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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

Go Digit General Insurance IPO

  • One of the leading digital full stack insurance companies
  • The fastest growing insurer among private non-life insurers by GWP from FY22 to FY23
  • As per the RHP, the offer consists of fresh issue of size up to 1125 Crores and Offer for sale aggregating up to 5.47 Crore equity shares

Awfis Space Solutions IPO

  • The largest flexible workspace solutions company in India
  • The Ranked 1st among the top 5 benchmarked players in the flexible workspace segment
  • As per the RHP, the offer consists of fresh issue of size up to 128 Crores and Offer for sale aggregating up to 1.23 Crore equity shares

Aadhar Housing Finance IPO

  • A HFC focused on the low-income housing segment in India
  • Have a presence in 20 states and union territories, which is the highest among the peers as of March 31, 2023
  • As per the DRHP, the offer consists of fresh issue of size up to 1000 Crores and Offer for sale aggregating up to 2000 Crores

JNK India Ltd. IPO

  • One of the leading Heating Equipment companies in India
  • As of March 31, 2023, they have served 17 Customers in India and seven customers overseas.
  • As per the DRHP, the offer consists of fresh issue of size up to 300 Crores and Offer for sale aggregating up to 84 Lakhs equity shares

Vodafone Idea Ltd. FPO

  • The third largest telecommunications service provider in India based on subscriber base
  • As of December 31, 2023, they had over 223.0 million subscribers & a subscriber market share of 19.3%
  • As per the RHP, the offer consists of fresh issue of size up to Rs.18,000 Cr.

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

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

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

The initial public offer (IPO) of Aimtron Electronics received bids for 81,53,600 sha...

May 30, 2024 17:03

The initial public offer (IPO) of Beacon Trusteeship received bids for 11,20,66,000 shares...

May 28, 2024 17:10

The initial public offer (IPO) of Awfis Space Solutions received 93,68,22,510 bids for sha...

May 28, 2024 16:55

The initial public offer (IPO) of Awfis Space Solutions received 93,34,35,711 bids for sha...

May 27, 2024 17:37

The initial public offer (IPO) of Vilas Transcore received bids for 4,53,69,000 share...

May 27, 2024 17:05

The initial public offer (IPO) of Awfis Space Solutions received 9,83,73,951 bids for shar...

May 24, 2024 17:16

IPO FAQs

An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.

A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO).

Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares.

If an investor wants to place bids for less than Rs.2 lacs, he needs to apply in the Retail segment. If an investor wants to bid for more than Rs.2 lacs, he needs to apply in the HNI segment.

Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.

When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.

An investor can apply in all Mainboard IPOs through ICICIdirect. However, if the investor wants to apply in SME IPOs, he/she can do it through the net banking portal of ICICI Bank.

ASBA stands for "Applications Supported by Blocked Accounts". At the time of bidding, investors’ account is blocked to the extent of the bid amount and debited only at the time of allotment. This facility is being offered by ICICIDirect in affiliation with ICICI Bank Limited.

In other payment options, the bid amount is debited when investors’ bid application is placed with the stock exchanges. Under the ASBA process, the amount will be debited from investors’ bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in investors’ bank account.

Application under this facility can be placed only for Book Built Public Issues.

An investor can place maximum of 3 bids in an issue.

The investor with Demat account in ICICIdirect can apply in an IPO by logging in to his ICICIdirect Account. The investor needs to select IPO and then the name of the IPO in which he would like to apply. Given below is the path:

Login to ICICIdirect account >> IPO >> Name of IPO

Investor can apply in the retail section of an IPO through iDirect Portal even if he has a 2-in-1 account (Demat, Trading Accounts) with us and Bank account with third party.

Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised.

However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment

No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected.

If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.

In cases where issue is over-subscribed, bidding for more than 1 lot from the same account doesn’t help as maximum of only 1 lot can be provided against each application. However, if the investor applies for 1 lot from different accounts, the probability of allocation of shares increases.