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 Richa Info Systems Limited IPO allotment date?

The basis of allotment for Richa Info Systems Limited IPO is scheduled to be finalized on 16 Feb 2022.

Where can I check Richa Info Systems Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India 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 17 Feb 2022.

IPO GreyPremiumLIVE

Grey Market Intelligence

Richa Info Systems Limited

ListedSME

Information Technology · NSE

Richa Info Systems, incorporated in 2010, specializes in assembling and integrating innovative products and systems, offering solutions such as Interactive Flat Panels, Interactive Boards, Digital Podiums, Digital Kiosks, and CCTV Cameras. The company imports raw materials from China and assembles semi-finished products in-house, with an 80:20 ratio of in-house assembling to outsourcing. Operating manually without its own plant or machinery, Richa Info Systems customizes and installs software as per client requirements, serving primarily in the product assembly and service industry.

Price Band

₹125

Issue Size

₹10.00 Cr

Lot Size

1000 shares

GMP

—

Est. Listing

₹125

at current GMP

Subscribed

—

Open

9 Feb 2022

11 Feb 2022

Allotment

16 Feb 2022

Refund

17 Feb 2022

Demat Credit

18 Feb 2022

Listing

21 Feb 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Richa Info Systems Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

16 Feb 2022

Basis finalization

Refunds Initiate

17 Feb 2022

Mandate release

Demat Credit

18 Feb 2022

Shares in demat

Listing Debut

21 Feb 2022

Trading begins

About Richa Info Systems Limited Public Issue & Market Profile

Richa Info Systems Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹10 Crores. The shares are offered at a price band of ₹125 to ₹125 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 1000 shares (approx. ₹1,25,000 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 Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-02-18, while un-allotted funds or UPI block mandates will be released on 2022-02-17.

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.