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 Steelman Telecom Limited IPO allotment date?

The basis of allotment for Steelman Telecom Limited IPO is scheduled to be finalized on 7 Oct 2022.

Where can I check Steelman Telecom 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 8 Oct 2022.

IPO GreyPremiumLIVE

Grey Market Intelligence

Steelman Telecom Limited

ListedSME

Information Technology / Telecom Services · BSE

Incorporated in 2013, Steelman Telecom Limited provides support services and solutions for the telecom industry, addressing network requirements through network survey and planning, installation and commissioning, network testing and optimization, network solutions, and managed services for maintenance. Headquartered in Kolkata, the company also operates branch offices in Bhubaneswar and Gurgaon. Its service offerings include telecom implementation, radio frequency services, engineering procurement construction management (EPCM), managed services, operations and maintenance, payroll and resource management, and new generation technology solutions.

Price Band

₹96

Issue Size

₹26.02 Cr

Lot Size

1200 shares

GMP

₹53

+55.2%

Est. Listing

₹149

at current GMP

Subscribed

22.40x

overall

Open

26 Sep 2022

3 Oct 2022

Allotment

7 Oct 2022

Refund

8 Oct 2022

Demat Credit

9 Oct 2022

Listing

10 Oct 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Steelman Telecom Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

7 Oct 2022

Basis finalization

Refunds Initiate

8 Oct 2022

Mandate release

Demat Credit

9 Oct 2022

Shares in demat

Listing Debut

10 Oct 2022

Trading begins

About Steelman Telecom Limited Public Issue & Market Profile

Steelman Telecom Limited is bringing an initial public offering (IPO) in the Information Technology / Telecom Services sector with an aggregate issue size of ₹26.02 Crores. The shares are offered at a price band of ₹96 to ₹96 per equity share on BSE. 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 1200 shares (approx. ₹1,15,200 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 2022-10-09, while un-allotted funds or UPI block mandates will be released on 2022-10-08.

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.