores. The shares are offered at a price band of ₹200 to ₹200 per equity share on BSE. 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 600 shares (approx. ₹1,20,000 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 Maashitla Securities Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-09-30, while un-allotted funds or UPI block mandates will be released on 2023-09-29.

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.