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 Vrundavan Plantation Limited IPO allotment date?

The basis of allotment for Vrundavan Plantation Limited IPO is scheduled to be finalized on 3 Nov 2023.

Where can I check Vrundavan Plantation Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Kfin Technologies 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 4 Nov 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Vrundavan Plantation Limited

ListedSME

Emerging SME Services · BSE

Incorporated in 1997, Vrundavan Plantation is engaged in the nursery business, offering services in landscape development, horticulture, plantation, landscape maintenance, irrigation works, and related activities. The company’s goal is to protect, restore, and expand green cover across India, contributing to climate change solutions. Vrundavan Plantation aims to manage 10 million hectares of forest and non-forest land to increase India’s forest cover and improve the quality of existing forests, supporting a greener India and a greener planet.

Price Band

₹108

Issue Size

₹15.29 Cr

Lot Size

1200 shares

GMP

—

Est. Listing

₹108

at current GMP

Subscribed

19.68x

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 Live Subscription Allotment Status

Official Registrar Verification

Vrundavan Plantation Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

3 Nov 2023

Basis finalization

Refunds Initiate

4 Nov 2023

Mandate release

Demat Credit

5 Nov 2023

Shares in demat

Listing Debut

6 Nov 2023

Trading begins

About Vrundavan Plantation Limited Public Issue & Market Profile

Vrundavan Plantation Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹15.29 Crores. The shares are offered at a price band of ₹108 to ₹108 per equity share on BSE. 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 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 (Kfin Technologies 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.