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
Mangalam Global Enterprise Ltd 15 Nov 20 Nov Fixed Price - SME 2000 51.00 No File Place Order

New Listing Issues More

Company Date Listing Price High Low LTP Volume (Nos.)
Goblin India 18 Nov 55.00 125.00 117.75 117.75 62000
Gensol Engineer. 18 Nov 0.00 83.10 82.75 83.05 16000
Vishwaraj Sugar 18 Nov 61.20 69.00 65.30 68.75 34283
I R C T C 18 Nov 644.00 924.55 901.60 906.40 75191

Top Performing Issues More

Company Listed On Issue Price Current Price Change
Affle India 08 Aug 745.00 1619.00 74.10
Indiamart Inter. 04 Jul 973.00 2016.80 70.92
Spandana Sphoort 19 Aug 856.00 1270.80 54.22
Metropolis Healt 15 Apr 880.00 1435.20 49.50

Closed Issues More

Company Issue Type Open Date Close Date Offer Price
Anuroop Packaging Ltd Fixed Price - SME 08 Nov 13 Nov 13.00
Gensol Engineering Ltd Book Building - SME 30 Sep 04 Oct 83.00
Goblin India Ltd Book Building - SME 30 Sep 04 Oct 52.00
Sona Hi Sona Jewellers (Gujarat) Ltd Fixed Price - SME 30 Sep 04 Oct 10.00

Forthcoming Issues More

Company Issue Type Issue Size (In ` Crore) Lot Size Open Date Close Date Offer Price
CSB Bank Ltd (Book Built Portion) 405.47 - 409.68 75 22 Nov 26 Nov 193.00

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.