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 Rite Zone Chemcon India Limited IPO allotment date?

The basis of allotment for Rite Zone Chemcon India Limited IPO is scheduled to be finalized on 9 Nov 2022.

Where can I check Rite Zone Chemcon India Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Skyline Financial Services Private Ltd) 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 10 Nov 2022.

IPO GreyPremiumLIVE

Grey Market Intelligence

Rite Zone Chemcon India Limited

ListedSME

Emerging SME Services · NSE

Incorporated in 2015, Rite Zone Chemcon India Limited specializes in construction chemicals and concrete products, offering comprehensive solutions for civil construction, infrastructure, and building projects. The company's product range includes **Concrete Admixture, Waterproofing Systems, Concrete Lubricators, Engineering Grouts, Industrial Flooring, Concrete Repairs, Curing Compounds & Mould Release Agents, Surface Treatment, and Tiling & Block Products.** Rite Zone Chemcon India Limited outsources the production of its chemical products to third-party manufacturers and has also partnered with concrete manufacturers in Maharashtra for concrete production.

Price Band

₹75

Issue Size

₹8.96 Cr

Lot Size

1600 shares

GMP

₹4

+5.3%

Est. Listing

₹79

at current GMP

Subscribed

4.73x

overall

Open

31 Oct 2022

2 Nov 2022

Allotment

9 Nov 2022

Refund

10 Nov 2022

Demat Credit

11 Nov 2022

Listing

11 Nov 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Rite Zone Chemcon India Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Ltd

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

9 Nov 2022

Basis finalization

Refunds Initiate

10 Nov 2022

Mandate release

Demat Credit

11 Nov 2022

Shares in demat

Listing Debut

11 Nov 2022

Trading begins

About Rite Zone Chemcon India Limited Public Issue & Market Profile

Rite Zone Chemcon India Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹8.96 Crores. The shares are offered at a price band of ₹75 to ₹75 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 1600 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 Skyline Financial Services Private Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-11-11, while un-allotted funds or UPI block mandates will be released on 2022-11-10.

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.

Rite Zone Chemcon India Limited

Rite Zone Chemcon India Limited Allotment Status

How to Check Rite Zone Chemcon India Limited IPO Allotment Status

About Rite Zone Chemcon India Limited Public Issue & Market Profile

Frequently Asked Questions

What if my name is not showing on the registrar portal?

How will I receive the refund if I don't get allotment?