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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.
- Panchshil looks well placed in fast growing luxury hotel segmenton December 23, 2024 at 3:52 PM
Total income rose to Rs 494.7 crore in FY24 from Rs 237.5 crore in FY22, with RevPAR increasing to Rs 1,188.1 from Rs 725.5. EBITDA improved to Rs 300.6 crore (60.8% margin) from Rs 124.6 crore (52.5%), while net profit jumped to Rs 166.3 crore from Rs 29.4 crore. However, for the six months ending September 2024, the company reported Rs 388.9 crore in income and a net loss of Rs 20.8 crore.
- Senores Pharma IPO subscribed 13.88 times on Day 2. Check GMP, key dates, price bandon December 23, 2024 at 1:16 PM
Retail investors subscribed to the issue 38.34 times, while non-institutional investors (NIIs) subscribed 24.48 times. Qualified institutional buyers (QIBs) took up 35% of the offer. The subscription period began on Friday and runs until December 24.
- DAM Capital Advisors IPO subscribed 81.88 times on Day 3. Check GMP, review and other key detailson December 23, 2024 at 12:58 PM
The DAM Capital Advisors IPO was subscribed 81.88 times on Day 3, with strong demand from non-institutional investors (98.47 times) and qualified institutional buyers (166.33 times). Retail investors subscribed 26.80 times. As the IPO is a complete OFS, proceeds will go to the selling shareholders.
- 8 billion dollar IPO debuts that fell below the mark, burning investor pocketson December 23, 2024 at 9:19 AM
Ujjivan Small Finance Bank, which debuted on the stock market in December 2019 with a market capitalisation of $1.36 billion, now holds a reduced valuation of $0.81 billion. This decline can likely be attributed to sectoral challenges, market corrections, or operational hurdles impacting its performance.
- Carraro India IPO sees lacklustre response as issue subscribed 22% on Day 2. Check GMP, other detailson December 23, 2024 at 7:05 AM
Carraro India’s IPO struggled to attract investors. The IPO received only 22% subscription on the second day. Retail investors showed slightly more interest with 35% subscription. Qualified institutional buyers bid for a minimal number of shares. The offer for sale aims to raise Rs 1,250 crore. Analysts recommend subscribing, citing the company’s strong financials and market position.
- Concord Enviro Systems IPO subscribed 10.67 times as on Day 3. Check GMP, review and other detailson December 23, 2024 at 7:01 AM
Concord Enviro Systems IPO was subscribed 10.67 times on the final day, with significant interest from QIBs, retail, and non-institutional investors. The IPO includes a fresh equity sale worth Rs 175 crore and is set to raise Rs 500 crore in total. The company plans to use proceeds for investments in subsidiaries and general purposes.
- Sanathan Textiles IPO subscribed 2.28 times on Day 3 so far. Check GMP, review and other detailson December 23, 2024 at 6:57 AM
Sanathan Textiles’ initial public offer (IPO) was subscribed 35.07 times on the final bidding day, with strong interest from retail, non-institutional, and qualified institutional buyers. The Rs 550 crore issue aims to repay debt and invest in the subsidiary. Shares were priced at Rs 305-321, with listing expected on December 27.
- Anya Polytech & Fertilizers IPO Opens on December 26, price band announcedon December 23, 2024 at 6:48 AM
Anya Polytech & Fertilizers is set to launch an Initial Public Offering (IPO) on December 26, 2024, aiming to raise Rs 44.8 crore. The price band is set between Rs 13-14 per share. The issue comprises 3.2 crore equity shares, with a lot size of 10,000 shares.
- Mamata Machinery IPO subscribed over 194.95 times on Day 3. Check GMP, review and other detailson December 23, 2024 at 6:42 AM
Mamata Machinery’s IPO was highly subscribed, reaching 194.95 times, with qualified institutional buyers and non-institutional investors leading the charge. The IPO, completely an offer for sale worth Rs 179 crore, had a price band of Rs 230-243 per share. Analysts recommended subscribing due to the company’s niche market position and fair valuation.
- Transrail Lighting IPO subscribed 80.80 times on Day 3. Check GMP, review and other detailson December 23, 2024 at 6:34 AM
Transrail Lighting’s IPO was subscribed 80.80 times, raising approximately Rs 839 crore. The majority of interest pivoted towards the qualified institutional buyers, who subscribed 201.06 times of their allocated portion. The proceeds will facilitate incremental working capital, capital expenditures, and general corporate purposes. Listing date is scheduled for December 27.
