Table of Contents Show
An initial public offering (IPO) is the process of offering shares of a private corporation to the public in a new stock issuance. This allows a company to raise capital from public investors. Meanwhile, it also allows public investors to participate in the offering. The investor can apply for IPO Stocks in India by filling an online IPO application offered by the stockbrokers and banks. Brokers offer UPI-based online IPO applications and the banks offer both UPI as well as ASBA IPO applications.
IPOs/FPOs-Markets-Economic Times IPOs: Get all the latest news on recent & upcoming IPOs. Find IPO Subscription and allotment status, IPO Reviews on The Economic Times.
- Gautam Solar plans to raise Rs 1,000 crore via IPO to expand capacityon October 15, 2024 at 10:43 AM
Gautam Solar on Tuesday said it plans to raise Rs 1,000 crore through Initial Public Offerings (IPO) in next 12 to 18 months in order to fund its 2 GW solar cell manufacturing project.
- Hyundai India GMP: All signs point to debut losses for investorson October 15, 2024 at 7:47 AM
Analysts largely agree that subscribing to the Hyundai IPO presents a strong opportunity for long-term investors, given the growing passenger vehicle market and increasing consumer demand for larger, premium cars.
- Waaree Energies IPO to open from Oct 21-23. Check detailson October 15, 2024 at 7:11 AM
Waaree Energies’ IPO, open from October 21 to 23, will include fresh shares worth Rs 3,600 crore and an offer for sale of up to 48 lakh shares. Funds will be used for a 6 GW facility in Odisha and corporate purposes. The price band remains undisclosed.
- Hyundai India IPO subscribed 16% so far on Day 1. GMP falls to 1.3%. Check detailson October 15, 2024 at 5:39 AM
Hyundai India’s Rs 27,870 crore IPO opened for subscription, receiving 8% bids initially, led by retail investors. It is an offer for sale by the parent company Hyundai Motor Global. Analysts advise long-term investment due to strong brand presence and steady growth prospects in the Indian market.
- Globe Civil Projects files IPO papers with SEBIon October 15, 2024 at 5:10 AM
Globe Civil Projects has applied to SEBI to raise funds through an IPO. The company plans a fresh issue of 1.9 crore equity shares. The funds will be used for working capital, equipment purchases, and general corporate purposes. Mefcom Capital Markets is managing the IPO. Current public shareholding is 11.86%.
- Hyundai kicks off season 1 of K-drama. Will Indian IPOs help Koreans ward off K-discount curse?on October 15, 2024 at 4:26 AM
Hyundai Motor India’s IPO, the largest in India’s history, may pave the way for other South Korean conglomerates like LG and potentially Samsung to list on Indian exchanges, potentially easing the valuation disparity known as the ‘Korea Discount.’ However, gains for investors are expected to be modest.
- Hyundai Motor India IPO opens for subscription. Should you bid for the mega issue?on October 15, 2024 at 3:37 AM
Hyundai India’s Rs 27,870 crore IPO opens for subscription till October 17, involving an OFS of 14.2 crore shares by Hyundai Motor Global. The price band is set between Rs 1,865 to Rs 1,960 per share. Analysts recommend subscribing for long-term gains, citing robust financials and growth potential.
- Planning to bid for Hyundai Motor India IPO? Top risks and rewards to consideron October 15, 2024 at 2:30 AM
- ET Explainer: Breaking down IPO allotment for investorson October 15, 2024 at 12:21 AM
The IPO allotment is managed by the registrar of the company and depends on the number of shares offered and valid bids received at or above the cut-off price.
- Hyundai’s mega IPO: Hold tight for a year, investors— No instant gratification hereon October 15, 2024 at 12:03 AM
Hyundai Motor IPO: The grey market premium – the price over the IPO price in the unofficial market that investors pay for the shares before listing – for Hyundai was at ₹30 on Monday evening or 1.5% above the upper end of the issue price band of ₹1,865 to ₹1,960. The ₹27,870 crore issue opens on Tuesday and closes on Thursday. The grey market premium for Hyundai shares was at ₹370 on October 4.
- Hyundai India raises Rs 8,315 crore from anchor investors ahead of IPO openingon October 14, 2024 at 4:21 PM
Hyundai Motor India raised Rs 8,315 crore from 225 anchor investors for its upcoming IPO, allotting shares at Rs 1,960 per share. The IPO, exclusively an offer for sale, will see proceeds go to Hyundai Motor Global. Operating with high capacity utilization, Hyundai plans to drive innovation using the raised funds, while maintaining strong revenue and profit growth.
- Hyundai IPO opens tomorrow: Can investors ignore these two red flags?on October 14, 2024 at 10:31 AM
Some investors are hesitant about Hyundai’s IPO price, considering it expensive at Rs 1,960 per share. This pricing puts Hyundai’s estimated price-to-earnings ratio at 26 times its projected FY25 earnings, higher than competitor Maruti Suzuki’s 22x and the industry average of 24.41x. It’s also significantly higher than its parent company Hyundai Motor Global’s PE ratio of 5x, which might make some investors wary.
- Garuda Construction GMP: Should investors prepare for losses on debut tomorrow?on October 14, 2024 at 9:17 AM
Garuda Construction and Engineering’s IPO is set to debut on Tuesday. Despite decent subscription, grey market premium stands at 0, indicating a potential for a flat or negative listing. The company has strong order book and project diversification, but the cyclical nature of the industry and market volatility could impact performance.
