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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.
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Paradeep Phosphates Ltd

Founded in 1981 under the Companies Act, 1956, Paradeep Phosphates Limited (PPL) is India's third-largest producer of non-urea fertilizer and the second-largest producer of Di-Ammonium Phosphate (DAP). The company has a proven track record of achieving robust financial results.

Having an annual turnover of about Rs. 5,000 crores, the company manufactures, trades distributes, and sells various types of complex fertilisers. This includes DAP, a total of three types of NPK (NP-10, NP-12, NP-20), Zypmite, Phosphogypsum, and Hydroflorosilicic Acid (HFSA). Additionally, the company engages in the trading, distribution, and sales of Muriate of Potash (MOP), Ammonia, Specialty Plant Nutrients (SPN), and City Compost.

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Paytm Ipo 24

Paytm (a partial abbreviation for "pay through mobile") is an Indian multinational technology company that specializes in digital payment system, e-commerce and financial services, based in Noida. Paytm is currently available in 11 Indian languages and offers online use-cases like mobile recharges, utility bill payments, travel, movies, and events bookings as well as in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, tolls, pharmacies and educational institutions with the Paytm QR code.[4] As of 2020, Paytm is valued at US$16 billion,[5] making it one of the highest valued fintech companies in the world

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Zomato

  • Zomato is one of India’s most popular restaurant aggregator and food delivery provider
  • The company filed its Draft Red Herring Prospectus (DRHP) on 28th April’21 with SEBI
  • With investors waiting eagerly, the IPO is set to be launched soon
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Titan

  • Titan is one of India’s most popular restaurant aggregator and food delivery provider
  • The company filed its Draft Red Herring Prospectus (DRHP) on 28th April’21 with SEBI
  • With investors waiting eagerly, the IPO is set to be launched soon
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Metro Brands ltd

Every day new opportunities break new ground and create new connections. And for it to keep functioning smoothly, it needs to be fuelled by money that reaches everywhere it needs to be, flows seamlessly and knows the heart of the economy and energizes it.

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CMS INFO SYSTEMS LTD

Every day new opportunities break new ground and create new connections. And for it to keep functioning smoothly, it needs to be fuelled by money that reaches everywhere it needs to be, flows seamlessly and knows the heart of the economy and energizes it.

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AGS TRANSACT TECHNOLOGIES LTD

Every day new opportunities break new ground and create new connections. And for it to keep functioning smoothly, it needs to be fuelled by money that reaches everywhere it needs to be, flows seamlessly and knows the heart of the economy and energizes it.

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Adani Wilmar Ltd

Adani Wilmar is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. The company offers a range of staples such as wheat flour, rice, pulses and sugar. Their products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups

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five star business finance ltd ipo

Adani Wilmar is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. The company offers a range of staples such as wheat flour, rice, pulses and sugar. Their products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups

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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
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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

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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

JNK India IPO subscribed 1.03 times

The initial public offer (IPO) of JNK India received 1,14,14,556 bids for shares as agains...

Apr 24, 2024 17:34
JNK India IPO subscribed 49%

The initial public offer (IPO) of JNK India received 53,86,212 bids for shares as against ...

Apr 23, 2024 17:35
BSE SME IPO of Shivam Chemical subscribed 95%

The initial public offer (IPO) of Shivam Chemical received bids for 43,77,000 shares as ag...

Apr 23, 2024 17:15
Vodafone Idea FPO subscribed 6.36 times

The follow-on public offer (FPO) of Vodafone Idea was subscribed 6.36 times on the th...

Apr 22, 2024 18:23
BSE SME IPO of Varyaa Creations subscribed 66%

The initial public offer (IPO) of Varyaa Creations received bids for 8,92,000 shares as ag...

Apr 22, 2024 17:11
Vodafone Idea FPO subscribed 0.49 times

The follow-on public offer (FPO) of Vodafone Idea was subscribed 0.49 times on the se...

Apr 19, 2024 17:48

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.