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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Garuda Construction and Engg IPO subscribed 1.91 times
The initial public offer (IPO) of Garuda Construction and Engineering received 3,80,15,666 bids for shares as against 1,99,04,862 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (8 October 2024). The issue was subscribed 1.91 times.
The issue opened for bidding on 8 October 2024 and it will close on 10 October 2024. The price band of the IPO was fixed between Rs 90 to 95 per share. An investor can bid for a minimum of 157 equity shares and in multiples thereof.
The public issue of up to 2,78,00,000 equity shares of face value of 5 per equity share comprises fresh issue of up to 1,83,00,000 equity shares and an offer for sale (OFS) up to 95,00,000 equity shares by PKH Ventures, its promoter.
Of the net proceeds from fresh issue, Rs 100 crore will be used to fund the long-term working capital requirements. The balance is for general corporate expenses and unidentified inorganic acquisitions.
Ahead of the IPO, Garuda Construction and Engineering on Monday, 7 October 2024, raised Rs 75 crore from anchor investors. The board allotted 78.95 lakh shares at Rs 95 each to 7 anchor investors.
Garuda Construction and Engineering (GCEL) is a construction company offering end to end civil construction service for residential, commercial, residential cum commercial, infrastructure and industrial projects and additional services for infrastructure and hospitality projects.
Its end-to-end civil construction starts with detailed route survey, designing, detailed engineering, mobilization of resources, micro scheduling of construction activities, obtaining construction permissions and conducting soil/water testing, hiring of contractor / manpower, procurement of material, lab testing, carrying out construction activities as per approved plan and finally handing over the project are per the agreed terms.
The firm reported a consolidated net profit of Rs 36.44 crore and sales of Rs 154.18 crore for the twelve months ended on 31 March 2024.
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KRN Heat Exchanger and Refrigeration IPO ends with more than 214x subscription
The initial public offer (IPO) of KRN Heat Exchanger and Refrigeration received bids for 2,35,71,39,005 shares as against 1,09,93,000 shares on offer. The issue was subscribed 214.42 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 253.04 times. The Non Institutional Investors (NIIs) category was subscribed 431.63 times. The Retail Individual Investors (RIIs) category was subscribed 98.29 times.
The issue opened for bidding on Wednesday (25 September 2024) and it will close on Friday (27 September 2024). The price band of the IPO was fixed between Rs 209 to 220 per share. An investor can bid for a minimum of 65 equity shares and in multiples thereof.
The IPO comprises fresh issue of equity shares of 1,55,23,000 equity share of Rs 10 face value.
Of the net proceeds from the fresh issue, about Rs 242.46 crore will be used towards investment in equity of KRN HVAC Products (a wholly owned subsidiary of the company) which is setting up a new manufacturing facility at Neemrana and the balance of net proceeds is used for general corporate purposes.
Ahead of the IPO, KRN Heat Exchanger and Refrigeration on Tuesday, 24 September 2024, raised Rs 100.10 crore from anchor investors. The board allotted 45.50 lakh shares at Rs 220 each to 10 anchor investors.
KRN Heat Exchanger and Refrigeration (KHERL), promoted by Santosh Kumar Yadav, manufactures fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry ('HVAC&R'). It acts as an OEM supplier for the HVAC industry in India, specializing in manufacturing heat exchangers used in commercial air-conditioning and packaging air conditioning products such as process cooling equipment, data cooling centers, railways/metros, and other commercial air conditioning units.
The firm reported a consolidated net profit of Rs 39.07 crore and Sales of Rs 308.28 crore for the twelve months ended on 31 March 2024.
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Diffusion Engineers IPO ends with nearly 114x subscription
The initial public offer (IPO) of Diffusion Engineers received 75,54,83,608 bids for shares as against 65,98,500 shares on offer. The issue was subscribed 114.49 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 95.74 times. The Non Institutional Investors (NIIs) category was subscribed 207.60 times. The Retail Individual Investors (RIIs) category was subscribed 85.61 times.
The issue opened for bidding on 26 September 2024 and it closed on 30 September 2024. The price band of the IPO was fixed between Rs 159 to 168 per share.
The IPO comprises fresh issue of equity shares of 9405000 equity share of Rs 10 face value.
Of the net proceeds from the fresh issue, about Rs 71.38 crore will be used for funding capital expenditure requirements towards expansion of its existing manufacturing facility Unit IV at Khapri (Uma) in Nagpur, Rs 30.385 crore towards setting up of a new manufacturing facility located at Hingna in Sonegaon District of Maharashtra, Rs 22 crore towards funding working capital requirements of the company and balance for general corporate purposes.
