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%.
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How to enhance chances of IPO allotment?
News
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Sanstar IPO ends with blockbuster subscription
The initial public offer (IPO) of Sanstar received 3,11,94,96,150 bids for shares as against 3,75,90,000 shares on offer, according to stock exchange data at 17:45 IST on Tuesday (23 July 2024). The issue was subscribed 82.99 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 145.68 times. The Non Institutional Investors (NIIs) category was subscribed 136.50 times. The Retail Individual Investors (RIIs) category was subscribed 24.23 times.
The issue opened for bidding on Friday (19 July 2024) and it closed on Tuesday (23 July 2024). The price band of the IPO was fixed at Rs 90 to 95 per share. An investor can bid for a minimum of 150 equity shares and in multiples thereof.
The IPO comprises fresh issue of up to 4.18 crore equity shares and offer for sale of up to 1.19 crore equity shares.
The net proceeds will be used from the fresh issue to fund capital expenditure of Rs 181.56 crore for expansion of the Dhule facility, repayment and pre-payment, in part or in full, of borrowings of Rs 100 crore, and the balance towards general corporate purposes.
Ahead of the IPO, Sanstar on Wednesday, 18 July 2024, raised Rs 153.04 crore from anchor investors. The board allotted 1.61 crore shares at Rs 95 each to 12 anchor investors.
Incorporated on February 26, 1982, the Sanstar Group comprisedtwo entities: Sanstar and Sanstar Bio Polymers. The group manufactures maize-based specialty products and ingredients solutions and its co-products such as gluten, germ and bran. Sanstar and Sanstar Biopolymers were merged on November 23, 2023.
Sanstar's products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches and co-products like germs, gluten, fiber and enriched protein.
The firm reported a net profit of Rs 66.77 crore and sales of Rs 1,067.27 crore for the twelve months ended on 31 March 2024.
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BSE SME IPO of VVIP Infratech subscribed 4.12 times
The initial public offer (IPO) of VVIP Infratech received bids for 2,71,56,000 shares as against 65,82,000 shares on offer, as per BSE data as of 17:00 hours on Tuesday (23 July 2024). The issue was subscribed 4.12 times.
The issue opened for bidding on Tuesday (23 July 2024) and it will close on Thursday (25 July 2024). The price band of the IPO is fixed between Rs 91 to Rs 93 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on BSE's SME platform.
The IPO comprises fresh issue of 65,82,000 equity shares. The promoter and promoter group shareholding will dilute to 68% from 92.34% pre-issue.
About 3,38,400 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 62,43,600 equity shares. The issue and the net issue will constitute 26.36% and 25% 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, capital expenditure and general corporate purpose.
Ahead of the IPO, VVIP Infratech on Monday, 22 July 2024, raised Rs 17.40 crore from anchor investors. The board allotted 18.72 lakh shares at Rs 93 per share to 7 anchor investors.
Vibhor Vaibhav Infra Private (VVIPL) is engaged in the business of execution and construction of infrastructure projects such as Sewer, Sewer Treatment Plants, Water Tanks, Water Treatment Plants, Sector Development work, Electrical Distribution. It has spread business operations in field of Infrastructure, Real Estate, Electrical and Civil work. The company has an order book of Rs 477.62 crore, including an operation and maintenance (O&M) order book of Rs 126.19 crore as on 31 January 2024. The company has 167 employees.
The company recorded revenue from operations of Rs 283.52 crore and net profit of Rs 21.03 crore for the period as on 31 March 2024.
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Sanstar IPO subscribed 82.98 times
The initial public offer (IPO) of Sanstar received 3,11,93,80,950 bids for shares as against 3,75,90,000 shares on offer, according to stock exchange data at 17:45 IST on Tuesday (23 July 2024). The issue was subscribed 82.98 times.
The issue opened for bidding on Friday (19 July 2024) and it will close on Tuesday (23 July 2024). The price band of the IPO is fixed at Rs 90 to 95 per share. An investor can bid for a minimum of 150 equity shares and in multiples thereof.
The IPO comprises fresh issue of up to 4.18 crore equity shares and offer for sale of up to 1.19 crore equity shares.
