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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Aadhar Housing Finance IPO ends with blockbuster subscription
The initial public offer (IPO) of Aadhar Housing Finance received 1,78,65,45,247 bids for shares as against 7,00,89,373 shares on offer. The issue was subscribed 25.49 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 72.78 times. The Non Institutional Investors (NIIs) category was subscribed 16.50 times. The Retail Individual Investors (RIIs) category was subscribed 2.46 times.
The issue opened for bidding on 8 May 2024 and closed on 10 May 2024. The price band of the IPO was fixed at Rs 300 to 315 per share.
The offer comprised fresh issue of equity shares worth up to Rs 1,000 crore and an offer for sale of 6.35-6.67 crore equity shares aggregating up to Rs 2,000 crore.
The objectives of the fresh issue include augmenting the capital base to meet future capital requirements. The company expects to receive the benefits of listing the equity shares on the stock exchanges, including to enhance brand image among existing and potential customers and creation of a public market for equity shares in India.
Ahead of the IPO, Aadhar Housing Finance on Tuesday, 7 May 2024, raised Rs 897.89 crore from anchor investors. The board allotted 2.85 crore shares at Rs 315 each to 61 anchor investors.
Aadhar Housing Finance is a housing finance company (HFC) focused on the low-income housing segment with a ticket size of less than Rs 15 lakh. The average ticket size of loans was Rs 10 lakh, with an average loan-to-value of 58.3% end December 2023. The company has an extensive network of 487 branches, including 109 sales offices in 20 states and union territories end December 2023. The reach of the company extended to 10,926 pin codes across India end December 2023.
Aadhar offers a range of mortgage-related loan products, including loans for residential property purchase and construction, home improvement and extension loans, and loans for commercial property construction and acquisition.
The firm reported a net profit of Rs 547.88 crore and total income of Rs 1,895.17 crore for the nine months ended on 31 December 2023.
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Aadhar Housing Finance IPO ends with decent subscription
The initial public offer (IPO) of Aadhar Housing Finance received 1,78,65,45,247 bids for shares as against 7,00,89,373 shares on offer. The issue was subscribed 25.49 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 72.78 times. The Non Institutional Investors (NIIs) category was subscribed 16.50 times. The Retail Individual Investors (RIIs) category was subscribed 2.46 times.
The issue opened for bidding on 8 May 2024 and it will close on 10 May 2024. The price band of the IPO was fixed at Rs 300 to 315 per share.
The offer comprised fresh issue of equity shares worth up to Rs 1000 crore and an offer for sale of 6.35-6.67 crore equity shares aggregating up to Rs 2,000 crore.
The objectives of the fresh issue include augmenting the capital base to meet future capital requirements. The company expects to receive the benefits of listing the equity shares on the stock exchanges, including to enhance brand image among existing and potential customers and creation of a public market for equity shares in India.
Ahead of the IPO, Aadhar Housing Finance on 7 May 2024, raised Rs 897.89 crore from anchor investors. The board allotted 2.85 crore shares at Rs 315 each to 61 anchor investors.
Aadhar Housing Finance is a housing finance company (HFC) focused on the low-income housing segment with a ticket size of less than Rs 15 lakh. The average ticket size of loans was Rs 10 lakh, with an average loan-to-value of 58.3% end December 2023. The company has an extensive network of 487 branches, including 109 sales offices in 20 states and union territories end December 2023. The reach of the company extended to 10,926 pin codes across India end December 2023.
Aadhar offers a range of mortgage-related loan products, including loans for residential property purchase and construction, home improvement and extension loans, and loans for commercial property construction and acquisition.
The firm reported a net profit of Rs 547.88 crore and total income of Rs 1,895.17 crore for the nine months ended on 31 December 2023.
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TBO Tek IPO ends with strong subscription
The initial public offer (IPO) of TBO Tek received 80,50,71,440 bids for shares as against 92,85,816 shares on offer. The issue was subscribed 86.70 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 125.51 times. The Non Institutional Investors (NIIs) category was subscribed 50.60 times. The Retail Individual Investors (RIIs) category was subscribed 25.74 times.
The issue opened for bidding on 8 May 2024 and it closed on 10 May 2024. The price band of the IPO was fixed between Rs 875 to Rs 920 per share.
The offer comprised fresh issue of equity shares worth up to Rs 400 crore and an offer for sale of 1,25,08,797 equity shares. The promoter stake, at 51.26%, will dilute post-IPO to 46.8%.
