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.

What is the price band for Suratwwala Business Group Limited IPO?

The price band for Suratwwala Business Group Limited IPO is set at ₹15 to ₹15 per equity share with a minimum lot size of 8000 shares.

When does Suratwwala Business Group Limited IPO open and close?

The Suratwwala Business Group Limited IPO opens on 2020-08-03 and closes on 2020-08-05. The allotment date is 2020-08-11 and the listing date is 2020-08-13.

What is the current GMP of Suratwwala Business Group Limited IPO?

The current grey market premium (GMP) for Suratwwala Business Group Limited IPO is ₹0, implying an estimated listing price of ₹15 (0% gain over the upper price band).

How do I check Suratwwala Business Group Limited IPO allotment status?

You can check the allotment status on the registrar's official portal (Link Intime India Private Limited) or through the BSE/NSE allotment websites once the basis of allotment is finalized.

Suratwwala Business Group Limited

ListedSME

Real Estate / Constructio · BSE

Suratwwala Business Group Ltd, incorporated in 2008, is a real estate development company operating mainly in Pune district, with a focus on commercial and residential projects. The company is engaged in developing, selling, and maintaining properties, and also earns income by renting out spaces on buildings and unsold areas for banners, hoardings, and telecom towers for fixed periods. It has completed a residential project comprising 16 one-bedroom apartments and a commercial project named Suratwwala Mark Plazzo Phase I, and is currently developing Phase II of the commercial project. A major share of its revenue is generated from real estate development activities across affordable and premium housing segments, while additional income comes from maintenance services charged to property owners within its projects.

Price Band

₹15

Issue Size

₹7.00 Cr

Lot Size

8000 shares

GMP

—

Est. Listing

₹15

at current GMP

Subscribed

—

Open

3 Aug 2020

5 Aug 2020

Allotment

11 Aug 2020

Refund

12 Aug 2020

Demat Credit

13 Aug 2020

Listing

13 Aug 2020

Last updated 12 days ago

Overview GMP Subscription Financials IPO Details Company Promoters Objects Peers Documents Allotment FAQs

Key Highlights

•Leading player in the Real Estate / Constructio segment
•Price band established at ₹15 - ₹15 per equity share
•Minimum bid lot is 8000 shares
•Estimated listing target of ₹15 based on current grey market activity