IPO News

An Initial Public Offering, or IPO, is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity. In case, the company chooses the equity route, the first such offering of equity shares to the public via listing of the shares in the stock markets is called an IPO.

In accordance with the SEBI circular No. CIR/CFD/POLICYCELL/11/2015 , all IPO application forms should be supported by ASBA with client signature on the IPO form. Hence, we request you to visit our branch to subscribe to the IPO, alternatively you may visit your bank branch to submit the IPO subscription form.

Current Issues More

Company Issue Open Issue Close Issue Type Lot Size Offer Price Download Action
Powerful Technologies Ltd 09 Aug 17 Aug Fixed Price - SME 2000 51.00 No File Place Order

New Listing Issues More

Company Date Listing Price High Low LTP Volume (Nos.)
HDFC AMC 13 Aug 1739.00 1740.00 1707.00 1710.50 59259
Ganesh Films 13 Aug 80.00 84.50 82.50 82.60 9600
TCNS Clothing 13 Aug 715.00 645.00 637.90 638.80 5132
Supershakti Met. 13 Aug 377.10 409.00 400.00 400.00 25200

Top Performing Issues More

Company Listed On Issue Price Current Price Change
Apex Frozen 04 Sep 175.00 458.45 126.96
Mishra Dhatu Nig 04 Apr 90.00 131.15 50.75
Rites 02 Jul 185.00 284.85 49.92
HDFC Stand. Life 17 Nov 290.00 461.65 48.92

Closed Issues More

Company Issue Type Open Date Close Date Offer Price
Sungold Media & Entertainment Ltd Fixed Price - SME 09 Aug 14 Aug 10.00
CreditAccess Grameen Ltd (Book Built Portion) 08 Aug 10 Aug 418.00
Deep Polymers Ltd Fixed Price - SME 08 Aug 13 Aug 40.00
Saketh Exim Ltd Fixed Price - SME 01 Aug 03 Aug 69.00

Forthcoming Issues More

Company Issue Type Issue Size (In ` Crore) Lot Size Open Date Close Date Offer Price
Aaron Industries Ltd Fixed Price - SME 4.78 3000 20 Aug 24 Aug 38.00
Add-Shop Promotions Ltd Fixed Price - SME 6.23 4000 21 Aug 30 Aug 26.00
Supreme Engineering Ltd Book Building - SME 17.78 - 21.07 4000 24 Aug 29 Aug 27.00

A corporate may raise capital in the primary market by way of an initial public offer, rights issue or private placement. An Initial Public Offer (IPO) is the selling of securities to the public in the primary market. It is the largest source of funds with long or indefinite maturity for the company.

What is Book Building?

SEBI guidelines defines Book Building as "a process undertaken by which a demand for the securities proposed to be issued by a body corporate is elicited and built-up and the price for such securities is assessed for the determination of the quantum of such securities to be issued by means of a notice, circular, advertisement, document or information memoranda or offer document".

Book Building is basically a process used in Initial Public Offer (IPO) for efficient price discovery. It is a mechanism where, during the period for which the IPO is open, bids are collected from investors at various prices, which are above or equal to the floor price. The offer price is determined after the bid closing date.

As per SEBI guidelines, an issuer company can issue securities to the public though prospectus in the following manner:

The concept of Book Building is relatively new in India. However it is a common practice in most developed countries.

Difference between Book Building Issue and Fixed Price Issue

In Book Building securities are offered at prices above or equal to the floor prices, whereas securities are offered at a fixed price in case of a public issue. In case of Book Building, the demand can be known everyday as the book is built. But in case of the public issue the demand is known at the close of the issue.