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 Visaman Global Sales Limited IPO allotment date?

The basis of allotment for Visaman Global Sales Limited IPO is scheduled to be finalized on 27 Jun 2024.

Where can I check Visaman Global Sales Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India 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 28 Jun 2024.

Visaman Global Sales Limited

ListedSME

Materials / Steel & Metals · NSE

Visaman Global Sales Limited, established in June 2019, is a dynamic supplier of a wide range of steel and structural products, including round, square, and rectangle pipes, various structural steels, coils, sheets, plates, and roofing and wall PUF panels. An ISO 9001:2015 certified company, Visaman Global Sales focuses on customization to meet specific customer needs in terms of size and dimensions. With a well-placed stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh, the company ensures seamless distribution and product availability. As of March 15, 2024, it operates with a dedicated team of 41 employees across its offices and stockyards, ensuring smooth and efficient operations.

Price Band

₹43

Issue Size

₹16.05 Cr

Lot Size

3000 shares

GMP

₹5

+11.6%

Est. Listing

₹48

at current GMP

Subscribed

39.88x

overall

Open

24 Jun 2024

26 Jun 2024

Allotment

27 Jun 2024

Refund

28 Jun 2024

Demat Credit

29 Jun 2024

Listing

1 Jul 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Visaman Global Sales Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

27 Jun 2024

Basis finalization

Refunds Initiate

28 Jun 2024

Mandate release

Demat Credit

29 Jun 2024

Shares in demat

Listing Debut

1 Jul 2024

Trading begins

How to Check Visaman Global Sales Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Visaman Global Sales 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 Visaman Global Sales Limited Public Issue & Market Profile

Visaman Global Sales Limited is bringing an initial public offering (IPO) in the Materials / Steel & Metals sector with an aggregate issue size of ₹16.05 Crores. The shares are offered at a price band of ₹43 to ₹43 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.

Public Issue & Allotment Procedure:

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.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-06-26, the basis of allotment is scheduled to be finalized on 2024-06-27. 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 (Link Intime India Private Limited) or the BSE allotment checking window.

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.