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IPO Grey Market Premium (August, 2019 Messages)

IPO Grey Market is the over-the-counter market where deals are done in-person only among the trusted group of investors. The deals are usually facilitated by the broker in neighborhood. In this market, an investor could sell IPO share or IPO application before the company gets listed on the stock exchange.

IPO Grey Market Premium (IPO GMP) is the premium at which the IPO shares are traded in the grey market. Kostak Rate is the rate at which you can sell the IPO application for a fixed price irrespective to you get IPO allotment or not.

Note: The messages express the views of the author of the message. We do not actively monitor the contents of posted messages on this forum. We are not responsible for the contents of any messages posted. Do not vouch for or warrant the accuracy, completeness or usefulness of any message.

This page shows the archived IPO Grey Market Messages received in August, 2019

Current IPO Grey Market Premium in India  Grey Market FAQs


IPO Grey Market Discussion

August, 2019 Messages

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Eagleye
14. Eagleye  Aug 7, 2019 23:28 I Like It. | Report Abuse
Affle IPO

... is expected to list 1020-1150 assuming Nifty +/- 50 points from today's closing ... going forward, we could very well see 1250-1400 ... much sooner than you expect.
Knowledge Share
14.5. Knowledge Share  Aug 16, 2019 20:58 I Like It. | Report Abuse
Gentleman

It is already listed since last week.

Listed high 958.
Current 830
RaviKumar Gudapati
14.6. RaviKumar Gudapati  Aug 16, 2019 22:33 I Like It. | Report Abuse
@Eagleye (9583)

Are you talking about Affle or Spadana Spoorthy?

Regards

Ravi kumar Gudapati
Purushottam
13. Purushottam  Aug 9, 2019 06:03 I Like It. | Report Abuse
SWSL issue has bombed. Only 85 percent and the retailer subscription is just 30 Percent. The promoters chose a bad timing. Even though the issue sailed through the listing will be at a discount.
Knowledge Share
13.2. Knowledge Share  Aug 12, 2019 21:02 I Like It. | Report Abuse
Seems, it will be in discount.
MBA
13.3. MBA  Aug 16, 2019 10:08 I Like It. | Report Abuse
I think it will open around 800 with 5% premium...stock is very attractive for the long term. may cross 1000 Rs. within three months.
JAYESH M
12. JAYESH M  Aug 10, 2019 07:34 I Like It. | Report Abuse
I CAN NOT FOUND IPO DISCUSSION FORUM
PLS SHARE LINK TO SEE IPO DISCUSSION PAGE WHICH IS VERY USEFUL FOR ALL
Team Chittorgarh.com
12.2. Team Chittorgarh.com  Aug 31, 2019 16:01 I Like It. | Report Abuse
Dear Sir, we are looking in to this.We update as soon as it is fixed.
Team Chittorgarh.com
12.3. Team Chittorgarh.com  Aug 31, 2019 16:09 I Like It. | Report Abuse
Dear Mr Jayesh, Satus,

Thank you for reporting the error. We have fixed it. You can now visit the IPO Discussion page.

Sorry for the inconvenience.
Abhinavj
11. Abhinavj  Aug 8, 2019 08:03 I Like It. | Report Abuse
What is the timing to sell this Affle ipo
Rahule
11.1. Rahule  Sep 26, 2019 03:07 I Like It. | Report Abuse
First target reached
Eagleye
10. Eagleye  Aug 3, 2019 21:30 I Like It. | Report Abuse
Spandana Sphoorty IPO - Schedule (Pg #439 of RHP)

31st July - Price Band to be announced
02nd Aug - Anchor List
05th Aug - Offer Opens
07th Aug - Offer Closes
14th Aug - Finalisation of Basis of Allotment
14th Aug - Initiation of Refunds
16th Aug - Credit to Depository Accounts
19th Aug - Commencement of Trading


Spandana Sphoorty IPO - Issue Information *(FINAL)*

Issue Opens on: 05 August 2019
Issue Closes on: 07 August 2019
Issue Type: Book Built Issue IPO
Issue Size: 1,40,29,622 Equity Shares
Face Value: Rs.10/- per Equity Share
Issue Price: Rs.853 - Rs.856 per Equity Share
Market Lot: 17 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 5,96,33,683 Equity Shares
Fresh Issue of 46,72,897 Equity Shares @856 = Rs.400.00 Crores
Offer for Sale of 93,56,725 Equity Shares @856 = Rs.800.94Crores
Equity Shares outstanding after the Issue = 6,43,06,580 Equity Shares

Category-wise Break up:
Anchor - 42,08,886 Shares = 360.28Crs
QIB - 28,05,924 Shares = 240.19Crs
NII - 21,04,444 Shares = 180.14Crs
RII - 49,10,368 Shares = 420.33Crs (Lot size: 17 = 2,88,845 Forms)
Total Issue - 1,40,29,622 Equity Shares = 1200.94Crs.

