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 Rex Pipes and Cables Industries Limited IPO allotment date?

The basis of allotment for Rex Pipes and Cables Industries Limited IPO is scheduled to be finalized on 5 Aug 2021.

Where can I check Rex Pipes and Cables Industries Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Kfin Technologies 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 6 Aug 2021.

IPO GreyPremiumLIVE

Grey Market Intelligence

Rex Pipes and Cables Industries Limited

ListedSME

Industrials / Materials · NSE

Incorporated in 2002, Rex Pipes and Cables Industries Ltd is engaged in the manufacturing and trading of PVC and HDPE pipes, cables, and fittings under the "Rex" brand. Its product range includes flat cables, flexible home wires, sprinklers, and industrial pipes used across agriculture, power, construction, and engineering sectors. The company operates state-of-the-art manufacturing facilities in Sikar and also manufactures and fabricates bus bodies under the "Rex Coaches" brand, with an annual capacity of 600 buses, offering city buses, school buses, intercity coaches, executive buses, and commercial trucks.

Price Band

₹26

Issue Size

₹6.00 Cr

Lot Size

4000 shares

GMP

—

Est. Listing

₹26

at current GMP

Subscribed

—

Open

28 Jul 2021

2 Aug 2021

Allotment

5 Aug 2021

Refund

6 Aug 2021

Demat Credit

7 Aug 2021

Listing

10 Aug 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Rex Pipes and Cables Industries Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

5 Aug 2021

Basis finalization

Refunds Initiate

6 Aug 2021

Mandate release

Demat Credit

7 Aug 2021

Shares in demat

Listing Debut

10 Aug 2021

Trading begins

About Rex Pipes and Cables Industries Limited Public Issue & Market Profile

Rex Pipes and Cables Industries Limited is bringing an initial public offering (IPO) in the Industrials / Materials sector with an aggregate issue size of ₹6 Crores. The shares are offered at a price band of ₹26 to ₹26 per equity share on NSE. 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 4000 shares (approx. ₹1,04,000 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 Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-08-07, while un-allotted funds or UPI block mandates will be released on 2021-08-06.

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.