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
MSTC Ltd 13 Mar 20 Mar Book Building 90 120.00 No File Place Order
Artedz Fabs Ltd 18 Mar 20 Mar Book Building - SME 3000 34.00 No File Place Order
Embassy Office Parks REIT 18 Mar 20 Mar Book Building 800 299.00 No File Place Order
Roopshri Resorts Ltd 19 Mar 22 Mar Fixed Price - SME 6000 20.00 No File Place Order

New Listing Issues More

Company Date Listing Price High Low LTP Volume (Nos.)
Mahip Industries 19 Mar 32.00 33.50 32.65 33.40 252000
Gleam Fabmat 19 Mar 9.00 8.90 6.25 6.26 440000
Kranti Indust. 19 Mar 35.25 35.35 35.25 35.25 6000
Jonjua Overseas 14 Mar 12.00 10.70 10.70 10.70 80000

Top Performing Issues More

Company Listed On Issue Price Current Price Change
Mishra Dhatu Nig 04 Apr 90.00 144.90 66.55
Fine Organic 02 Jul 783.00 1299.00 59.39
AAVAS Financiers 08 Oct 821.00 1143.00 50.79
Rites 02 Jul 185.00 270.05 42.13

Closed Issues More

Company Issue Type Open Date Close Date Offer Price
Humming Bird Education Ltd Fixed Price - SME 15 Mar 19 Mar 132.00
Ashapuri Gold Ornament Ltd Fixed Price - SME 13 Mar 18 Mar 51.00
Aartech Solonics Ltd Fixed Price - SME 12 Mar 18 Mar 34.00
Mahip Industries Ltd Fixed Price - SME 26 Feb 01 Mar 32.00

Forthcoming Issues More

Company Issue Type Issue Size (In ` Crore) Lot Size Open Date Close Date Offer Price
Northern Spirits Ltd Fixed Price - SME 18.50 3000 22 Mar 27 Mar 43.00

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.