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 Swastik Pipe Limited IPO allotment date?

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

Where can I check Swastik Pipe 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 8 Oct 2022.

Swastik Pipe Limited

ListedSME

Capital Goods / Industrial Manufacturing · NSE

Incorporated in 1973, Swastik Pipe Limited is a manufacturer and exporter of Mild Steel/Carbon Steel ERW black and galvanized pipes, hollow steel pipes, API pipes, stainless steel tubes, cold-rolled steel strips/coils, swaged tubular poles, and solar structures. The company operates two plants—Unit 1 in Bahadurgarh, Haryana, and Unit 2 in Kotwan, Mathura, Uttar Pradesh—with a combined installed capacity of 2,01,250 MT. Swastik Pipe has diversified into producing solar module mounting structures, transmission towers, steel tubular poles, and specialized solar poles for railways, scaffolding, and formwork. Serving heavy engineering industries in India and abroad, its key customers include HPSCSC Shimla, Emanate Pipe Private Limited, Vindhya Telelinks Limited, Harsh Steel Pipes, and Super Star Steels Pvt. Ltd.

Price Band

₹100

Issue Size

₹62.52 Cr

Lot Size

1200 shares

GMP

—

Est. Listing

₹100

at current GMP

Subscribed

1.35x

overall

Open

29 Sep 2022

3 Oct 2022

Allotment

7 Oct 2022

Refund

8 Oct 2022

Demat Credit

9 Oct 2022

Listing

11 Oct 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Swastik Pipe Limited Allotment Status

Designated Registrar: Skyline Financial 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

11 Oct 2022

Trading begins

How to Check Swastik Pipe Limited IPO Allotment Status

Click the Check on Registrar button above to visit Skyline Financial Services Private Limited's allotment portal.
Select Swastik Pipe Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Swastik Pipe Limited Public Issue & Market Profile

Swastik Pipe Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrial Manufacturing sector with an aggregate issue size of ₹62.52 Crores. The shares are offered at a price band of ₹100 to ₹100 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 1200 shares (approx. ₹1,20,000 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 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.