Out of the proceeds from the fresh issue, Rs 135 crore will be used for investment in technology and data solutions, Rs 100 crore towards investment in material subsidiary, Tek Travels DMCC, for on-boarding platform users through marketing and promotional activities, Rs 25 crore towards building sales and marketing infrastructure, Rs 40 crore towards inorganic acquisitions, and the remaining for general corporate purpose.
Ahead of the IPO, TBO Tek on 7 May 2024, raised Rs 696.51 crore from anchor investors. The board allotted 75.70 lakh shares at Rs 920 each to 47 anchor investors.
Established in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help.
The company simplifies the travel business for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail companies, and others, as well as for retail customers such as travel agencies and independent travel consultants, and corporate customers such as tour operators, travel management companies, online travel companies, super apps and loyalty apps through our two-sided technology platform that enables suppliers and customers to connect seamlessly.
The firm reported a net profit of Rs 154.18 crore and sales of Rs 1,023.75 crore for the nine months ended on 31 December 2023.
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Aadhar Housing Finance IPO subscribed 25.49 times
The initial public offer (IPO) of Aadhar Housing Finance received 1,78,64,46,641 bids for shares as against 7,00,89,373 shares on offer, according to stock exchange data at 17:30 IST on Friday (10 May 2024). The issue was subscribed 25.49 times.
The issue opened for bidding on Wednesday (8 May 2024) and it will close on Friday (10 May 2024). The price band of the IPO is fixed at Rs 300 to 315 per share. An investor can bid for a minimum of 47 equity shares and in multiples thereof.
The offer comprises fresh issue of equity shares worth up to Rs 1000 crore and an offer for sale of 6.35-6.67 crore equity shares aggregating up to Rs 2,000 crore.
The objectives of the fresh issue include augmenting the capital base to meet future capital requirements. The company expects to receive the benefits of listing the equity shares on the stock exchanges, including to enhance brand image among existing and potential customers and creation of a public market for equity shares in India.
Ahead of the IPO, Aadhar Housing Finance on Tuesday, 7 May 2024, raised Rs 897.89 crore from anchor investors. The board allotted 2.85 crore shares at Rs 315 each to 61 anchor investors.
Aadhar Housing Finance is a housing finance company (HFC) focused on the low-income housing segment with a ticket size of less than Rs 15 lakh. The average ticket size of loans was Rs 10 lakh, with an average loan-to-value of 58.3% end December 2023. The company has an extensive network of 487 branches, including 109 sales offices in 20 states and union territories end December 2023. The reach of the company extended to 10,926 pin codes across India end December 2023.
Aadhar offers a range of mortgage-related loan products, including loans for residential property purchase and construction, home improvement and extension loans, and loans for commercial property construction and acquisition.
The firm reported a net profit of Rs 547.88 crore and total income of Rs 1,895.17 crore for the nine months ended on 31 December 2023.
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TBO Tek IPO subscribed 86.59 times
The initial public offer (IPO) of TBO Tek received 80,40,80,976 bids for shares as against 92,85,816 shares on offer, according to stock exchange data at 17:30 IST on Friday (10 May 2024). The issue was subscribed 86.59 times.
The issue opened for bidding on Wednesday (8 May 2024) and it will close on Friday (10 May 2024). The price band of the IPO is fixed between Rs 875 to Rs 920 per share. An investor can bid for a minimum of 16 equity shares and in multiples thereof.
The offer comprises fresh issue of equity shares worth up to Rs 400 crore and an offer for sale of 1,25,08,797 equity shares. The promoter stake, at 51.26%, will dilute post-IPO to 46.8%.
Out of the proceeds from the fresh issue, Rs 135 crore will be used for investment in technology and data solutions, Rs 100 crore towards investment in material subsidiary, Tek Travels DMCC, for on-boarding platform users through marketing and promotional activities, Rs 25 crore towards building sales and marketing infrastructure, Rs 40 crore towards inorganic acquisitions, and the remaining for general corporate purpose.
Ahead of the IPO, TBO Tek on Tuesday, 7 May 2024, raised Rs 696.51 crore from anchor investors. The board allotted 75.70 lakh shares at Rs 920 each to 47 anchor investors.
Established in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help.
The company simplifies the travel business for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail companies, and others, as well as for retail customers such as travel agencies and independent travel consultants, and corporate customers such as tour operators, travel management companies, online travel companies, super apps and loyalty apps through our two-sided technology platform that enables suppliers and customers to connect seamlessly.
The firm reported a net profit of Rs 154.18 crore and sales of Rs 1,023.75 crore for the nine months ended on 31 December 2023.
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