Subscription required for 1X
RII = 2,88,845 Forms
NII = 180.14Crs

Interest cost @7.5%p.a. for 7days = 123.12paise for 1X


Spandana Sphoorty IPO - Financial Information (Basis of Valuation)

EPS for FY17-18 >>> Rs.42.51 (Page #95 of RHP)
EPS for FY18-19 >>> Rs.53.35 (Page #95 of RHP)

RoNW for FY17-18 >>> 13.52% (Page #96 of RHP)
RoNW for FY18-19 >>> 16.51% (Page #96 of RHP)

NAV as on March 31, 2019 was Rs.316.84 (Page #96 of RHP)

Listed Industry Peer Group (Page #97 of RHP):
Bharat Financial Inclusion
Satin Creditcare Network
Ujjivan Financial Services
Bandhan Bank
Bajaj Finance
Cholamandalam Investment & Finance Company
Shriram City Union Finance
Sundaram Finance
Mahindra & Mahindra Financial Services
Kety pat
10.1. Kety pat  Aug 7, 2019 21:23 I Like It. | Report Abuse
hi ..listing expexted?
Kety pat
9. Kety pat  Aug 7, 2019 21:12 I Like It. | Report Abuse
LISTING EXPECTED?
Kichhi
8. Kichhi  Aug 6, 2019 17:03 I Like It. | Report Abuse
affle allotment status is online.
hmodi
8.1. hmodi  Aug 6, 2019 17:18 I Like It. | Report Abuse
What is gmp for affle India ?
D N A
7. D N A  Aug 6, 2019 09:54 I Like It. | Report Abuse
GMP on sterling and William solar ?

Whether worry applying?
JAI
6. JAI  Aug 5, 2019 22:35 I Like It. | Report Abuse
Link please ?
vinay singal
5. vinay singal  Aug 5, 2019 15:14 I Like It. | Report Abuse
what we will do with cpse etf
IPO INFORMAR
4. IPO INFORMAR  Aug 5, 2019 11:38 I Like It. | Report Abuse
Under ASBA Mode from a single bank account for a particular IPO not more than 5 applications can be made, I applied 5 applications from AXIS bank
Eagleye
3. Eagleye  Aug 3, 2019 15:03 I Like It. | Report Abuse
Sterling & Wilson Solar IPO - Schedule (Pg #457 of RHP)

01st Aug - Price Band to be announced
05th Aug - Anchor List
06th Aug - Offer Opens
08th Aug - Offer Closes
14th Aug - Finalisation of Basis of Allotment
16th Aug - Initiation of Refunds
19th Aug - Credit to Depository Accounts
20th Aug - Commencement of Trading


Sterling & Wilson Solar IPO - Issue Information *(FINAL)*

Issue Opens on: 06 August 2019
Issue Closes on: 08 August 2019
Issue Type: Book Built Issue IPO
Issue Size: 4,00,64,102 Equity Shares
Face Value: Re.1/- per Equity Share
Issue Price: Rs.775 - Rs.780 per Equity Share
Market Lot: 19 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 16,03,60,000 Equity Shares
Offer for Sale of 4,00,64,102 Equity Shares @780= Rs.3125.00 Crores
Equity Shares outstanding after the Issue = 16,03,60,000 Equity Shares

Category-wise Break up:
Anchor - 1,80,28,846 Shares = 1406.25Crs
QIB - 1,20,19,231 Shares = 937.50Crs
NII - 60,09,615Shares = 468.75Crs
RII - 40,06,410Shares = 312.50Crs (Lot size: 19 = 2,10,864 Forms)
Total Issue - 61,61,073Equity Shares = 458.69Crs.

Subscription required for 1X
RII = 2,10,864Forms
NII = 468.75Crs

Interest cost @7.5%p.a. for 7days = 112.19paise for 1X


Sterling & Wilson Solar IPO - Financial Information (Basis of Valuation)

EPS for FY17-18 >>> Rs.29.97 (Page #87 of RHP)
EPS for FY18-19 >>> Rs.39.85 (Page #87 of RHP)

RoNW for FY17-18 >>>118% (Page #88 of RHP)
RoNW for FY18-19 >>>062% (Page #88 of RHP)


NAV as on March 31, 2019 was Rs.63.79 (Page #88 of RHP)

Listed Industry Peer Group (Page #110of RHP): NONE


Sterling & Wilson Solar IPO - *Market Estimates of oversubscription*:

RII = 3.25L Forms = 1.54XApplic. wise (Avg allotment of ~12.33 shares per lot)
NII = 5K Crs. = ~10.67X

Interest cost @7.5%p.a. for 7days = 112.19paise for 1X

Thus, for NII the costing = 10.67 X 112.19paise = Rs.12/- per share (GMP)

And, for RII the costing = 11.97X 12.33 = Rs. ~148/- (Kostak)

Sterling & Wilson Solar IPO - *GMP Expected*
GMP 12/-
Kostak150/-


Sterling & Wilson Solar IPO

Day 3 at 10:00PM

The following data is assuming the shares will be issued at @780/- (upper price band)

QIB*: ??.??X (*Excluding Anchor)
NII: ??.??X (Interest cost = ~??.??/-)
RII: ??.??X
Total: ??.??X

