About IPO
IPO is a process by which private companies go public for the first time and their shares are listed (open for buying and selling) in the stock market. IPO helps investors get the first mover advantage and also assists companies to assess their net worth in the primary market.
Benefits of IPO to Investors
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Opportunity to invest in new companies or startups, otherwise not accessible to general public
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Allows buying shares at a discount to the market price (post listing)
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Possibility of significant listing gains, especially in IPOs of high growth companies
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Absolute transparency with all critical information available in the draft red herring prospectus.
Who can invest in IPO?
While any individual can invest in IPO, there are three distinct categories of IPO investors:
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Institutional investors or Qualified institutional investors
Commercial banks, mutual fund houses, pension funds, foreign portfolio, trusts, etc. QII allotment is capped at 50% by SEBI.
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High networth investors
Non-Qualified institutional investors with net worth of more than ₹2 lakhs. Allotment for HNIs is capped at 15% of the overall subscription.
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Retail investors
Investors with net worth of less than ₹2 lakhs. Minimum allotment capped at 35%.
How to apply for IPO @
How to enhance chances of IPO allotment?
News
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NSE SME IPO of Grill Splendour Services (Birdy's) subscribed 2.01 times
The initial public offer (IPO) of Grill Splendour Services (Birdy's) received bids for 27,61,200 shares as against 13,72,800 shares on offer, as per NSE data as of 17:00 hours on Monday, (15 April 2024). The issue was subscribed 2.01 times.
The issue opened for bidding on Monday, (15 April 2024) and it will close on Thursday, (18 April 2024). The price of the IPO is fixed at Rs 120 per share. The minimum order quantity is 1200 equity shares. The equity shares will list on NSE?s SME platform.
The IPO comprises fresh issue of 13,72,800 equity shares. The promoter and promoter group shareholding will dilute to 36.64% from 49.75% Pre-IPO.
About 69,600 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 13,03,200 equity shares. The issue and the net issue will constitute 26.34% and 25.02% respectively of the post offer paid up equity share capital of the company.
The company intends to utilize the net proceeds to funding additional working capital requirements of the company, to pre-payment/repayment, in full or part, of certain outstanding borrowings availed by the company, to offer expenses and general corporate purpose.
Grill Splendour Services (Birdy's) is engaged in chain of gourmet bakery and Patisserie spread across Mumbai through 17 retail stores, a centralized production facility and multiple corporate clients. Out of these 17 retail stores, 5 stores are running under the franchisee model (franchisee owned, and company operated) and rest 12 stores are owned by company. The company offers fresh food products from traditional to ?made to order? as required by the customers. The company has 77 employees.
The company recorded revenue from operations of Rs 8.83 crore and net profit of Rs 0.61 crore for the period as on 30 November 2023.
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NSE SME IPO of Ramdevbaba Solvent subscribed 3.04 times
The initial public offer (IPO) of Ramdevbaba Solvent received bids for 1,79,93,600 shares as against 59,13,600 shares on offer, as per NSE data as of 17:00 hours on Monday, (15 April 2024). The issue was subscribed 3.04 times.
The issue opened for bidding on Monday, (15 April 2024) and it will close on Thursday, (18 April 2024). The price band of the IPO is fixed at Rs 80 to Rs 85 per share. The minimum order quantity is 1600 equity shares. The equity shares will list on NSE?s SME platform.
The IPO comprises fresh issue of 59,13,600 equity shares. About 3,13,600 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 56,00,000 equity shares. The issue and the net issue will constitute 26.73% and 25.31% respectively of the post offer paid up equity share capital of the company.
The company intends to utilize the net proceeds to meet working capital requirement of the company, to setting up of new manufacturing facility, to repayment in full or in part, of certain of outstanding borrowings and general corporate purpose.
Ahead of the IPO, Ramdevbaba Solvent on Friday, 12 April 2024, raised Rs 14.28 crore from anchor investors. The board allotted 16.80 lakh shares at Rs 85 per share to 7 anchor investors.
Ramdevbaba Solvent is engaged in the business of manufacturing, distribution, marketing and selling of physically refined rice bran oil. The company manufactures and sell rice bran oil to FMCG companies like Mother Dairy Fruit & Vegetable, Marico and Empire Spices and Foods. It also manufacture, market and sell rice bran oil under it?s own brands Tulsi and Sehat through 38 distributors who in turn sell to various retailers across Maharashtra. The company has 491 employees.
The company recorded revenue from operations of Rs 463.59 crore and net profit of Rs 8.28 crore for the period as on 31 December 2023.
