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 Vaxtex Cotfab Limited IPO allotment date?

The basis of allotment for Vaxtex Cotfab Limited IPO is scheduled to be finalized on 8 Jan 2020.

Where can I check Vaxtex Cotfab Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare 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 9 Jan 2020.

IPO GreyPremiumLIVE

Grey Market Intelligence

Vaxtex Cotfab Limited

ListedSME

Textiles & Apparel · NSE

Vaxtex Cotfab Limited, established in 2005 and based in Ahmedabad, Gujarat, is engaged in textile processing and fabric trading, with a primary focus on dyeing and finishing grey fabrics used for shirting, suiting, and related accessories. The company also undertakes outsourced processing work for other fabric and garment manufacturers. Its processing and packing facilities are located in Narol, Ahmedabad, with a monthly processing capacity of about 12,00,000 meters, handling fabrics made from natural and synthetic fibres such as 100% cotton, Giza and Supima cotton blends, polyester viscose, and polyester cotton. Vaxtex serves corporate clients and well-known brands for finished fabric requirements and maintains product quality through a dedicated in-house testing and quality control team.

Price Band

₹24

Issue Size

₹4.00 Cr

Lot Size

6000 shares

GMP

—

Est. Listing

₹24

at current GMP

Subscribed

—

Open

27 Dec 2019

3 Jan 2020

Allotment

8 Jan 2020

Refund

9 Jan 2020

Demat Credit

10 Jan 2020

Listing

13 Jan 2020

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Vaxtex Cotfab Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

8 Jan 2020

Basis finalization

Refunds Initiate

9 Jan 2020

Mandate release

Demat Credit

10 Jan 2020

Shares in demat

Listing Debut

13 Jan 2020

Trading begins

About Vaxtex Cotfab Limited Public Issue & Market Profile

Vaxtex Cotfab Limited is bringing an initial public offering (IPO) in the Textiles & Apparel sector with an aggregate issue size of ₹4 Crores. The shares are offered at a price band of ₹24 to ₹24 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 6000 shares (approx. ₹1,44,000 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 Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2020-01-10, while un-allotted funds or UPI block mandates will be released on 2020-01-09.

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.