Tag: GMP

  • NSE IPO Subscription Begins: Price Band, GMP, Brokerage Insights, and Key Dates

    NSE IPO Subscription Begins: Price Band, GMP, Brokerage Insights, and Key Dates

    The much-anticipated initial public offering (IPO) of the National Stock Exchange (NSE) opens for public subscription on September 17, giving investors a chance to participate in one of India’s largest public issues. The subscription window remains open through September 21, with trading on the BSE scheduled to begin on September 24.

    IPO Price Band and Offer Details

    The NSE IPO is priced between Rs. 1,700 and Rs. 1,785 per share. The issue, which totals approximately Rs. 22,569 crore at the upper price band, is entirely an offer for sale (OFS). This means all proceeds will go to existing shareholders, not to the exchange itself.

    Lot Size and Retail Subscription

    Retail investors can bid for a minimum of eight shares, requiring an outlay of Rs. 14,280 at the upper end of the price band. The net offer reserves 50% for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.

    The exchange has trimmed the number of shares on offer compared with earlier plans, with the final offer comprising up to 12.64 crore shares through the OFS route. On September 16, anchor investors were allocated shares worth roughly Rs. 6,746 crore at Rs. 1,785 per share. LIC was among the largest anchor investors, joined by Norway’s Government Pension Fund, Abu Dhabi Investment Authority, and Fidelity.

    NSE IPO GMP Today

    The grey market is signaling a premium over the upper price band. Business Standard reported a grey market premium (GMP) of up to 9%, placing NSE shares around Rs. 1,945 — a Rs. 160 premium over the issue price of Rs. 1,785.

    Important note: GMP is an unofficial, speculative indicator that can change before listing. It should not be viewed as a guaranteed listing gain or as a substitute for evaluating the company’s fundamentals and valuation.

    What Brokerages Recommend

    Brokerage views are mixed. Choice Broking, Ventura, and Swastika have issued “Subscribe” recommendations, citing NSE’s dominant position in cash equities and equity derivatives, along with its clearing, indices, market data, and analytics businesses.

    Religare Broking has taken a “Neutral” stance, pointing to NSE’s dependence on trading activity, transaction charges, and regulatory changes. The brokerage also cautioned that a slowdown in market volumes could pressure earnings.

    “There is no other way to own Indian market infrastructure at this scale, and a first listing rarely comes cheap. Accordingly, we assign a rating of SUBSCRIBE.” — Choice Broking

    Allotment and Listing Timeline

    Share allotment is expected to be finalized on September 22, with shares likely to be credited to investors’ demat accounts on September 23. NSE’s shares are scheduled to debut on the BSE on September 24.

    Investors evaluating the IPO should weigh NSE’s market position, valuation, reliance on trading volumes, regulatory environment, and the fact that the issue is entirely an offer for sale.

  • Oneindig Technologies IPO Allotment: Check Status, GMP, and Key Facts

    Oneindig Technologies IPO Allotment: Check Status, GMP, and Key Facts

    Investors who applied for the Oneindig Technologies IPO are expected to receive allotment status on August 4, as the basis of share allotment is finalized. The SME public issue ran for subscription from July 30 to August 3, and overall it saw a moderate response across different investor categories.

    After the allotment gets completed, successful applicants will get the shares credited to their demat accounts, while unsuccessful bidders will have their application money refunded, or their UPI mandates may be revoked, according to the timelines in the issue schedule. The company’s shares are scheduled to make their first appearance on the BSE on August 6.

    Applicants can look up the allotment position via the BSE website, the registrar Maashitla Securities Pvt. Ltd., or the NSE IPO bid verification portal, by typing in their PAN, application number, or DP ID/Client ID.

    Subscription and GMP

    The public issue wrapped up with a total demand of 1.73 times for the Rs. 27.65 crore offering. The Non-Institutional Investor (NII) category led demand with a subscription of 2.40 times, while the Retail portion was subscribed 1.84 times. The Qualified Institutional Buyers (QIB) segment received bids for 1.05 times the shares reserved.

    Overall, the company received bids for approximately 33.28 lakh shares against 19.20 lakh shares offered. Despite healthy participation, grey market sentiment remains subdued. According to market trackers, the Grey Market Premium (GMP) currently stands at Rs. 0, suggesting an expected listing price close to the IPO issue price of Rs. 96 per share.

    IPO Details and Use of Funds

    Oneindig Technologies raised Rs. 27.65 crore through a book-built issue consisting entirely of a fresh issue of 28.80 lakh equity shares, with no offer-for-sale component. The IPO was priced between Rs. 91 and Rs. 96 per share.

    The company plans to utilize around Rs. 20 crore from the net proceeds to meet its working capital requirements, while the remaining funds will be used for general corporate purposes.

    Retail investors were required to apply for a minimum of 2,400 shares, translating into a minimum investment of Rs. 2,30,400 at the upper price band.

    IPO Allotment Status on Registrar Website

    Registrar: Maashitla Securities Pvt. Ltd.
    Website: https://maashitla.com/allotment-status/

    Follow these steps:

    • Visit the registrar’s IPO allotment page.
    • Select Oneindig Technologies IPO from the list.
    • Enter your PAN, application number, or DP ID/Client ID.
    • Complete the verification and submit the details.
    • The screen will display whether shares have been allotted or not.

