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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.
- Ahead of IPO, Bharat Highways InvIT collects Rs 826 cr from anchor investorson February 27, 2024 at 4:57 PM
The InvIT has allotted 8.26 crore units to 37 funds at Rs 100 apiece, aggregating the transaction size to Rs 826 crore, according to a circular uploaded on the BSE website.
- Platinum Industries CMD on IPO, sustaining financials, and ambitious expansion planson February 27, 2024 at 11:28 AM
Platinum Industries’ IPO brings confidence and success amidst market conditions. Expansion plans, sustainability, and innovation drive the company’s financial growth. New manufacturing facilities, diverse product portfolio, and strategic investments position Platinum Industries as a global leader in the PVC industry. Chairman Krishna Dushyant Rana says Platinum Industries was born out of a vision to redefine the landscape of the PVC industry in India.
- Bharat Highways Invit IPO opens on Wednesday. 10 things to know about Rs 2,500-cr offeron February 27, 2024 at 9:35 AM
Bharat Highways Invit IPO: Bharat Highways Invit is an infrastructure investment trust established to acquire, manage and invest in a portfolio of infrastructure assets in India and to carry on the activities of an infrastructure investment trust, as permissible under the Sebi InvIT regulations.
- RK Swamy to launch IPO on Mar 4on February 27, 2024 at 9:31 AM
RK Swamy IPO: Integrated marketing services firm RK Swamy Ltd is set to float its initial public offering on March 4. The initial share sale will conclude on March 6 and the bidding for anchor investors will open for a day on March 1, according to the Red Herring Prospectus (RHP).
- Platinum Industries IPO booked 8 times on Day 1. Check GMP and other detailson February 27, 2024 at 8:02 AM
Platinum Industries IPO GMP: Platinum Industries IPO is completely a fresh equity issue of 1.37 crore shares. The company plans to raise around Rs 235 crore through the issue. Net proceeds will be utilised for investment in Platinum Stabilizers Egypt, financing capex requirements, working capital, and general corporate purposes.
- Exicom Tele Systems IPO fully subscribed on Day 1. Check GMP, other detailson February 27, 2024 at 6:41 AM
The initial public offer (IPO) of Exicom Tele Systems sailed through on Tuesday, the first day of the bidding process. The issue subscribed 1.38 times, receiving over 2.52 crore share bids around 11:15 am against the 1.82 crore shares available for subscription.
- Platinum Industries IPO opens for subscription. Should you apply?on February 27, 2024 at 4:21 AM
Platinum Industries IPO received Rs 70.59 crore from anchor investors. Analysts recommend subscribing due to strong financial record. The company plans to utilize net proceeds for investment in Platinum Stabilizers Egypt, capex requirements, and has strong R&D capabilities. It is a multi-product manufacturing company with sales across India and international markets.
- Exicom Tele-Systems IPO: Should you subscribe to this Rs 429-crore offer?on February 27, 2024 at 4:19 AM
The IPO is a combination of fresh equity issue worth Rs 329 crore and an offer for sale of 70.42 lakh shares. Ahead of the issue opening, the company mopped up about Rs 178 crore from anchor investors.
- Purv Flexipack IPO: Check issue size, price band, GMP and other detailson February 27, 2024 at 3:19 AM
Purv Flexipack’s IPO aims to raise Rs 40.21 crore by offering shares at Rs 70-71. It is a DCA and DOPW, distributing plastic products. The IPO opens on February 27 and reserves portions for different types of investors.
- GPT Healthcare IPO allotment: Check status, listing date, GMP and other detailson February 27, 2024 at 3:13 AM
GPT Healthcare IPO received 8.5 times subscription. Share allotment to be finalized. Check status on BSE or registrar website. Shares trading with Rs 10 premium. Proceeds used for repayment. Competing with listed peers. JM Financial is the sole book running lead manager.
- Shein considers London IPO amid US resistance to listingon February 27, 2024 at 2:10 AM
Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the London option as it has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the people said, asking not to be identified discussing confidential information.
- Jaro Education plans IPO to raise Rs 600 croreon February 27, 2024 at 12:55 AM
It has hired Nuvama Wealth, Motilal Oswal and Systematix to manage the public issue.
- Tata Group eyes mega $1-2 billion IPO for its EV business: Reporton February 26, 2024 at 10:24 AM
Tata Group plans to list Tata EV, its electric vehicles business, in the next one to two years. The IPO of Tata Passenger Electric Mobility is expected to be worth $1-2 billion.
- Chinese companies axe IPO plans amid listing scrutinyon February 26, 2024 at 9:17 AM
Companies have scrambled to scuttle plans for initial public offering in China this year as the securities watchdog tightens rules on share listings in a bearish market.
- Exicom Tele-Systems IPO opens on Tuesday: 10 things to know before subscribing to the issueon February 26, 2024 at 8:54 AM
The initial public offering (IPO) of Exicom Tele-Systems will open for subscription on Tuesday. The issue closes on February 29. Through the public offer, the company plans to raise around Rs 429 crore. Here are 10 things to know about Exicom Tele-Systems IPO before subscribing to the issue.
- Platinum Industries IPO: Price band, GMP among 10 things to know about the offeron February 26, 2024 at 8:30 AM
Through the public offer, the company plans to raise around Rs 235 crore. Here are 10 things to know about Platinum Industries IPO before subscribing to the issue.
- GPT Healthcare IPO fully subscribed on last day. Check GMP and other detailson February 26, 2024 at 8:20 AM
In the unlisted market, the company’s shares are trading with a premium of Rs 10, marginally up from the previous week.
- Mukka Proteins IPO price band set at Rs 26-28/share. Check lot size and other key detailson February 26, 2024 at 6:41 AM
The issue will be a book-building process where investors will be allowed to make bids for a minimum of 535 shares and in multiples thereafter. Up to 35% of the issue has been reserved for retail investors while non-institutional investors have been allocated 15%.
- IPO boom! Madhu Kela’s unlisted solar stock surges 300%. Should you invest in the sun?on February 26, 2024 at 4:11 AM
Shares of unlisted Waaree Energies, India’s largest solar PV module manufacturer, have surged 300% in the last 6 months, backed by investors like Madhu Kela, ValueQuest’s Ravi Dharamshi and Arvind Kothari-run Niveshaay, ahead of their planned IPO launch. Divam Sharma attributes the surge in price to the DRHP filing and favorable sector valuations. The unlisted solar stock is commanding a market value of Rs 46,000 crore now.
- Juniper Hotels IPO allotment: Check status, GMP, listing date and other detailson February 26, 2024 at 3:37 AM
Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website.
Important Terms Related to IPO
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.
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.
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.
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.
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.
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.
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.
An IPO is oversubscribed if investors have bid for more shares than offered by the company.
The excess subscription amount received by the company in case of an oversubscribed IPO is called oversubscription.
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.
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.
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.