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.

What is the current subscription status of Shanti Spintex Limited IPO?

Shanti Spintex Limited IPO has received a total subscription of 19.22 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Shanti Spintex Limited

ListedSME

Emerging SME Services · BSE

Incorporated in 2010, Shanti Spintex Limited is engaged in manufacturing and selling denim fabrics. The company produces different types of denim such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, overdyed denim and flat-finished 3/1 denim. These fabrics are offered in various shades like Indigo Blue, Sulfur Black, Halogen Blue and Ecru, in different weights and widths. Shanti Spintex also manufactures grey fabrics in multiple weave patterns including twill, knit dobby, structure dobby and satin weave. The company’s manufacturing facility is located in Ahmedabad, Gujarat, and has 96 airjet weaving machines with large production capacity.

Price Band

₹66 – ₹70

Issue Size

₹31.25 Cr

Lot Size

2000 shares

GMP

₹15

+21.4%

Est. Listing

₹85

at current GMP

Subscribed

19.22x

overall

Open

19 Dec 2023

21 Dec 2023

Allotment

23 Dec 2023

Refund

24 Dec 2023

Demat Credit

25 Dec 2023

Listing

27 Dec 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

19.22x

Total Demand

QIB Multiplier

5.73x

Institutions & Funds

NII / HNI

57.64x

High Net-Worth

Retail (RII)

22.01x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 19.22x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	2,120,000	12,158,000	5.73x
NIB	636,000	36,656,000	57.64x
RETAIL	1,484,000	32,670,000	22.01x
Total	4,240,000	81,484,000	19.22x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 23.29x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	781	17,190	22.01x
HNIs (10L +)	5	288	57.64x
HNIs (2-10L)	24	1,383	57.64x
Total Applications	810	18,861	23.29x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Shanti Spintex Limited Public Issue & Market Profile

Shanti Spintex Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹31.25 Crores. The shares are offered at a price band of ₹66 to ₹70 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Bidding & Quota Instructions:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,40,000 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.

Allotment Reconciliation Schedule:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-25, while un-allotted funds or UPI block mandates will be released on 2023-12-24.

Frequently Asked Questions

What is Shanti Spintex Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Shanti Spintex Limited IPO is ₹15 per equity share. Based on the upper price band of ₹66 to ₹70 per equity share, the estimated listing price is ₹85 (+21.4% expected listing gain).

What is the expected profit per lot for Shanti Spintex Limited IPO?

With a lot size of 2000 shares and current GMP of ₹15, the expected profit per application lot is approx ₹30,000 (+21.4% gain). Minimum application cost is approx ₹1,40,000.

What is the issue size and price band for Shanti Spintex Limited IPO?

The Shanti Spintex Limited IPO aggregate issue size is ₹31.25 Crores with an equity price band set at ₹66 to ₹70 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,40,000.

How can I check Shanti Spintex Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 19.22x (Retail: 22.01x, QIB: 5.73x, NII: 57.64x). You can track live multiples directly on our dedicated subscription page.

Where and when will Shanti Spintex Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2023-12-23. Investors can verify status using PAN card or application number.

When is the listing date for Shanti Spintex Limited IPO?

Shanti Spintex Limited shares are scheduled to list on BSE on 2023-12-27.