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 Sahana System Limited IPO allotment date?

The basis of allotment for Sahana System Limited IPO is scheduled to be finalized on 7 Jun 2023.

Where can I check Sahana System Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Purva Sharegistry 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 8 Jun 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Sahana System Limited

ListedSME

Information Technology · NSE

Incorporated in 2020, Sahana System Limited is engaged in providing a wide range of IT services including web and mobile app development, AI and ML solutions, chatbot development, and product prototyping. The company also offers UI/UX design, graphic designing, SEO, ASO, digital marketing, cybersecurity, and IT outsourcing services. Certified with CMMI Maturity Level 3 and ISO 9001:2015 & ISO/IEC 27001:2013 accreditations, Sahana System is recognized as a startup by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, with recognition valid for 10 years from incorporation.

Price Band

₹132 – ₹135

Issue Size

₹32.74 Cr

Lot Size

1000 shares

GMP

₹20

+14.8%

Est. Listing

₹155

at current GMP

Subscribed

10.01x

overall

Open

31 May 2023

2 Jun 2023

Allotment

7 Jun 2023

Refund

8 Jun 2023

Demat Credit

9 Jun 2023

Listing

12 Jun 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Sahana System Limited Allotment Status

Designated Registrar: Purva Sharegistry India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

7 Jun 2023

Basis finalization

Refunds Initiate

8 Jun 2023

Mandate release

Demat Credit

9 Jun 2023

Shares in demat

Listing Debut

12 Jun 2023

Trading begins

About Sahana System Limited Public Issue & Market Profile

Sahana System Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹32.74 Crores. The shares are offered at a price band of ₹132 to ₹135 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 1000 shares (approx. ₹1,35,000 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 Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-06-09, while un-allotted funds or UPI block mandates will be released on 2023-06-08.

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.