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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.

  • IPO Calendar: 8 issues set to ignite primary market in post-election surge next week
    on June 15, 2024 at 5:22 AM

    In the mainboard segment, the public offers of Dee Development Engineers and Akme Fintrade will kick-off from June 19, while that of Stanley Lifestyles will be launched on June 21.

  • As Hyundai India eyes listing, here are some of nation’s biggest IPOs
    on June 15, 2024 at 4:57 AM

    Hyundai Motor’s Indian business filed draft papers for a potential large IPO in India to enhance its brand image and increase liquidity.

  • Hyundai unit files for India IPO that could be country’s biggest
    on June 15, 2024 at 3:06 AM

    India’s second-biggest car maker behind Maruti Suzuki, Hyundai will not issue new shares in the IPO which will involve its South Korean parent selling part of its stake in the wholly owned unit to retail and other investors via a so-called “offer for sale” route.

  • Furniture firm Stanley Lifestyles’ IPO opens June 21
    on June 15, 2024 at 1:56 AM

    The offer consists of a fresh issue of ₹200 crore and an offer for sale of up to 9,130,000 shares worth ₹337 crore by existing shareholders. Sunil Suresh and Shubha Sunil, promoters of Stanley, will sell 1.18 million shares each in the OFS portion of the IPO. Investor Oman India Joint Investment Fund II will also divest 5,545,000 shares in the IPO.

  • Hyundai seeks to dilute up to 17.5% stake in $3 bn IPO: Report
    on June 14, 2024 at 8:15 AM

    Hyundai Motor plans to dilute up to 17.5% stake in its India entity’s IPO to raise $2.5 billion to $3 billion. India’s second-biggest carmaker, behind Maruti Suzuki, will file papers with the stock market regulator. No new shares will be issued, only the South Korean parent will dilute its stake.

  • Stanley Lifestyles IPO opens on June 21, check price band, GMP and other details
    on June 14, 2024 at 6:36 AM

    Stanley Lifestyles announces IPO opening on June 21 with a price band of Rs 351-369 per share. It aims to raise Rs 537 crore and be listed on NSE and BSE platforms.

  • GPES Solar IPO opens today: Check issue size, price band, GMP and other details
    on June 14, 2024 at 5:09 AM

    The GPES Solar SME IPO opened for subscription today aiming to raise Rs 31 crore. It is an authorized distributor of Sungrow India, Saatvik Green Energy Private, and LONGi Solar Technology.

  • HDB Financial awaits parent’s approval to begin IPO journey
    on June 14, 2024 at 2:11 AM

    HDB Financial Services, the non-banking financing arm of HDFC Bank, is preparing for an IPO to list by September 2025 with a valuation range of $9 billion to $12 billion. The lender plans to open 200 branches this fiscal year to expand its loan book.

  • Flipkart’s path to profitability will decide IPO timing, says Walmart CFO
    on June 14, 2024 at 1:22 AM

    Walmart sees financial services as a growth opportunity, with PhonePe and Flipkart driving monetisation prospects. A report by Bernstein Research suggests India’s ecommerce market could double by 2025.

  • United Cotfab IPO fully subscribed within hours of opening. Check GMP and other details
    on June 13, 2024 at 9:25 AM

    United Cotfab IPO: The category reserved for retail investors was booked over 2 times, followed by other investors at just 30%. About 50% of the offer is reserved for retail investors and the rest 50% for other investors.

  • Ixigo to finalise its share allotment today. Check status, GMP, listing date & other details
    on June 13, 2024 at 5:50 AM

    Ixigo, operated by Le Travenues Technology, to finalise share allotment after strong response for IPO, booked nearly 98.34 times. Investors can check allotment status on BSE or registrar website.

  • United Cotfab IPO opens today: Check issue size, price band, GMP and other details
    on June 13, 2024 at 5:47 AM

    United Cotfab SME IPO opened today to raise Rs 36.29 crore. The company manufactures high quality open end yarn for the textile industry, following strict quality standards and advanced technology.

  • DEE Development IPO Opens June 19
    on June 13, 2024 at 2:22 AM

    DEE Development Engineers, headquartered in Haryana, unveils its 418 crore IPO with a price band of 193-203 per share, opening for subscription on June 19 till June 21. The offering comprises a fresh issue of 325 crore and an offer for sale of 93.01 crore by existing shareholders, allowing investors to subscribe for a minimum of 73 equity shares.

  • Ixigo parent’s IPO subscribed 98.1x
    on June 13, 2024 at 2:16 AM

    Le Travenues Technology’s IPO, backing online travel giant Ixigo, garnered massive interest, oversubscribed by 98.1 times, with retail, institutional, and high-net-worth investors showing overwhelming demand, signaling robust market enthusiasm.

  • DEE Development Engineers IPO to open on June 19; price band announced
    on June 12, 2024 at 12:38 PM

    DEE Development Engineers filed a draft prospectus with the Securities and Exchange Board of India (SEBI) in September of last year and received approval in February of this year. The IPO is priced in the range of Rs 193-203 per share, with a minimum bid lot of 73 shares. Investors can bid for shares in multiples of the lot size.

  • Ixigo IPO nears 50x subscription on final day. Check GMP and other details
    on June 12, 2024 at 9:39 AM

    Ixigo IPO: On the final day of bidding, the IPO for Le Travenues Technology, the company behind the travel platform Ixigo, gained significant traction, with subscriptions reaching 47 times the offering size. Today marks the closing of the bidding process.

  • Snack maker Haldiram’s said to weigh IPO as sale talks stall
    on June 12, 2024 at 7:55 AM

    The Agarwal family is considering a listing as bids in the region of $8 billion to $8.5 billion didn’t meet its valuation expectations of about $12 billion, according to the people, who asked not to be identified discussing private information.

  • Ixigo IPO subscribed 17 times, GMP soars on Day 3
    on June 12, 2024 at 6:46 AM

    Le Travenues Technology’s IPO, home to the travel platform Ixigo, saw a robust subscription of 17.42 times on its final day, buoyed by strong demand from retail and non-institutional investors. In the unlisted market, Ixigo’s shares are trading at a premium of Rs 36, surpassing the previous day’s GMP of Rs 25, reflecting a 37% premium over the issue price.

  • Magenta Lifecare shares list at 29% premium over issue price
    on June 12, 2024 at 4:23 AM

    The issue, which was completely a fresh equity sale of 20 lakh shares, received an overwhelming response from investors with a subscription of over 900 times at close. Net proceeds from the Magenta Lifecare IPO are proposed to be used for funding the incremental working capital requirements of the company and other general corporate purposes.

  • Ola Electric gets Sebi nod for public offer
    on June 12, 2024 at 1:28 AM

    Ola Electric, set for a $6 billion IPO, plans layoffs amid IPO filings by Swiggy and FirstCry.

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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