Current IPO
An Initial Public Offering (IPO) allows a company to offer its shares to the public for the first time. Investors can apply for an IPO during the subscription period after reviewing details such as issue price, lot size, financial information, and other disclosures. Also get current IPO details, the difference between Mainboard and Small and Medium Enterprise (SME) IPOs, the IPO application process, allotment-related points, required documents, and factors investors may consider while applying for an IPO.
An Initial Public Offering (IPO) allows a company to raise funds by offering shares to the public for the first time. Current IPOs are open for applications during a specified period. Investors can compare issue prices, lot sizes, subscription dates and company details before applying. With 5paisa, investors can explore IPO information and apply for eligible issues through the platform.
Current IPO stands for an IPO that is currently available for subscription or bidding. Investors can apply for the stock during this process based on the price range and amount of investment as stated in the IPO document.
Each IPO has different starting date, ending date, issue price or price band, as well as lot size and allotment details. It is important to read about all the above-mentioned information prior to application.
Currently, IPOs can be of two types – main board and SMEs. It is essential to read the documentation related to the company as well as assess its financial performance and risks.
Investors looking for a current IPO in India can check the latest issue details on 5paisa and official stock exchange websites.
IPOs are issued by companies either as a means of raising money or to facilitate the sale of stock by existing stockholders through an offer for sale. Applications from investors come during the subscription period, and the allotment of shares takes place depending on the rule of that particular IPO.
There are basically two methods used for pricing in the process of IPOs issuance:
- Book Building – The company declares a price band. Investors make bids within the allowable price band, and the issue price is decided through the book-building process.
- Fixed Price – The company sets the issue price.
In a book-built IPO, investors must follow the permitted bidding rules and select their bid price where applicable. In a fixed-price IPO, the application is made at the stated price.
After the issue closes, the allotment process is completed. Funds for allotted shares are collected, while funds for unallotted shares are released or refunded as applicable. The shares are then credited to successful applicants' Demat accounts before listing, according to the issue schedule.
Mainboard and SME IPOs allow companies to raise funds from public investors, but they differ in listing requirements, company profiles and trading characteristics.
| Basis | Mainboard IPO | SME IPO |
|---|---|---|
| Companies | Generally larger, established businesses | Small and medium-sized enterprises |
| Listing platform | Mainboard of NSE or BSE | NSE Emerge or BSE SME |
| Lot size | Depends on the issue and applicable rules | May involve larger application sizes |
| Investor participation | Categories and eligibility depend on issue rules | Eligibility and application rules may differ |
| Trading considerations | Depends on liquidity and market demand | Liquidity may be more limited for some stocks |
Before applying for a current IPO open for subscription, confirm its closing date and ensure that sufficient funds are available. An application does not guarantee allotment.
- Company Background: Understand the business, products, customers and industry.
- Financial Performance: Review revenue, profitability, debt and cash flow.
- Issue Price: Consider the valuation in relation to the company's financial performance and comparable businesses.
- Use of Proceeds: Check how the company plans to use the funds raised.
- Opening and Closing Dates: Apply within the specified subscription period.
- Lot Size and Investment Amount: Confirm the minimum application amount and applicable category limits.
- Risk Factors: Read the offer document to understand potential business and financial risks.
- Subscription data: Use category-wise demand figures as one reference, not as a guarantee of allotment or returns.
Investors will require a PAN card, Demat account, trading account with a stockbroker, and a linked bank account. A unique UPI ID may be necessary while applying for mutual funds via UPI.
The name and other details across the concerned accounts must match the relevant application requirement criteria. Other documents can also be required based on the investor type and the issue of guidelines.
Eligible investors can apply for an IPO through the 5paisa platform by following these general steps:
- Log in to your 5paisa account.
- Open the IPO section and select an issue that is currently open.
- Review the issue details, lot size and applicable price band.
- Enter the required quantity, bid price and investor details.
- Provide your UPI ID, where the UPI application route is available.
- Submit the application and approve the mandate request in your UPI app before its deadline.
- Check the application status on the platform.
Applying does not mean that allotment will take place. Make sure that there are enough funds available and follow the guidelines of the application accordingly.
IPO subscription indicates the extent of demand for the shares during the time of bidding. The IPO subscription is normally disclosed separately for the category of retail individual investors, non-institutional investors and QIBs.
Grey Market Premium (GMP) is an unofficial indication of the premium at which IPO shares are reportedly traded in the grey market before listing. It is not an official exchange price and may change quickly. GMP figures may also be unverified.
Investors should not rely on GMP alone when deciding whether to apply. Review the company's fundamentals, valuation, offer documents and official subscription data before making a decision.
An IPO follows a series of steps after its subscription period ends. The exact schedule depends on the issue and applicable exchange requirements.
- Issue closes: Applications are no longer accepted after the deadline.
- Allotment is finalised: The basis of allotment is completed according to the applicable rules.
- Funds are processed: Funds for allotted shares are collected, while funds for unallotted shares are released or refunded as applicable.
- Shares are credited: Allotted shares are credited to successful applicants' Demat accounts.
- Listing begins: The shares become available for trading on the scheduled date, subject to applicable requirements.
Investors should refer to official registrar and exchange updates for confirmed dates and allotment results.
5paisa gives investors the facility to get information related to IPOs and a platform to apply for an IPO online that is eligible for the same.
Investors have the option to study the available issues, important dates, and the process of applying through their account. The Current IPO List can help investors review the issues available for subscription.
It is important to carefully study the offer documentation of the company and assess risks before applying for an IPO as there are chances of application eligibility, application norms, and allotment constraints.
An investor should not depend on an application success and high subscription level to make profits from the listing.
How to Apply for a Current IPO?
Login to your 5paisa account and select the issue in the
current IPO section
Enter the number of lots and price at which you wish to
apply for
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange
You will receive a mandate notification to block funds in
your UPI app
Approve the mandate request on your UPI and funds
will be blocked
Subscription Status update for Current IPOs
| QIB | NII | Retail | EMP | Others | TOTAL | |
|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - |
The above table is empty because no IPOs are open.
