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IPO - Initial Public Offerings

  • An Initial Public Offering or IPO is when equity shares of a company are offered to the public on the open market i.e. the stock market for the first time.
  • The company going public raises capital and funds by trading IPO shares.
  • During the IPO trading, a fraction of shares are reserved for different type of investors including individual investors, Qualified Institutional Buyers and High Net worth Individuals. The IPO is either a Fixed Price Issue or Book Built Issue.

Upcoming / Recent IPO

upcoming ipo

JSW Infrastructure Ltd. IPO

  • The fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during Fiscal 2020 to Fiscal 2022.
  • They provide maritime related services including, cargo handling, storage solutions, logistics services and are evolving into an end-to-end logistics solutions provider. (Source: Company DRHP)
  • As per the DHRP, the offer consists of Fresh issue of Rs.2800 crores. 

 

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Signature Global(India) Ltd.

  • The largest real estate development company in the Delhi NCR focussed on affordable and mid segment housing in terms of units supplied (in the below ₹ 8 million price category) between 2019 and 2021 with a market share of 19%.
  • The company sales (net of cancellation) have grown at a CAGR of 142.62%, from ₹ 4,400.10 million in Fiscal 2020 to ₹ 25,900.38 million in Fiscal 2022.
  • As per the DHRP, the offer consists of Fresh issue of Rs.750 crores and an OFS of up to 250 crores.
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RP Tech Ltd IPO

  • Incorporated in 1989 and have more than 33 years of experience in distribution of information and communications technology (“ICT”) products in India
  • Offers end-to-end value-added services such as pre-sale activities, solutions design, technical support, marketing services, credit solutions and warranty management services.
  • As per the DHRP, the offer consists of Fresh issue of Rs.750 crores
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Tata Technologies Ltd IPO

  • A leading global engineering services company offering product development and digital solutions, including turnkey solutions
  • A pure-play manufacturing focused ER&D company, primarily focused on the automotive industry
  • As per the DHRP, the offer consists of an OFS of up to 9.57 crore equity shares (Source: Company DRHP)
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Ebixcash Ltd IPO

  • A technology enabled provider of digital products and services in the B2C, B2B and financial technology arena (Source: Company DRHP)
  • Utilize a “Phygital” that combines over 650,000 physical agent distribution outlets
  • As per the DRHP, the issue size is expected to be upto Rs. 6000 crores
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Navi Technologies Ltd IPO

  • A technology-driven financial products and services company in India focusing on the digitally connected young middle-class population of India
  • Since the company’s incorporation, they have expanded offerings under the “Navi” brand to include personal loans, home loans, general insurance and mutual funds. (Source: Company DRHP)
  • As per the DRHP, the issue size is expected to be upto Rs. 3350 crores
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Current IPOs

Top Performing IPOs

Company Name Issue Price () List Date LTP () CHG (%)

CLOSED IPOs

IPO Name Close Date Issue Price () Issue Size (In Cr.) Lot Size

DELISTED

Name From Date

BUYBACKS

Name Start Date End Date Max Buyback Price

RIGHTS

Name From Date Premium

Who can invest in an IPO?

  • As far as the eligibility criteria are concerned, all individual investors with a PAN Card issued by the Income Tax Department of India can invest in an IPO. Investors also need to hold a valid demat account. If you are interested in selling the IPO stocks on listings, then you will also need a trading account.
  • There are three different categories of investors who can apply for an IPO. These categories are Retail Individual Investors (RII), Non-Institutional Investors (NII) / High Net-worth Individuals (HNI) and Qualified Institutional Bidders (QIB). Each of these categories has a reserved number of shares in an IPO.

What is the process of investing in an IPO online?

You can apply for an initial public offering (IPO) online from anywhere with just a few clicks on your smartphone. Every brokerage platform has its own specific process to apply for an IPO. Check out the general steps:
Step 1: Conduct thorough research about the company, its performance, fundamentals, industry, future plans and historical data before investing in its IPO.
Step 2: You need a trading account, a demat account and a bank account to apply for an IPO. Firstly, log in to your online brokerage account.
Step 3: Find the IPO tab and head to the current IPO section. Here, you can select the name of the company IPO you are interested in.
Step 4: Next, enter the lot size, or the number of IPO shares, you are interested in buying. Then, select the bid price.
Step 5: Add your UPI ID and hit the submit button. Once you approve the transaction using your UPI app, your bid will be approved by the exchange.

How to apply for IPO on IDirect?

One of India’s top stock broking platforms, IDirect helps you invest in a range of IPOs quickly and conveniently. All you have to do is:

  • Step 1: Log in to your IDirect account and select the ‘IPO Section’. Here, choose the ‘Place Order’ option.
  • Step 2: Select the IPO you wish to apply for from the given list and click on ‘Go’.
  • Step 3: You can set the cut-off price and enter the number of shares you want to apply for and then, click on ‘Submit’.
  • Step 4: Accept the terms and conditions and click on ‘Confirm’.
  • Step 5: In case of a shortfall in the funds allocation under IPO, you will be shown a prompt that confirms the allocation of the required amount. You can then click on ‘Submit’ to proceed with the fund allocation.
  • Step 6: You can click on the IPO Order Book to view your order. Do note that if the time application is reflected as ‘Under Process’ you cannot revise or withdraw your order.
  • Step 7: As soon as the order is executed, you will have the option to revise or withdraw.
  • Step 8: If you do withdraw or revise your bid, you will be shown a confirmation window. You will have to click on ‘OK’ to confirm the same.

IPO NEWS

Updater Services IPO ends with 2.90x subscription

The Qualified Institutional Buyers (QIBs) category was subscribed 4.48 times. The Ret...

Sep 28, 2023 11:34
Updater Services IPO subscribed 2.90 times

The initial public offer (IPO) of Updater Services received bids for 3,47,41,450 shar...

Sep 27, 2023 17:43
JSW Infrastructure IPO subscribed 37.37 times

The initial public offer (IPO) of JSW Infrastructure received bids for 5,09,32,89,432 shar...

Sep 27, 2023 17:39
Valiant Laboratories IPO subscribed 33%

The initial public offer (IPO) of Valiant Laboratories received bids for 24,81,045 sh...

Sep 27, 2023 17:17
Manoj Vaibhav Gems N Jewellers IPO ends with 2.25x subscription

The Non Institutional Investors (NIIs) category was subscribed 5.18 times. The Retail Indi...

Sep 27, 2023 14:32
Manoj Vaibhav Gems N Jewellers IPO subscribed 2.25 times

The initial public offer (IPO) of Manoj Vaibhav Gems N Jewellers received bids for 2,05,05...

Sep 26, 2023 17:18

IPO FAQs

Do you need a demat and trading account to invest in an IPO?

You need a demat account linked to your bank account to apply for an IPO. However, if you plan to sell the shares after listing, you must also have a trading account.

Companies can launch IPOs for multiple reasons like raising capital for growth and expansion, benefiting by listing on stock exchanges, giving full or partial exits to promoters and early investors, debt repayment or catering to daily working capital requirements.

The company sells new shares and securities for the first time to the public in the primary market through an IPO. In the secondary market, these shares securities are traded by investors.