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 Shri Venkatesh Refineries Limited IPO allotment date?

The basis of allotment for Shri Venkatesh Refineries Limited IPO is scheduled to be finalized on 6 Oct 2021.

Where can I check Shri Venkatesh Refineries 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 7 Oct 2021.

IPO GreyPremiumLIVE

Grey Market Intelligence

Shri Venkatesh Refineries Limited

ListedSME

Consumer Staples · BSE

Incorporated in 2003, Shri Venkatesh Refineries is a growing edible oil refining company in Maharashtra operating under the brand name Rich Soya. The company focuses on refining and preserving edible oils such as soybean and cottonseed oil, with a total refining capacity of 36,000 tons, and is also involved in trading soybean, palm, cottonseed, and sunflower oils. It aims to build Rich Soya as a trusted edible oil brand by offering quality products at affordable prices and operates a manufacturing facility in Jalgaon, Maharashtra with a storage capacity of 6,000 MT.

Price Band

₹40

Issue Size

₹12.00 Cr

Lot Size

3000 shares

GMP

—

Est. Listing

₹40

at current GMP

Subscribed

—

Open

29 Sep 2021

1 Oct 2021

Allotment

6 Oct 2021

Refund

7 Oct 2021

Demat Credit

8 Oct 2021

Listing

11 Oct 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Shri Venkatesh Refineries Limited Allotment Status

Designated Registrar: Purva Sharegistry India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

6 Oct 2021

Basis finalization

Refunds Initiate

7 Oct 2021

Mandate release

Demat Credit

8 Oct 2021

Shares in demat

Listing Debut

11 Oct 2021

Trading begins

About Shri Venkatesh Refineries Limited Public Issue & Market Profile

Shri Venkatesh Refineries Limited is bringing an initial public offering (IPO) in the Consumer Staples sector with an aggregate issue size of ₹12 Crores. The shares are offered at a price band of ₹40 to ₹40 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2021-10-01, the basis of allotment is scheduled to be finalized on 2021-10-06. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Purva Sharegistry India Private Limited) or the BSE allotment checking window.

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.