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.
- Emmforce AutoTech’s Rs 54-cr IPO to open on Apr 23; sets price band at Rs 93-98/shareon April 19, 2024 at 10:51 AM
Auto components maker Emmforce AutoTech Ltd on Friday said it will raise Rs 54 crore through its initial share sale opening for public subscription on April 23.
- Vodafone Idea FPO sees sluggish response even on Day 2. Check subscription and other detailson April 19, 2024 at 10:15 AM
Vodafone Idea’s FPO sees slow response. Uncertainty around profitability and debt reduction persists. VI is the third largest telco in India based on subscriber base.
- Faalcon Concepts IPO booked 89% so far on Day 1. Check GMP and other detailson April 19, 2024 at 8:55 AM
Faalcon Concepts SME IPO: The category reserved for NII investors was booked 40%, while that of retail investors was booked 1.3X. The issue closes on April 23. About 50% of the offer is reserved for retail investors and remaining 50% for other investors.
- Faalcon Concepts IPO opens today. Check issue size, price band, GMP and other detailson April 19, 2024 at 6:04 AM
Faalcon Concepts SME IPO on BSE opens today aiming to raise Rs 12 crore. Shares priced at Rs 62 each. Revenue: Rs 12.46 crore; Net Profit: Rs 1.31 crore. Proceeds for capex and working capital.
- Vodafone Idea FPO subscribed 26% on Day 1on April 19, 2024 at 1:04 AM
The QIB portion was subscribed 61% on the opening day, marking a promising start. Typically, QIBs tend to bid on the final day of the offer. The majority of bids in the QIB portion came from foreign institutional investors (FIIs).
- Vodafone Idea gets muted response for its Rs 18,000 crore FPO on Day 1on April 18, 2024 at 4:20 PM
Vodafone Idea’s FPO had a 26% subscription rate. Vi raised Rs 5,000 crore from 60 anchor investors. Analysts warn about profitability uncertainty and caution retail investors. The company aims to enhance its network infrastructure and roll out 5G services.
- JNK India announces price band for its IPO. Check detailson April 18, 2024 at 10:13 AM
The issue closes on April 25 and the anchor investors’ allocation will be done on April 22. Investors can bid for a minimum of 36 shares in one lot and in multiples thereafter.
- After over 700x subscription, here’s how you can check Greenhitech Ventures IPO allotment statuson April 18, 2024 at 10:07 AM
The IPO, which was completely a fresh equity issue of 12.6 lakh shares, received massive response from investors with a subscription of over 700 times at close.
- Ramdevbaba Solvent IPO booked 36 times on last day; Grill Splendour’s issue subscribed 8 timeson April 18, 2024 at 9:10 AM
The net proceeds from the public offer of Ramdevbaba Solvent will be used to set up a manufacturing facility, for repayment of debt, funding working capital requirements and other general corporate purposes. Grill Splendour Services’ public offer was subscribed 8 times so far
- Vodafone Idea FPO opens: Should you apply for Rs 18,000 crore offer?on April 17, 2024 at 11:59 PM
The public offering, which closes on April 22, has been priced in the band of โน10-11 apiece, which is 17-29% below the stock’s Tuesday closing price of โน12.9. Financial markets were shut on Wednesday for Ram Navami.
- Vodafone Idea’s Rs 18,000 cr FPO may attract big investors. Is it worth your money?on April 17, 2024 at 1:41 AM
Vodafone Idea plans an Rs 18,000 crore FPO on April 18, attracting GQG Partners with $300-400 million bids. Analysts cautious due to profit concerns, low listing expectations, capex needs, 5G delay, and industry challenges.
- Vodafone Idea raised Rs 5,400 crore from nearly 60 anchor investorson April 16, 2024 at 1:42 PM
According to sources, institutions such as GQG Partners, UBS, Morgan Stanley Investment Management, AustralianSuper, Fidelity, and domestic mutual funds like Quant and Motilal Oswal were among those that subscribed to the telecom operator’s anchor book. Sources indicate that over 70% of the anchor investors are foreign institutions.
- Heating equipment company JNK India announces IPO launch on April 22. Check detailson April 16, 2024 at 1:24 PM
JNK India IPO comprises fresh equity of up to Rs 300 crore and an OFS of up to Rs 84.2 lakh worth of shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal, JNK Heaters, Mascot Capital and Marketing, and Milind Doshi will offload shares.
- GQG said to invest around $400 million in ailing Vodafone Ideaon April 16, 2024 at 9:44 AM
GQG will place bids for equity worth at least $300 million and as much as $400 million in a follow-on public offer being floated by the joint venture between Vodafone Group Plc and the Aditya Birla Group, said people familiar with the discussions who did not want to identified as the information is not public. Other institutional investors are also expected to buy into the sale, they added.
- Ramdevbaba Solvent IPO booked 6.47x on Day 2; Grill Splendour’s issue fully subscribedon April 16, 2024 at 8:56 AM
In the unlisted market, Ramdevbaba Solvent shares are trading with a GMP of Rs 20. This compares with an offer price of Rs 80 apiece. On the other hand, Grill Splendour’s shares are currently commanding a GMP of Rs 8 in the unlisted market as against an offer price of Rs 120 per share.
- Nephro Care India files DRHP to raise funds via IPOon April 16, 2024 at 6:21 AM
According to the draft papers, the companyโs initial public offering comprises a fresh issuance of 45,84,000 equity shares, each with a face value of Rs 10.
- DGC Cables and Wires stock debuts with 10% discount on NSE SME platformon April 16, 2024 at 4:40 AM
DGC Cables and Wires IPO listed on NSE SME platform with 10% discount. Manufacturer of copper products for transformers. Oversubscribed 16x. Offers fiber glass-covered copper strips, submersible wires.
- Deepak Builders & Engineers files draft papers with Sebi to raise funds via IPOon April 15, 2024 at 10:49 AM
Engineering and construction company Deepak Builders & Engineers India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.
- Vodafone Idea FPO: 5 things to know about India’s largest Rs 18,000 crore FPOon April 15, 2024 at 9:04 AM
Vodafone Idea owes over Rs 2 lakh crore debt to the government, with a large part of it under moratorium until 1HFY26. Post the equity fund-raise, govt shareholding will fall to 24% from 32%.
- Ramdevbaba Solvent IPO fully booked on Day 1; Grill Splendour’s issue subscribed 80% so faron April 15, 2024 at 8:21 AM
In the unlisted market, Ramdevbaba Solvent shares are trading with a GMP of Rs 20. This compares with an offer price of Rs 80 apiece. Choice Capital Advisors is acting as the lead manager to the issue and Bigshare Services is the registrar.
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 forย 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 forย sharesย 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. Theyโre 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 theย stock exchange. You can sell the shares you received in the IPO and buy the companyโs shares if you donโt 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.
