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 SP Refactories Limited IPO allotment date?

The basis of allotment for SP Refactories Limited IPO is scheduled to be finalized on 16 Mar 2022.

Where can I check SP Refactories Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare 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 17 Mar 2022.

IPO GreyPremiumLIVE

Grey Market Intelligence

SP Refactories Limited

ListedSME

Industrials · NSE

SP Refractories Ltd manufactures and supplies refractory materials, primarily focusing on refractory cement made from hydrated lime, calcined alumina, and other raw materials. The cement, known for its high thermal conductivity, strength, and heat resistance, is widely used in the steel and construction industries. The company procures clinkers externally, which are then crushed, blended, and packed into powder form at its manufacturing facility in Hingna, Nagpur, with an annual clinker manufacturing capacity of 4,000 MT and a crushing capacity of 6,000 MT.

Price Band

₹90

Issue Size

₹4.92 Cr

Lot Size

1600 shares

GMP

—

Est. Listing

₹90

at current GMP

Subscribed

—

Open

9 Mar 2022

11 Mar 2022

Allotment

16 Mar 2022

Refund

17 Mar 2022

Demat Credit

18 Mar 2022

Listing

22 Mar 2022

Last updated 11 months ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

SP Refactories Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

16 Mar 2022

Basis finalization

Refunds Initiate

17 Mar 2022

Mandate release

Demat Credit

18 Mar 2022

Shares in demat

Listing Debut

22 Mar 2022

Trading begins

About SP Refactories Limited Public Issue & Market Profile

SP Refactories Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹4.92 Crores. The shares are offered at a price band of ₹90 to ₹90 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 1600 shares (approx. ₹1,44,000 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 Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-03-18, while un-allotted funds or UPI block mandates will be released on 2022-03-17.

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.