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 Transteel Seating Technologies Limited IPO?

Transteel Seating Technologies Limited IPO has received a total subscription of 49.37 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Transteel Seating Technologies Limited

ListedSME

Emerging SME Services · NSE

Incorporated in February 1995, Transteel is a furniture company with over 20 years of experience serving corporate and B2B clients. Its manufacturing unit is located in Yeshwanthpur, Bangalore, Karnataka. The company focuses strongly on customer satisfaction and believes that the customer journey starts from the moment they visit the website until the furniture is delivered. Transteel aims to provide a smooth experience with easy website navigation, clear product information, a simple buying process, and timely delivery to ensure customers receive exceptional service at every step.

Price Band

₹67 – ₹70

Issue Size

₹49.98 Cr

Lot Size

2000 shares

GMP

₹13

+18.6%

Est. Listing

₹83

at current GMP

Subscribed

49.37x

overall

Open

30 Oct 2023

1 Nov 2023

Allotment

3 Nov 2023

Refund

4 Nov 2023

Demat Credit

5 Nov 2023

Listing

6 Nov 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

49.37x

Total Demand

QIB Multiplier

12.15x

Institutions & Funds

NII / HNI

123.62x

High Net-Worth

Retail (RII)

39.82x

Individual Bidders

Category-Wise Subscription Breakup

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

Total 49.37x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,350,000	16,404,000	12.15x
NIB	966,000	119,414,000	123.62x
RETAIL	2,250,000	89,584,000	39.82x
Total	4,566,000	225,402,000	49.37x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 42.79x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	1,250	49,775	39.82x
HNIs (10L +)	8	989	123.62x
HNIs (2-10L)	38	4,698	123.62x
Total Applications	1,296	55,462	42.79x

Day-Wise Subscription Progress

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

About Transteel Seating Technologies Limited Public Issue & Market Profile

Transteel Seating Technologies Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹49.98 Crores. The shares are offered at a price band of ₹67 to ₹70 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2023-11-01, the basis of allotment is scheduled to be finalized on 2023-11-03. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Pvt Ltd) or the BSE allotment checking window.

Frequently Asked Questions

What is Transteel Seating Technologies Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Transteel Seating Technologies Limited IPO is ₹13 per equity share. Based on the upper price band of ₹67 to ₹70 per equity share, the estimated listing price is ₹83 (+18.6% expected listing gain).

What is the expected profit per lot for Transteel Seating Technologies Limited IPO?

With a lot size of 2000 shares and current GMP of ₹13, the expected profit per application lot is approx ₹26,000 (+18.6% gain). Minimum application cost is approx ₹1,40,000.

What is the issue size and price band for Transteel Seating Technologies Limited IPO?

The Transteel Seating Technologies Limited IPO aggregate issue size is ₹49.98 Crores with an equity price band set at ₹67 to ₹70 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,40,000.

How can I check Transteel Seating Technologies Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 49.37x (Retail: 39.82x, QIB: 12.15x, NII: 123.62x). You can track live multiples directly on our dedicated subscription page.

Where and when will Transteel Seating Technologies Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Pvt Ltd) and the BSE status verification website on or around 2023-11-03. Investors can verify status using PAN card or application number.

When is the listing date for Transteel Seating Technologies Limited IPO?

Transteel Seating Technologies Limited shares are scheduled to list on NSE on 2023-11-06.