What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial premium over the issue price that investors pay in the unlisted market prior to official listing on NSE/BSE.

How is the estimated listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit made by selling an IPO application before allotment, irrespective of whether the application is allotted shares.

What is Subject to Sauda?

Subject to Sauda is an agreement where payment is made only if the seller receives share allotment in the IPO.

What is the current subscription status of TechWave Solutions Limited IPO?

TechWave Solutions Limited IPO has received a total subscription of 14.32 times overall.

TechWave Solutions Limited

OpenMainboard

Information Technology · NSE / BSE

TechWave Solutions is a leading provider of cloud infrastructure and enterprise software solutions serving Fortune 500 companies across BFSI, healthcare, and manufacturing sectors.

Price Band

₹185 – ₹195

Issue Size

₹850 Cr

Lot Size

76 shares

GMP

₹48

+24.6%

Est. Listing

₹243

at current GMP

Subscribed

14.32x

overall

Open

22 Sep 2026

24 Sep 2026

Allotment

25 Sep 2026

Refund

26 Sep 2026

Demat Credit

26 Sep 2026

Listing

27 Sep 2026

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

14.32x

Total Demand

QIB Multiplier

22.10x

Institutions & Funds

NII / HNI

18.40x

High Net-Worth

Retail (RII)

9.20x

Individual Bidders

Day-Wise Subscription Progress

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

About TechWave Solutions Limited Public Issue & Market Profile

TechWave Solutions Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹850 Crores. The shares are offered at a price band of ₹185 to ₹195 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

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 2026-09-24, the basis of allotment is scheduled to be finalized on 2026-09-25. 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 Pvt Ltd) or the BSE allotment checking window.

Frequently Asked Questions

What is the issue size and price band for TechWave Solutions Limited IPO?

The TechWave Solutions Limited IPO aggregate issue size is ₹850 Crores with an equity price band set at ₹185 to ₹195 per equity share. The retail lot size is 76 shares requiring a minimum capital outlay of approx. ₹14,820.

How can I check TechWave Solutions Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.

Where will TechWave Solutions Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Pvt Ltd) and the BSE status verification website on or around 2026-09-25.