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 Plada Infotech Services Limited IPO allotment date?

The basis of allotment for Plada Infotech Services Limited IPO is scheduled to be finalized on 10 Oct 2023.

Where can I check Plada Infotech Services 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 11 Oct 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Plada Infotech Services Limited

ListedSME

Emerging SME Services · NSE

Incorporated in 2010, Plada Infotech Services Limited is a Business Process Outsourcing (BPO) company offering end-to-end solutions across merchant acquisition, field support, recruitment and payroll management, account management, and software services. The company provides merchant onboarding for banks, NBFCs, and startups, including engagement, documentation, training, and application processing. Its field support team manages installation, maintenance, and customer relationships, while payroll services are delivered via the Kundali platform. Plada operates 12 offices across India, employs over 1,400 staff, and also provides services remotely to additional cities.

Price Band

₹48

Issue Size

₹12.36 Cr

Lot Size

3000 shares

GMP

₹12

+25.0%

Est. Listing

₹60

at current GMP

Subscribed

56.85x

overall

Open

29 Sep 2023

5 Oct 2023

Allotment

10 Oct 2023

Refund

11 Oct 2023

Demat Credit

12 Oct 2023

Listing

13 Oct 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Plada Infotech Services Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

10 Oct 2023

Basis finalization

Refunds Initiate

11 Oct 2023

Mandate release

Demat Credit

12 Oct 2023

Shares in demat

Listing Debut

13 Oct 2023

Trading begins

About Plada Infotech Services Limited Public Issue & Market Profile

Plada Infotech Services Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹12.36 Crores. The shares are offered at a price band of ₹48 to ₹48 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,44,000 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 Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-10-12, while un-allotted funds or UPI block mandates will be released on 2023-10-11.

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.