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BSE SME IPO of Greenhitech Ventures subscribed 14.99 times
The initial public offer (IPO) of Greenhitech Ventures received bids for 1,88,97,000 shares as against 12,60,000 shares on offer, as per BSE data as of 17:00 hours on Friday, (12 April 2024). The issue was subscribed 14.99 times.
The issue opened for bidding on Friday, (12 April 2024) and it will close on Tuesday, (16 April 2024). The price of the IPO is fixed at Rs 50 per share. The minimum order quantity is 3000 equity shares. The equity shares will list on BSE?s SME platform.
The IPO comprises fresh issue of 12,60,000 equity shares. The promoter and promoter group shareholding will dilute to 70.64% from 96.52% Pre-IPO.
About 66,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 11,94,000 equity shares. The issue and the net issue will constitute 26.81% and 25.40% respectively of the post offer paid up equity share capital of the company.
The company intends to utilize the net proceeds to meet working capital requirement of the company and general corporate purpose.
Greenhitech Ventures is engaged in trading of various petroleum-based products for the different categories of industries based on their requirement. This includes supply of biofuels, bitumen, light density oils, furnace oils etc. The company is also engaged in operation & maintenance as Job worker for Ethanol manufacturing in Government owned distilleries. The company provide business solutions and services to consumers of Fuels and other alternative materials across India. As on 31 January 2024 the company has 68 employees.
The company recorded revenue from operations of Rs 3.35 crore and net profit of Rs 0.35 crore for the period as on 31 January 2024.
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Bharti Hexacom IPO ends with good subscription
The initial public offer (IPO) of Bharti Hexacom received 123,23,48,884 bids for shares as against 4,12,50,000 shares on offer. The issue was subscribed 29.88 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 48.57 times. The Non Institutional Investors (NIIs) category was subscribed 10.52 times. The Retail Individual Investors (RIIs) category was subscribed 2.83 times.
The issue opened for bidding on Wednesday (3 April 2024) and closed on Friday (5 April 2024). The price band of the IPO was fixed at Rs 542 to 570 per share.
The offer comprises entirely an offer for sale (OFS) of 7,50,00,000 equity shares. The company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholder Telecommunications Consultants India Limited (TCIL).
Post issue, parent Bharti Airtel will retain its 70% stake in Bharti Hexacom, while TCIL?s stake will drop to 15%.
Ahead of the IPO, Bharti Hexacom on Tuesday, 2 April 2024 raised Rs 1,923.75 crore from anchor investors. The board allotted 3.37 crore shares at Rs 570 each to 97 anchor investors.
Bharti Hexacom runs mobile services in Rajasthan and the Northeast telecommunication circles of India, comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company offers its services under the brand Airtel.
As of 31 December 2023, the company was present in 486 census towns and had an aggregate of 27.1 million customers across both the circles. The distribution network comprised 616 distributors and 89454 retail touch points. It has invested Rs 206 billion in capital expenditures in its future ready digital infrastructure.
The firm reported a net profit of Rs 281.80 crore and sales of Rs 5,220.80 crore for the nine months ended on 31 December 2023.
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Bharti Hexacom IPO subscribed 29.88 times
The initial public offer (IPO) of Bharti Hexacom received 1,23,23,48,884 bids for shares as against 4,12,50,000 shares on offer, according to stock exchange data at 17:30 IST on Friday (5 April 2024). The issue was subscribed 29.88 times.
The issue opened for bidding on Wednesday (3 April 2024) and it will close on Friday (5 April 2024). The price band of the IPO is fixed at Rs 542 to 570 per share. An investor can bid for a minimum of 26 equity shares and in multiples thereof.
The offer comprises entirely an offer for sale (OFS) of 7,50,00,000 equity shares. The company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholder Telecommunications Consultants India Limited (TCIL).
Post issue, parent Bharti Airtel will retain its 70% stake in Bharti Hexacom, while TCIL?s stake will drop to 15%.
Ahead of the IPO, Bharti Hexacom on Tuesday, 2 April 2024 raised Rs 1,923.75 crore from anchor investors. The board allotted 3.37 crore shares at Rs 570 each to 97 anchor investors.
Bharti Hexacom runs mobile services in Rajasthan and the Northeast telecommunication circles of India, comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company offers its services under the brand Airtel.
As of 31 December 2023, the company was present in 486 census towns and had an aggregate of 27.1 million customers across both the circles. The distribution network comprised 616 distributors and 89454 retail touch points. It has invested Rs 206 billion in capital expenditures in its future ready digital infrastructure.
The firm reported a net profit of Rs 281.80 crore and sales of Rs 5,220.80 crore for the nine months ended on 31 December 2023.
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