- Indo Farm Equipment IPO to open on December 31, fresh issue of 86 lakh equity shareson December 23, 2024 at 5:16 AM
Indo Farm Equipment’s IPO, opening December 31, 2024, includes a fresh issue of 86 lakh shares and an offer for sale of 35 lakh shares. Proceeds will support expansion, debt repayment, and capital augmentation for its NBFC subsidiary.
- Identical Brains Studios IPO: Check allotment status, GMP and listing dateon December 23, 2024 at 2:25 AM
Identical Brains Studios’ ₹20 crore IPO, subscribed over 500 times, is set for NSE SME debut on December 26. Allotment status can be checked on NSE and Bigshare Services websites. Grey market price hints at a strong listing, with funds earmarked for expansion and working capital. The company, a VFX studio, anticipates industry growth amidst a booming market.
- Unimech Aerospace IPO subscribed 3.81 times on Day 1. Check GMP, review, other detailson December 23, 2024 at 2:14 AM
Unimech Aerospace IPO GMP: Unimech Aerospace’s Rs 500 crore IPO opened for subscription and will close on December 26. Priced at Rs 745-785 per share, the IPO combines fresh equity and an offer for sale. Proceeds will fund expansion, with a GMP of Rs 480 indicating strong investor interest. Analysts recommend subscribing, citing growth potential in aerospace and other sectors.
- IPO fundraising touches a record Rs 1.6 lakh cr in 2024on December 23, 2024 at 12:57 AM
This exceptional year not only reflected the confidence of issuers but also highlighted investors’ eagerness to seize listing-day gains or back companies with strong long-term growth potential.
- Carraro India turning the corner, offers an entry pointon December 23, 2024 at 12:32 AM
The company has in-house design and manufacturing capabilities. However, it historically has a lower operating margin before depreciation and amortisation (Ebitda margin) compared with peers. This is expected to change given the improvement in the margin for the six months that ended September 2024 due to rising operating efficiency.
- IPO Calendar: 3 new issues, 8 listings investors need to watch out for next weekon December 21, 2024 at 11:41 AM
Bengaluru-based Unimech Aerospace will launch its Rs 500 crore IPO on December 23, with a price range of Rs 745-785 per share. The offering includes a fresh equity issue of Rs 250 crore and an OFS of Rs 250 crore by promoter shareholders. Bidding will close on December 26.
- LNG producer Venture Global files for IPO on NYSEon December 21, 2024 at 5:14 AM
Venture Global, a major US LNG producer, has filed for an IPO, aiming to raise about $3 billion on the NYSE. The company, with two Louisiana plants, competes with industry giants like Cheniere and Sempra. Founders will retain majority voting power after the offering. Revenues reached $3.45 billion in the first nine months of this year.
- Solar91 Cleantech, promoted by 4 IITians, to launch IPO next week. Check detailson December 20, 2024 at 11:04 AM
Solar91 Cleantech, a solar EPC company, is launching its IPO on December 24. The company will use the funds to invest in solar plant development and meet working capital needs. Solar91 has a strong track record and a growing order book. The IPO is expected to help the company expand its operations and accelerate growth.
- Transrail Lighting IPO subscribed 3.49x on Day 2 so far. Check GMP, review and other detailson December 20, 2024 at 8:06 AM
Transrail Lighting’s IPO, offering a Rs 839 crore issue, was fully subscribed with 3.49x demand. Retail investors subscribed 4.86x. The price band is Rs 410-432 per share, with a 42.8% GMP. Listing is expected on December 27. Strong financial performance supports growth prospects.
- Newmalayalam Steel IPO Day 2: Subscription status, key dates, GMP, price band, and other detailson December 20, 2024 at 7:49 AM
Newmalayalam Steel’s SME IPO, aiming to raise Rs 42 crore, offers shares at Rs 85-90 each, with a lot size of 1,600 shares. The company’s shares are trading at a 28% premium in the unlisted market. Specializing in galvanized pipes, tubes, and sheets, Newmalayalam Steel has built a strong presence in Kerala. India’s steel industry has seen steady growth, driven by raw material availability and labor costs.
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.
