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IPO Alert NSE, BSE | Subscription and Allotment Status, IPO Reviews

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.

  • Quality Power Electrical IPO price band fixed at Rs 401-425. Check details
    on February 10, 2025 at 8:45 AM

    Quality Power Electrical Equipment is launching an IPO worth Rs 858.7 crore with a price band of Rs 401-425 per share, open for bids from December 20 to February 14. The IPO comprises a fresh issue of shares worth Rs 225 crore and an offer for sale (OFS) of 1.50 crore shares, valued at Rs 633.7 crore at the upper price band.

  • Indian market braces for expiry of $4 billion of IPO lock-ins
    on February 10, 2025 at 8:34 AM

    Lock-in expiries on $4 billion of newly listed Indian shares added pressure to a stock market already down $1 trillion since December. Weak sentiment and slowing earnings growth may impact upcoming IPOs. Despite the downturn, companies are proceeding with listing plans, with Hexaware Technologies set for a billion-dollar IPO soon.

  • Readymix Construction IPO subscription at 2.3 times on Day 3: Check key dates, price band, GMP and other details
    on February 10, 2025 at 8:13 AM

    Readymix Construction IPO: The issue saw strong demand, receiving bids for 29.39 lakh shares from retail investors, 9.75 lakh shares from non-institutional investors (NIIs), and 16.97 lakh shares from qualified institutional buyers (QIBs).

  • Solarium Green Energy IPO subscribed over 2 times so far on Day 3: Check GMP, price band and other details
    on February 10, 2025 at 7:56 AM

    Solarium Green Energy IPO: Solarium Green Energy plans to utilize the net proceeds from its IPO to meet working capital needs and for general corporate purposes. The company has set its IPO price range at Rs 181-191 per share, with a lot size of 600 shares. The offering allocates 20% for institutional investors, 40% for retail investors, and 40% for non-institutional investors.

  • Eleganz Interiors IPO subscribed over 2 times so far on Day 2: Check GMP, price band and other details
    on February 10, 2025 at 7:43 AM

    Ahead of its listing, Eleganz Interiors’ shares were trading at a Rs 35 premium in the unlisted market on Monday, reflecting a 27% gain over the upper end of its Rs 130 IPO price band. The company has set its IPO price range at Rs 123-130 per share, with a minimum lot size of 1,000 shares. The offering reserves 20% for institutional investors, 40% for retail investors, and 40% for non-institutional investors.

  • Hexaware Technologies IPO to open for subscription on February 12. Check latest GMP, price band and other details
    on February 10, 2025 at 4:33 AM

    Hexaware Technologies’ Rs 8,750-crore IPO opens on Feb 12 at Rs 674-708 per share. Carlyle is offloading its stake, reducing its holding to 74.1%. The IPO is the largest by an Indian IT firm. Shares traded at a Rs 8 GMP. Hexaware delisted in 2020 at Rs 475. Revenue grew 12.8% in 2023.

  • Check Amwill Healthcare IPO share allotment status, listing date and other details
    on February 10, 2025 at 2:33 AM

    The share allotment for Amwill Healthcare will be determined today, with the IPO receiving a subscription of over 5 times. Investors can check the status on the BSE or Bigshare Services websites. Funds from the IPO will be used for various purposes, including marketing and brand building.

  • Chandan Healthcare IPO: Check price band, GMP, allotment date and other details
    on February 10, 2025 at 2:16 AM

    Chandan Healthcare’s Rs 107 crore SME IPO will open for subscription on Monday, targeting a listing on the NSE SME platform. The company plans to use the IPO proceeds to set up new diagnostic centres and laboratories in Uttar Pradesh. Chandan Healthcare operates an extensive diagnostic network in North India, providing pathology and radiology services.

  • Ajax Engineering IPO opens for subscription. Should you bid?
    on February 10, 2025 at 2:09 AM

    Ajax Engineering’s IPO is open for subscription from February 10 to 12, entirely an offer for sale with 2.01 crore shares. The company fixed a price band of Rs 599-629 per share. Analysts suggest subscribing due to their strong product range and leadership in the concrete equipment market.

  • A bet on Ajax may mix well with India’s infra growth
    on February 9, 2025 at 3:35 PM

    Ajax Engineering plans to raise up to Rs 1,269.4 crore through an IPO. Kedaara Capital will sell its entire 6.5% stake. The company’s promoter group stake will decrease to over 82%. Ajax leads the market for self-loading concrete mixers and benefits from growing infrastructure needs in India.

