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 Parshva Enterprises Limited IPO allotment date?

The basis of allotment for Parshva Enterprises Limited IPO is scheduled to be finalized on 27 Jun 2019.

Where can I check Parshva Enterprises Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare 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 28 Jun 2019.

IPO GreyPremiumLIVE

Grey Market Intelligence

Parshva Enterprises Limited

ListedSME

Industrials · BSE

Incorporated in 2017, Mumbai-based Parshva Enterprises Limited is engaged in the trading and wholesale business of cut and polished diamonds as well as gold jewellery. The company deals in diamonds of various categories based on fancy colour, size, shape, and cut, including princess-cut and heart-cut, with pricing determined by the quality of the cut; some diamonds are GIA certified. In the gold jewellery segment, it sells necklaces, bangles, earrings, pendants, and chains, both studded and non-studded with stones, diamonds, and pearls, catering primarily to domestic clients. Besides its core business, Parshva Enterprises also invests in real estate properties in Gujarat and Mumbai, generating trading gains, and operates in real estate broking, facilitating the buying and selling of apartments and properties.

Price Band

₹45

Issue Size

₹4.00 Cr

Lot Size

3000 shares

GMP

—

Est. Listing

₹45

at current GMP

Subscribed

—

Open

19 Jun 2019

21 Jun 2019

Allotment

27 Jun 2019

Refund

28 Jun 2019

Demat Credit

29 Jun 2019

Listing

1 Jul 2019

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Parshva Enterprises Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

27 Jun 2019

Basis finalization

Refunds Initiate

28 Jun 2019

Mandate release

Demat Credit

29 Jun 2019

Shares in demat

Listing Debut

1 Jul 2019

Trading begins

About Parshva Enterprises Limited Public Issue & Market Profile

Parshva Enterprises Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹4 Crores. The shares are offered at a price band of ₹45 to ₹45 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 2019-06-21, the basis of allotment is scheduled to be finalized on 2019-06-27. 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 (Bigshare 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.