Ahead of the IPO, Diffusion Engineers on Thursday, 5 September 2024, raised Rs 47.14 crore from anchor investors. The board allotted 28.06 lakh shares at Rs 168 each to 5 anchor investors.
Diffusion Engineers, promoted by Prashant Garg, manufactures welding consumables, wear plates and wear parts and heavy engineering machinery for core industries. It provides specialized repairs and reconditioning services for heavy machinery and equipment and trades anti-wear powders and welding and cutting machinery.
The company provides super conditioning process at its manufacturing facilities, a surface treatment solution for machine components that enhances wear resistance, eliminates stress and improves their repairability ultimately extending their lifespan and reducing production costs.
The firm reported a consolidated net profit of Rs 30.80 crore and sales of Rs 278.14 crore for the twelve months ended on 31 March 2024.
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Diffusion Engineers IPO subscribed 54.24 times
The initial public offer (IPO) of Diffusion Engineers received 35,78,76,728 bids for shares as against 65,98,500 shares on offer, according to stock exchange data at 17:00 IST on Monday (30 September 2024). The issue was subscribed 54.24 times.
The issue opened for bidding on 26 September 2024 and it will close on 30 September 2024. The price band of the IPO was fixed between Rs 159 to 168 per share. An investor can bid for a minimum of 88 equity shares and in multiples thereof.
The IPO comprises fresh issue of equity shares of 9405000 equity share of Rs 10 face value.
Of the net proceeds from the fresh issue, about Rs 71.38 crore will be used for funding capital expenditure requirements towards expansion of its existing manufacturing facility Unit IV at Khapri (Uma) in Nagpur, Rs 30.385 crore towards setting up of a new manufacturing facility located at Hingna in Sonegaon District of Maharashtra, Rs 22 crore towards funding working capital requirements of the company and balance for general corporate purposes.
Ahead of the IPO, Diffusion Engineers on Thursday, 5 September 2024, raised Rs 47.14 crore from anchor investors. The board allotted 28.06 lakh shares at Rs 168 each to 5 anchor investors.
Diffusion Engineers, promoted by Prashant Garg, manufactures welding consumables, wear plates and wear parts and heavy engineering machinery for core industries. It provides specialized repairs and reconditioning services for heavy machinery and equipment and trades anti-wear powders and welding and cutting machinery.
The company provides super conditioning process at its manufacturing facilities, a surface treatment solution for machine components that enhances wear resistance, eliminates stress and improves their repairability ultimately extending their lifespan and reducing production costs.
The firm reported a consolidated net profit of Rs 30.80 crore and sales of Rs 278.14 crore for the twelve months ended on 31 March 2024.
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Diffusion Engineers IPO subscribed 27.17 times
The initial public offer (IPO) of Diffusion Engineers received 17,93,02,816 bids for shares as against 65,98,500 shares on offer, according to stock exchange data at 17:00 IST on Friday (27 September 2024). The issue was subscribed 27.17 times.
The issue opened for bidding on 26 September 2024 and it will close on 30 September 2024. The price band of the IPO was fixed between Rs 159 to 168 per share. An investor can bid for a minimum of 88 equity shares and in multiples thereof.
The IPO comprises fresh issue of equity shares of 9405000 equity share of Rs 10 face value.
Of the net proceeds from the fresh issue, about Rs 71.38 crore will be used for funding capital expenditure requirements towards expansion of its existing manufacturing facility Unit IV at Khapri (Uma) in Nagpur, Rs 30.385 crore towards setting up of a new manufacturing facility located at Hingna in Sonegaon District of Maharashtra, Rs 22 crore towards funding working capital requirements of the company and balance for general corporate purposes.
Ahead of the IPO, Diffusion Engineers on Thursday, 5 September 2024, raised Rs 47.14 crore from anchor investors. The board allotted 28.06 lakh shares at Rs 168 each to 5 anchor investors.
Diffusion Engineers, promoted by Prashant Garg, manufactures welding consumables, wear plates and wear parts and heavy engineering machinery for core industries. It provides specialized repairs and reconditioning services for heavy machinery and equipment and trades anti-wear powders and welding and cutting machinery.
The company provides super conditioning process at its manufacturing facilities, a surface treatment solution for machine components that enhances wear resistance, eliminates stress and improves their repairability ultimately extending their lifespan and reducing production costs.
The firm reported a consolidated net profit of Rs 30.80 crore and sales of Rs 278.14 crore for the twelve months ended on 31 March 2024.
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