  • Advanced Sys-Tek files draft IPO papers with Sebi
    on February 8, 2025 at 11:16 AM

    Advanced Sys-Tek Ltd has sought Sebi’s approval for an IPO to raise Rs 115 crore and an OFS of 15.27 lakh shares by promoters Mukesh R Kapadia and Umed Amarchand Fifadra. The funds will support capital expenditure, long-term working capital, and general corporate purposes. Specializing in industrial automation, the company has completed over 200 installations globally.

  • SBI Funds Management invests Rs 212 cr in Ajax Engineering ahead of IPO
    on February 8, 2025 at 11:13 AM

    SBI Funds Management has invested Rs 212 crore in Ajax Engineering, acquiring 27.02 lakh shares through SBI Magnum Children’s Benefit Fund and SBI Infrastructure Fund ahead of the latter’s IPO. Ajax Engineering’s IPO, valued at Rs 1,269 crore, will open for subscription from February 10 to 12 with a price band of Rs 599 to Rs 629 per share.

  • AT Capital owned Juniper Green Energy plans Rs 3,000 crore IPO
    on February 7, 2025 at 1:30 PM

    Juniper Green Energy IPO: Juniper Green Energy plans a ₹3,000 crore IPO by mid-2025, backed by AT Capital and Vitol. With 1GW operational and 3GW under construction, the company seeks funding to expand its renewable energy portfolio beyond 6GW.

  • Amwill Healthcare IPO subscribed 1.68 times on Day 3 so far: Check GMP, price band and other details
    on February 7, 2025 at 6:17 AM

    Amwill Healthcare’s SME IPO was fully subscribed 1.68 times by the final bidding day. The retail portion saw 2.41x demand, while QIBs subscribed 2.19x. The IPO price band is Rs 105-111, with allotment on February 10 and listing on February 12. The company operates in the growing derma-cosmetic segment.

  • Eleganz Interiors IPO opens today: Check key dates, price band, GMP and other details
    on February 7, 2025 at 2:33 AM

    Eleganz Interiors’ SME IPO opens for subscription today, planning to raise approximately Rs 78 crore through fresh equity sale of 60.05 lakh shares. The issue price is set between Rs 123-130 per share, with bids open until February 11. Funds will be used for debt repayment, working capital, and corporate purposes.

  • Ken Enterprises IPO subscribed 2.5 times so far on Day 2: Check subscription, price band, GMP, and other details
    on February 6, 2025 at 7:30 AM

    Ken Enterprises’ IPO, which opened on February 5, has been oversubscribed 2.5 times by February 6. The company aims to raise Rs 83.65 crore with a price band of Rs 94 per share. With a GMP of 18%, the IPO proceeds will fund acquisitions, capital expenditure, and working capital. Ken Enterprises specializes in textile manufacturing for global brands.

  • Amwill Healthcare IPO cruises through on Day 2: Check GMP, price band and other details
    on February 6, 2025 at 7:11 AM

    Amwill Healthcare’s SME IPO, which opened on February 6, was fully subscribed by February 7, with retail, non-institutional, and QIB segments showing strong demand. The IPO has a price band of Rs 105-111 per share, with a GMP of Rs 5-6. Amwill, a derma-cosmetic firm, reported revenue of Rs 23.15 crore and profit of Rs 6.51 crore.

  • Hexaware Technologies IPO to open for subscription on February 12, price band fixed at Rs 674-708 per share
    on February 6, 2025 at 3:04 AM

    Hexaware Technologies IPO: The IPO is a complete Offer for Sale (OFS), with promoter Carlyle selling its stake. After the IPO, Carlyle’s ownership will decrease to 74.1% from the current 95%.

  • Solarium Green Energy IPO opens today: Check key dates, price band, GMP and other details
    on February 6, 2025 at 2:55 AM

    Solarium Green Energy launches its IPO to raise around Rs 105 crore, with a price band of Rs 181-191 per share. The IPO is entirely a fresh equity sale and aims to fund working capital and corporate purposes. The share allotment is expected on February 11, and listing on February 13.

  • Readymix Construction Machinery IPO: Check key dates, price band, GMP and other details
    on February 6, 2025 at 2:46 AM

    Readymix Construction Machinery’s IPO opens for bidding today with a fresh equity sale of Rs 54.99 lakh shares, priced at Rs 121-123 per share. Funds will be utilized for debt repayment, working capital, and corporate purposes. Share allotment will be finalized on Feb 11, and listing is expected on Feb 13.

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. 

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