The net proceeds will be used from the fresh issue to fund capital expenditure of Rs 181.56 crore for expansion of the Dhule facility, repayment and pre-payment, in part or in full, of borrowings of Rs 100 crore, and the balance towards general corporate purposes.
Ahead of the IPO, Sanstar on Wednesday, 18 July 2024, raised Rs 153.04 crore from anchor investors. The board allotted 1.61 crore shares at Rs 95 each to 12 anchor investors.
Incorporated on February 26, 1982, the Sanstar Group comprisedtwo entities: Sanstar and Sanstar Bio Polymers. The group manufactures maize-based specialty products and ingredients solutions and its co-products such as gluten, germ and bran. Sanstar and Sanstar Biopolymers were merged on November 23, 2023.
Sanstar's products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches and co-products like germs, gluten, fiber and enriched protein.
The firm reported a net profit of Rs 66.77 crore and sales of Rs 1,067.27 crore for the twelve months ended on 31 March 2024.
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Sanstar IPO subscribed 13.47 times
The initial public offer (IPO) of Sanstar received 50,64,45,900 bids for shares as against 3,75,90,000 shares on offer, according to stock exchange data at 17:00 IST on Monday (22 July 2024). The issue was subscribed 13.47 times.
The issue opened for bidding on Friday (19 July 2024) and it will close on Tuesday (23 July 2024). The price band of the IPO is fixed at Rs 90 to 95 per share. An investor can bid for a minimum of 150 equity shares and in multiples thereof.
The IPO comprises fresh issue of up to 4.18 crore equity shares and offer for sale of up to 1.19 crore equity shares.
The net proceeds will be used from the fresh issue to fund capital expenditure of Rs 181.56 crore for expansion of the Dhule facility, repayment and pre-payment, in part or in full, of borrowings of Rs 100 crore, and the balance towards general corporate purposes.
Ahead of the IPO, Sanstar on Wednesday, 18 July 2024, raised Rs 153.04 crore from anchor investors. The board allotted 1.61 crore shares at Rs 95 each to 12 anchor investors.
Incorporated on February 26, 1982, the Sanstar Group comprisedtwo entities: Sanstar and Sanstar Bio Polymers. The group manufactures maize-based specialty products and ingredients solutions and its co-products such as gluten, germ and bran. Sanstar and Sanstar Biopolymers were merged on November 23, 2023.
Sanstar's products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches and co-products like germs, gluten, fiber and enriched protein.
The firm reported a net profit of Rs 66.77 crore and sales of Rs 1,067.27 crore for the twelve months ended on 31 March 2024.
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Sanstar IPO subscribed 1.91 times
The initial public offer (IPO) of Sanstar received 7,19,59,350 bids for shares as against 3,75,90,000 shares on offer, according to stock exchange data at 17:00 IST on Friday (19 July 2024). The issue was subscribed 1.91 times.
The issue opened for bidding on Friday (19 July 2024) and it will close on Tuesday (23 July 2024). The price band of the IPO is fixed at Rs 90 to 95 per share. An investor can bid for a minimum of 150 equity shares and in multiples thereof.
The IPO comprises fresh issue of up to 4.18 crore equity shares and offer for sale of up to 1.19 crore equity shares.
The net proceeds will be used from the fresh issue to fund capital expenditure of Rs 181.56 crore for expansion of the Dhule facility, repayment and pre-payment, in part or in full, of borrowings of Rs 100 crore, and the balance towards general corporate purposes.
Ahead of the IPO, Sanstar on Wednesday, 18 July 2024, raised Rs 153.04 crore from anchor investors. The board allotted 1.61 crore shares at Rs 95 each to 12 anchor investors.
Incorporated on February 26, 1982, the Sanstar Group comprisedtwo entities: Sanstar and Sanstar Bio Polymers. The group manufactures maize-based specialty products and ingredients solutions and its co-products such as gluten, germ and bran. Sanstar and Sanstar Biopolymers were merged on November 23, 2023.
Sanstar's products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches and co-products like germs, gluten, fiber and enriched protein.
The firm reported a net profit of Rs 66.77 crore and sales of Rs 1,067.27 crore for the twelve months ended on 31 March 2024.
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