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 Sigma Solve Limited IPO allotment date?

The basis of allotment for Sigma Solve Limited IPO is scheduled to be finalized on 15 Oct 2020.

Where can I check Sigma Solve Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime 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 16 Oct 2020.

IPO GreyPremiumLIVE

Grey Market Intelligence

Sigma Solve Limited

ListedSME

Technology / Information Technology Services · NSE

Sigma Solve Ltd, incorporated in 2010 and based in Ahmedabad, specializes in providing IT and IT-enabled services. Through its subsidiary, Sigma Solve Inc., the company offers software development, turnkey consultancy, web and e-commerce development, real-time application development, business intelligence analytics, digital marketing, CRM development, UI/UX design, and automation testing. With a strong global presence, Sigma Solve Ltd generates 100% of its revenue from exports, serving clients through its offices in the USA and Australia.

Price Band

₹45

Issue Size

₹5.00 Cr

Lot Size

3000 shares

GMP

—

Est. Listing

₹45

at current GMP

Subscribed

—

Open

29 Sep 2020

9 Oct 2020

Allotment

15 Oct 2020

Refund

16 Oct 2020

Demat Credit

17 Oct 2020

Listing

19 Oct 2020

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Sigma Solve Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

15 Oct 2020

Basis finalization

Refunds Initiate

16 Oct 2020

Mandate release

Demat Credit

17 Oct 2020

Shares in demat

Listing Debut

19 Oct 2020

Trading begins

About Sigma Solve Limited Public Issue & Market Profile

Sigma Solve Limited is bringing an initial public offering (IPO) in the Technology / Information Technology Services sector with an aggregate issue size of ₹5 Crores. The shares are offered at a price band of ₹45 to ₹45 per equity share on NSE. 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 2020-10-09, the basis of allotment is scheduled to be finalized on 2020-10-15. 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 (Link Intime 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.