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 will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 27 Aug 2020.

Trekkingtoes.com Limited (Hippo Cabs IPO)

ListedSME

Consumer Services / Travel & Transportation Technology · BSE

Trekkingtoes.com Limited, incorporated in 2012, operates as an online travel aggregator offering cab rental services through its website, mobile application HippoCabs, and call-based bookings, with access to a fleet of over 4,000 registered vehicles supported by around 1,500 vendors for intercity travel. The company follows a route-based model that enables customers to pay only for one-way journeys while ensuring drivers receive bookings for both directions, supported by a dynamic pricing strategy that delivers competitive fares across nearly 200 cities in India. Alongside cab rental services, Trekkingtoes.com is also engaged in providing currency conversion, software consultancy, and database trading services across domestic and international markets.

Price Band

₹105

Issue Size

₹4.54 Cr

Lot Size

1200 shares

GMP

—

Est. Listing

₹105

at current GMP

Subscribed

1.55x

overall

Open

18 Aug 2020

20 Aug 2020

Allotment

26 Aug 2020

Refund

27 Aug 2020

Demat Credit

28 Aug 2020

Listing

28 Aug 2020

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Trekkingtoes.com Limited (Hippo Cabs IPO) Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

26 Aug 2020

Basis finalization

Refunds Initiate

27 Aug 2020

Mandate release

Demat Credit

28 Aug 2020

Shares in demat

Listing Debut

28 Aug 2020

Trading begins

How to Check Trekkingtoes.com Limited (Hippo Cabs IPO) IPO Allotment Status

Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
Select Trekkingtoes.com Limited (Hippo Cabs IPO) 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 Trekkingtoes.com Limited (Hippo Cabs IPO) Public Issue & Market Profile

Trekkingtoes.com Limited (Hippo Cabs IPO) is bringing an initial public offering (IPO) in the Consumer Services / Travel & Transportation Technology sector with an aggregate issue size of ₹4.54 Crores. The shares are offered at a price band of ₹105 to ₹105 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,26,000 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 Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2020-08-28, while un-allotted funds or UPI block mandates will be released on 2020-08-27.

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.