    IPO Allotment Status on BSE

    Website: https://www.bseindia.com/investors/appli_check.aspx

    • Open the BSE IPO allotment page.
    • Choose Equity as the issue type.
    • Select Oneindig Technologies IPO.
    • Enter your application number and PAN.
    • Complete the verification process and submit.

    Company Financials and Business

    Oneindig Technologies operates in the solar energy sector, offering engineering, procurement and construction (EPC) services for solar power projects, along with operations and maintenance (O&M) services. The company also trades in solar photovoltaic modules, inverters, solar pump controllers, wires and cables.

    The company generated revenue of Rs. 57.46 crore and reported a net profit of Rs. 6.16 crore for the 10 months ended January 2026. In comparison, it posted a net profit of Rs. 4.16 crore on revenue of Rs. 46.01 crore during FY2025, reflecting continued growth in both revenue and profitability ahead of its stock market debut.

    FAQs

    1. When will the Oneindig Technologies IPO allotment be announced?

    The IPO allotment is expected to be finalized today. Once completed, successful applicants will receive shares in their demat accounts, while refunds or UPI mandate releases will be processed for unsuccessful applicants.

    2. How can I check my Oneindig Technologies IPO allotment status?

    You can check the allotment status through the BSE website, Maashitla Securities’ registrar portal, or the NSE IPO bid verification portal using your PAN, application number, or DP ID/Client ID.

    3. What is the latest GMP of Oneindig Technologies IPO?

    According to market trackers, the Grey Market Premium (GMP) is currently ₹0, indicating that the shares are expected to list around the IPO issue price of Rs. 96 per share.

    4. How was the Oneindig Technologies IPO subscribed?

    The IPO received an overall subscription of 1.73 times. The NII category was subscribed 2.40 times, the retail portion 1.84 times, and the QIB segment 1.05 times, reflecting moderate investor interest.

    5. What does Oneindig Technologies do?

    Oneindig Technologies operates in the solar EPC sector, providing engineering, procurement, construction, and maintenance services for solar power projects. It also trades in solar PV modules, inverters, solar pump controllers, wires, and cables.

  • Knack Packaging IPO: Rs. 439.50 Crore Issue Opens July 1 – Price Band, GMP, Lot Size & Key Dates

    Knack Packaging IPO: Rs. 439.50 Crore Issue Opens July 1 – Price Band, GMP, Lot Size & Key Dates

    The initial public offering (IPO) of Knack Packaging Ltd will open for subscription on July 1, 2026, and close on July 3, 2026. The company aims to raise approximately Rs. 439.50 crore through a book-built issue comprising both a fresh issue and an offer for sale (OFS). The equity shares are expected to list on the BSE and NSE on July 8, 2026.

    Knack Packaging IPO GMP (Grey Market Premium)

    In the grey market, Knack Packaging shares are currently trading at a premium of Rs. 5 to Rs. 9 per share. Based on the upper price band of Rs. 170 and a GMP of Rs. 5, the estimated listing price is around Rs. 175, implying a potential listing gain of approximately 2.9%. Investors should note that the GMP is not an official figure and may change before listing.

    IPO Size, Structure & Reservation

    The issue is a combination of a fresh issue of 2.24 crore shares aggregating Rs. 380 crore and an OFS of 0.35 crore shares aggregating Rs. 59.50 crore.

    • Price Band: Rs. 161–170 per share
    • Lot Size: 88 shares
    • Minimum Investment (Retail): Rs. 14,960
    • sNII (Small Non-Institutional Investors): 14 lots (1,232 shares) – Rs. 2,09,440
    • bNII (Big Non-Institutional Investors): 67 lots (5,896 shares) – Rs. 10,02,320
    Category Reservation
    Qualified Institutional Buyers (QIB) Not more than 50%
    Retail Investors Not less than 35%
    Non-Institutional Investors (NII) Not less than 15%

    The basis of allotment is expected to be finalized on July 6, 2026 (July 4 being a Saturday). Systematix Corporate Services Ltd. is the book-running lead manager, and MUFG Intime India Pvt. Ltd. is the registrar for the issue.

    About Knack Packaging

    Founded in 2013, Knack Packaging is a one-stop packaging solutions provider specializing in printed and laminated woven polypropylene (PLWPP) bags. The company serves the food, pet food, agriculture, fertilizers, cement, chemicals, and other industries. It holds approximately 10.1% market share in India’s flexible bulk PLWPP bag market as of Fiscal 2025. The firm serves over 1,950 customers across 68 countries and has created more than 73,000 printing cylinders.

    Financial Performance

    • Total Income (FY26): Rs. 843.77 crore (up 13% from Rs. 747.38 crore in FY25)
    • Profit After Tax (FY26): Rs. 92.72 crore (up 26% from Rs. 73.59 crore in FY25)
    • EBITDA (FY26): Rs. 172.29 crore

    The IPO presents investors an opportunity to participate in the growth of a leading packaging player with a strong financial trajectory and a large international client base.