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 current subscription status of Swastik Pipe Limited IPO?

Swastik Pipe Limited IPO has received a total subscription of 1.35 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

1.35x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 1.35x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	3,126,000	—	0.00x
Non-Institutional (NII / HNI)	937,800	—	0.00x
Retail Individual (RII)	2,188,200	—	0.00x
Total	6,252,000	0	1.35x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 1.35x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	1,824	2,462	1.35x
HNIs (10L +)	12	16	1.33x
HNIs (2-10L)	56	76	1.36x
Total Applications	1,892	2,554	1.35x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Swastik Pipe Limited IPO GMP today?

Currently, Swastik Pipe Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹100 to ₹100 per equity share.

What is the expected profit per lot for Swastik Pipe Limited IPO?

The retail lot size is 1200 shares requiring a minimum application amount of ₹1,20,000. Expected listing price is ₹100 per equity share.

What is the issue size and price band for Swastik Pipe Limited IPO?

The Swastik Pipe Limited IPO aggregate issue size is ₹62.52 Crores with an equity price band set at ₹100 to ₹100 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,20,000.

How can I check Swastik Pipe Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.35x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Swastik Pipe Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2022-10-07. Investors can verify status using PAN card or application number.

When is the listing date for Swastik Pipe Limited IPO?

Swastik Pipe Limited shares are scheduled to list on NSE on 2022-10-11.