Please note that basis of allotment is finalizing by today end of the day and you will able to check the status of your application on our website on 28th June 2017 after 9:00 p.m by using below mentioned link.
Considering the registrar is Link Inktime and their record of updating allotment status at the end time, do not expect allotment any time before tomorrow. It may even update on 5th July
6th July ko listing hai, so allotment has to be before that. All listing to be done on 6th working day after IPO closed and 6th July is 6th working day. Hoping for the best for allotment. Will have great listing.
Kostak (or price of application) is the premium amount in rupees at which IPO applications are being traded in IPO Grey Market. Usually ‘Kostak'' value is defined as the premium of a maximum lot retail application in an IPO.
Kostak price is important mostly before issue is close for subscription and final bidding status is available to the IPO investors. Very few IPOs applications are traded after final bidding status is available to the investors.
‘Kostak'' is especially for people who do not want to take risk with IPO allotment or listing gains.
Example: BGR Energy Limited Issue Price: Rs 480 Per Equity Share (at upper band) Lot Size: 14 Grey Market Premium: Rs 350 to Rs 360 Kostak (Rs 100000): Rs 2500 to Rs 2600
This means BGR applications of Rs 1 lakhs are being traded in IPO Grey Market at Rs 2500 to Rs 2600.
Even though the Grey Market Premium of this IPO is around 75% of the issue price, the ‘Kostak'' is just 5% of the application amount. This is because Grey Market traders are assuming that the issue will highly oversubscribe and there will not be firm allotment even for retail investors who will apply full Rs 1 lakhs. They are assuming one out of two people will get allotment and thus Rs 2 lakh investment will give them approximate Rs 5000 return. This way they are ready to buy 1 lakh application for Rs 2500.
THE BROKERS WERE OFFERING 30000 SUB TO ALLOTMENT AND INDIAN PEOPLE HAVE AMPLE MONEY IN THEIR SB ACCOUNTS FOR BEING CARRIED AWAY BY THIS 30 FIGURE. LOOSE NOITHING , NOT IN SB ACCOUNT AND IF LUCKY GRAB 30000/-
I missed the train. Thought of applying today, but luckily or unluckily I was sidelined. The subscription figures were fantastic. Till this moment, Focus''s 88.99x (900k shares issued worth 4 crore) was the topper, but Accord''s 157.28x (972k shares issued worth 5.8 Crore) is simply awesome and incomparable. Having said that, Focus''s QIB portion was subscribed 21.44x times that of MarketMaker''s quota; but Accord''s QIB portion was subscribed only 0.65x times (62k shares) that of MarketMaker''s quota (of 96k shares). Based on QIB subscription, the figures exactly match that of Zota (one more funny thing is that Zota issue of 58.5 crore is subscribed 16.78 times and Accord issue of 5.832 crore is subscribed 157.28 overall). So, both were subscribed for ~900 crore (981.63Zota vs 917.25Accord). So, I''m disappointed by QIB figures (based on MM quota; not on QIB quota itself). Secondly, Individuals (RII and NII) subscription is way too much compared to NII-Corporate/others or QIB. So, this is issue is again subscribed more by individuals and they''re responsible for huge subscription. It is possible that this script could give 100% upmove within first month of listing; but there won''t be any buyers from third weeks itself (or you can expect the buying vs selling price-bids gap to be too high). It could be another Focus or Zota. I believe in Hem, so those who get allocation, will get healthy returns (but remember it''s PB is 3 now; if the share moves up 100% more, then it''s PB will become 6). So, I would recommend to hold it only for short-term; decide when to exit from this.
(* indicates bids position and not necessarily the subscription to the issue– bids received on the Exchange platform only)
As on 28-Jun-2017 18:30:04 IST Cumulative Demand (no. of shares in lakhs) Bid Price (Rs.) Note: Cumulative (NSE) bid quantity at each price point includes the quantity (NSE) bidded at that relevant price point and all valid bids above that price point.
Total Issue Size 972000 Total Bids Received 137840000 Total Bids Received at Cut-off Price - No. of times issue is subscribed 141.81 Graph Logic