- Hyundai India GMP down to just 3% over issue price as IPO opens tomorrowon October 14, 2024 at 6:56 AM
Hyundai IPO GMP Today: Hyundai India’s IPO opens tomorrow with shares trading at a 3% premium over the issue price in the grey market. The automaker’s parent, Hyundai Motor Global, will offload 17% stake. Despite a lower GMP, Hyundai aims to use proceeds for innovation and R&D.
- Hyundai Motor IPO: Premium pricing leaves little room for listing gains in India’s largest offeringon October 14, 2024 at 6:06 AM
Hyundai Motor India’s IPO is set to launch on October 15 at Rs 1960. Though the pricing is considered high, analysts see it as a strong long-term investment. The company plans to invest heavily in new technologies and aims to establish India as a global manufacturing hub.
- Hyundai Motor India IPO has some appeal, but may not give investors first-mover advantageon October 13, 2024 at 3:48 PM
Hyundai Motor India plans to raise up to Rs 27,870 crore through an OFS, reducing Hyundai Motor Company’s stake from 100% to 82.5% to meet regulatory requirements. Facing market share erosion and heightened competition, the company aims to increase capacity and launch new models to boost growth.
- Hyundai IPO: Be mindful of these 7 risks ahead of issue opening on Tuesdayon October 12, 2024 at 7:20 AM
Hyundai IPO: Hyundai Motor India’s IPO opens on October 15, priced at Rs 1,865-1,960 per share. Key risks include potential conflicts of interest with Kia Corporation and dependence on Hyundai Motor Company for operations.
- Garuda Construction IPO allotment expected soon. Check status, GMP, listing date and other detailson October 12, 2024 at 4:55 AM
Garuda Construction and Engineering IPO share allotment is expected to be finalized soon. Investors can check their allotment status on the BSE website or through the registrar, Link Intime India. The company’s shares are projected to list on the exchanges on October 15. Proceeds will be used for working capital and general corporate purposes.
- Sebi orders BSE to not proceed with Trafiksol listing amid concerns over misuse of IPO proceedson October 11, 2024 at 12:33 PM
Capital markets regulator Sebi has asked the exchange BSE to not proceed with Trafiksol ITS Technologies listing amid serious concerns over misuse of the net proceeds received from the IPO.
- Why Hyundai India’s GMP crashed 76% even as market awaits India’s biggest IPOon October 11, 2024 at 8:36 AM
The GMP for Hyundai India is declining ahead of the IPO opening next week, with shares currently commanding a GMP of approximately Rs 139, reflecting a marginal premium of 7% over the issue price. The IPO consists of a complete OFS of 14.2 crore shares by the Korean parent company, priced between Rs 1,865 and Rs 1,960. At the upper end of this range, Hyundai India is valued at Rs 1.6 lakh crore.
Important Terms Related to IPO
Price Band
It is generally the lowest for retail investors (i.e. private individuals). If the price band has been fixed at Rs.50-55 per share, you cannot bid below Rs. 50 or above Rs. 55. It is the price range within which investors can bid for IPO shares. It is set jointly by the company and the underwriter and is different for each investor category, viz. qualified institutional buyers (QIBs), retail investors, and high net-worth individuals (HNIs).
Book Building Process
The process of deciding the issue price for an IPO based on the prices bid by investors. The issue price will be closer to the upper end of the price band if investors have shown strong interest in the IPO and bid high. Otherwise, it will be closer to the lower end of the band.
Offer Date
This is the first date when you can apply for shares in an IPO. It is also known as the opening date of an IPO.
Lot size
The minimum number of shares you can bid for in an IPO. If you want to bid for more shares, it has to be in multiples of the lots size. For example, if the lot size for an IPO is 1500 shares, you have to bid for at least these many. If you want to bid for more, it should be in multiples of 1500, such as 3000 and 4,500.
Minimum Subscription
This is the minimum percentage of IPO shares that retail investors need to subscribe to for an IPO to go through. At present, the minimum subscription is 90%. The company has to refund the entire subscription amount if this 90% threshold is not met.
Floor Price
The minimum price per share that you can bid when applying for an IPO is called the Floor Price. In case of IPOs with a price band, this is the lower limit of the price band.
Issue Price
The price at which shares are allotted to investors once the book building process is over. The issue price is different for each investor category and is generally the lowest for retail investors. It is also called offer price at times.
Cut-off Price
This is the lowest issue price at which shares are allotted in an IPO. It is generally reserved for retail investors. If your bidding price is higher than the cut-off price, the difference will be refunded to you.
Oversubscribed
An IPO is oversubscribed if investors have bid for more shares than offered by the company.
Oversubscription
The excess subscription amount received by the company in case of an oversubscribed IPO is called oversubscription.
Underwriter
An investment bank works closely with the issuing company to manage the IPO. They’re called underwriters. Among their many jobs are deciding the offer price, marketing the IPO, and distributing the shares to investors. The underwriter receives an underwriting fee in return for its services.
Listing Date
This is the date on which IPO shares start trading on the stock exchange. You can sell the shares you received in the IPO and buy the company’s shares if you don’t receive them in the IPO.
The Bottomline
IPO can appear to be a very complicated process first up. But that is only because of its many technicalities. It is quite simple to understand once you are aware of some key IPO terms. This IPO glossary will help you master these terms and make the most out of IPOs.
