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 Siddhika Coatings Limited IPO allotment date?

The basis of allotment for Siddhika Coatings Limited IPO is scheduled to be finalized on 5 Apr 2021.

Where can I check Siddhika Coatings Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Skyline Financial Services 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 6 Apr 2021.

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Grey Market Intelligence

Siddhika Coatings Limited

ListedSME

Materials & Chemicals · NSE

Incorporated in 2010, Siddhika Coatings Ltd is a key supplier of SK Kaken Ltd (Japan) products and specialist paints in India. As a strategic channel partner of SKK, the company provides architectural coatings supplies and application services, including interior and exterior surface coatings using organic, inorganic, and technical-grade functional pigments. It serves real estate developers, government and private entities, IT companies, hospitality leaders, business park developers, and prominent architects. Over the past three years, Siddhika Coatings has successfully completed 160+ projects across 11 states and operates through branches in Delhi, Haryana, Uttar Pradesh, Rajasthan, Himachal Pradesh, Karnataka, Tamil Nadu, Telangana, West Bengal, Gujarat, and Maharashtra.

Price Band

₹57

Issue Size

₹5.00 Cr

Lot Size

2000 shares

GMP

—

Est. Listing

₹57

at current GMP

Subscribed

—

Open

24 Mar 2021

26 Mar 2021

Allotment

5 Apr 2021

Refund

6 Apr 2021

Demat Credit

7 Apr 2021

Listing

7 Apr 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Siddhika Coatings Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

5 Apr 2021

Basis finalization

Refunds Initiate

6 Apr 2021

Mandate release

Demat Credit

7 Apr 2021

Shares in demat

Listing Debut

7 Apr 2021

Trading begins

About Siddhika Coatings Limited Public Issue & Market Profile

Siddhika Coatings Limited is bringing an initial public offering (IPO) in the Materials & Chemicals sector with an aggregate issue size of ₹5 Crores. The shares are offered at a price band of ₹57 to ₹57 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 2000 shares (approx. ₹1,14,000 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 Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-04-07, while un-allotted funds or UPI block mandates will be released on 2021-04-06.

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.

Siddhika Coatings Limited

Siddhika Coatings Limited Allotment Status

How to Check Siddhika Coatings Limited IPO Allotment Status

About Siddhika Coatings 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?