IPO's of 2024
Company | Date | Issue Size | Price |
---|---|---|---|
Sanofi India Ltd | 5 april - 8 april | 200 cr | 300-320 Rs |
HDFC Bank | 5 april - 8 april | 200 cr | 450-460 Rs |
Infosys | 5 april - 8 april | 500 cr | 1900-1980 Rs |
Infosys | 5 april - 8 april | 500 cr | 300-320 Rs |
HCL Tech | 5 april - 8 april | 1800 cr | 450-460 Rs |
HCL Tech | 5 april - 8 april | 1800 cr | 1900-1980 Rs |
HCL Tech | 5 april - 8 april | 200 cr | 300-320 Rs |
Tata Steel | 5 april - 8 april | 200 cr | 450-460 Rs |
Tata Steel | 5 april - 8 april | 500 cr | 1900-1980 Rs |
Tata Steel | 5 april - 8 april | 500 cr | 300-320 Rs |
Tata Steel | 5 april - 8 april | 1800 cr | 450-460 Rs |
Tata Steel | 5 april - 8 april | 1800 cr | 1900-1980 Rs |
Tata Steel | 5 april - 8 april | 200 cr | 300-320 Rs |
Tata Steel | 5 april - 8 april | 200 cr | 450-460 Rs |
Tata Steel | 5 april - 8 april | 500 cr | 1900-1980 Rs |
FAQs
What is an IPO?
Share markets are of two types – primary markets and secondary markets. Primary markets involve the public investing in the latest upcoming IPOs. IPO or Initial Public Offering is the process through which a previously completely private business opens up its shares to be traded in public on an exchange. When a company goes public, it hires investment banks to make sure that the IPO results in a high influx of capital from the public. The process involves significant efforts in due diligence, advertising, and regulatory compliance. The public buying the newly offered shares includes both retail and institutional investors while those selling the shares include promoters and initial investors of the company.
Who Can Invest in an IPO?
The Securities and Exchange Board of India (SEBI) allows 4 categories of investors to bid for shares during an IPO process – Qualified institutional investors (QIIs): QIIs include commercial banks, public institutions, mutual funds, and foreign portfolio investors registered with SEBI. SEBI regulations require that institutional investors sign a contract that locks them in the IPO for 90 days. This is done to keep volatility to a minimum throughout the IPO process. Anchor investors: QIIs who apply for the IPO and have assets worth more than ₹10 crores are considered anchor investors. They are allowed to purchase up to 60% of the shares reserved for the QIIs. Retail investors: Retail investors can invest up to ₹2 lakhs in each new IPO. Companies must allocate a minimum of 35% of the issue for retail investors under a quota. SEBI has also mandated that if the offer is oversubscribed, all retail investors are to be issued at least 1 lot of shares. If it is impractical to distribute one lot per investor, a lottery system will be used to allocate the IPO shares to the general public. High-net-worth individuals (HNIs) or non-institutional investors (NIIs): The investor is automatically categorised as an HNI if they opt to invest between ₹2 lakhs to ₹5 lakhs investment in the IPO. On the other hand, non-institutional investors are institutions that seek to invest more than ₹2 lakh. The difference between a QII and an NII is that the NIIs are not required to be registered with the SEBI.