Applications: ??.??Approx
No. of Applic-wise: ??.??X

GMP 12+/- 2
Kostak150/-
Eagleye
2. Eagleye  Aug 3, 2019 14:54 I Like It. | Report Abuse
THE MOST RELIABLE
List of Main board IPOs IN THE PIPELINE
(Status as on 31st July 2019)


A) DRHP Filed - SEBI Approval *Awaited*:

1) Shyam Steel Industries >>> DRHP date 04-June-19
2) Bajaj Energy >>> DRHP date 05-Apr-19
3) Reliance General Insurance Co. >>> DRHP date 08-Feb-19
4) Shri Bajrang Power and Ispat >>> DRHP date 12-Sep-18


B) SEBI Approval *Received* *(within the past 5 months)*:

1) Angel Broking >>> SEBI Approval 26-July-19
2) Annai Infra Developers >>> SEBI Approval 12-July-19
3) Satyasai Pressure Vessels >>> SEBI Approval 21-June-19
4) Powerica >>> SEBI Approval 07-June-19
5) Penna Cement Industries >>> SEBI Approval 31-May-19
6) Emami Cement >>> SEBI Approval 15-May-19
7) Shriram Properties >>> SEBI Approval 09-Apr-19
8) T & T Infra >>> SEBI Approval 22-Mar-19
9) Coldex >>> SEBI Approval 15-Mar-19
10) Antony Waste Handling >>> SEBI Approval 08-Mar-19
11) Senco Gold >>> SEBI Approval 06-Mar-19


C) SEBI Approval *Received* *(>5 months ago)*:

12) Heranba Industries >>> SEBI Approval 22-Feb-19
13) Vishwaraj Sugar Industries >>> SEBI Approval 15-Feb-19
14) Uniparts India >>> SEBI Approval 01-Feb-19
15) Stove Kraft >>> SEBI Approval 23-Jan-19
16) Chartered Speed >>> SEBI Approval 11-Jan-19
17) Narmada Biochem >>> SEBI Approval 02-Jan-19
18) Prince Pipes and Fittings >>> SEBI Approval 28-Dec-18
19) Studds Accessories >>> SEBI Approval 14-Dec-18
20) Shyam Metallics and Energy >>> SEBI Approval 07-Dec-18


D) SEBI Approval *Received* *(>8 months ago)*:

21) Flair Writing Industries >>> SEBI Approval 30-Nov-18
22) Neccon Power & Infra >>> SEBI Approval 29-Nov-18
23) Inventia Healthcare >>> SEBI Approval 22-Nov-18
24) Xelpmoc Design and Tech >>> SEBI Approval 20-Nov-18
25) Zircon Technologies >>> SEBI Approval 12-Nov-18
26) Sansera Engineering >>> SEBI Approval 12-Nov-18
27) Mrs.Bectors Food Specialities >>> SEBI Approval 09-Nov-18
28) PNB Metlife India Insurance Co. >>> SEBI Approval 02-Nov-18
29) AGS Transact Technologies >>> SEBI Approval 26-Oct-18
30) Harsha Engineers >>> SEBI Approval 19-Oct-18
31) Dodla Dairy >>> SEBI Approval 17-Oct-18
32) Bharat Hotels >>> SEBI Approval 12-Oct-18
33) ASK Investment Managers >>> SEBI Approval 05-Oct-18
34) Muthoot Microfin >>> SEBI Approval 05-Oct-18
35) Puranik Builders >>> SEBI Approval 05-Oct-18

E) SEBI Approval *Received* *(>10 months ago)*:

36) Nihilent>>> SEBI Approval 01-Oct-18
37) Aakash Educational Services >>> SEBI Approval 28-Sep-18
38) Ami Organics >>> SEBI Approval 28-Sep-18
39) Century Metal Recycling>>> SEBI Approval 27-Sep-18
40) Anmol Industries >>> SEBI Approval 21-Sep-18
41) Avana Logistek >>> SEBI Approval 14-Sep-18
42) Hinduja Leyland Finance >>> SEBI Approval 07-Sep-18
43) Srei Equipment Finance >>> SEBI Approval 07-Sep-18
44) Penver Products >>> SEBI Approval 05-Sep-18
45) Vectus Industries >>> SEBI Approval 31-Aug-18
46) Milltec Machinery >>> SEBI Approval 30-Aug-18
47) Craftsman Automation >>> SEBI Approval 24-Aug-18
48) Route Mobile >>> SEBI Approval 16-Aug-18
49) Mazagon Dock Shipbuilders >>> SEBI Approval 10-Aug-18
dpcdsl
1. dpcdsl  Aug 3, 2019 13:55 I Like It. | Report Abuse
Some people may have applied in the name of family members or friends through Online Bank ASBA and if allotted may have taken shares in their account through 'Off Market' for selling or keeping shares in their account.

But due to changes in 'reason codes' for Off Market transaction from today, problem may be faced as following reason codes shall not be available:
1. Transfer between family members,
2. Others (where loan or otherwise reason may be mentioned).

The following reason codes shall only be available which have repercussion in Income Tax laws, Depositories shall share the info to Tax authorities:
1. Gift,
2. Donation,
3. Off Market with consideration amount and details of payment such as cash, cheque, NEFT/RTGS.

Please plan accordingly for such transactions now on ward.