About IPO
IPO is a process by which private companies go public for the first time and their shares are listed (open for buying and selling) in the stock market. IPO helps investors get the first mover advantage and also assists companies to assess their net worth in the primary market.
Benefits of IPO to Investors
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Opportunity to invest in new companies or startups, otherwise not accessible to general public
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Allows buying shares at a discount to the market price (post listing)
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Possibility of significant listing gains, especially in IPOs of high growth companies
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Absolute transparency with all critical information available in the draft red herring prospectus.
Who can invest in IPO?
While any individual can invest in IPO, there are three distinct categories of IPO investors:
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Institutional investors or Qualified institutional investors
Commercial banks, mutual fund houses, pension funds, foreign portfolio, trusts, etc. QII allotment is capped at 50% by SEBI.
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High networth investors
Non-Qualified institutional investors with net worth of more than ₹2 lakhs. Allotment for HNIs is capped at 15% of the overall subscription.
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Retail investors
Investors with net worth of less than ₹2 lakhs. Minimum allotment capped at 35%.
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How to enhance chances of IPO allotment?
News
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Shree Tirupati Balajee Agro IPO subscribed 18.16 times
The initial public offer (IPO) of Shree Tirupati Balajee Agro Trading Company received 25,98,48,180 bids for shares as against 1,43,08,000 shares on offer, according to stock exchange data at 17:00 IST on Friday (6 September 2024). The issue was subscribed 18.16 times.
The issue opened for bidding on Thursday (5 September 2024) and it will close on Monday (9 September 2024). The price band of the IPO was fixed between Rs 78 to 83 per share. An investor can bid for a minimum of 180 equity shares and in multiples thereof.
The IPO comprises fresh issue of equity shares worth up to Rs 122.42 crore and an offer for sale of 56,90,000 equity shares aggregating up to Rs 47.22 crore by existing shareholders.
The company proposes to utilize the net proceeds from the fresh issue towards repayment and/or prepayment, in part or full, of certain of its outstanding borrowings availed by the company. Investment in its subsidiaries HPPL, STBFL and JPPL for repayment and/or prepayment, in part or full, of certain of outstanding borrowings availed.
Further, the firm will also utilize the proceeds for funding the incremental working capital requirements of the company; investment in its subsidiaries HPPL, STBFL and JPPL for funding working capital requirements and general corporate purposes.
Ahead of the IPO, Shree Tirupati Balajee Agro Trading Company on Wednesday, 4 September 2024, raised Rs 50.89 crore from anchor investors. The board allotted 61.32 lakh shares at Rs 83 each to 6 anchor investors.
Shree Tirupati Balajee Agro Trading Company is engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, tapes in the Indian domestic market and overseas.
The company offer customised products and cater to the bulk packaging solutions of our clients from diverse industries like chemicals, agrochemicals, food mining, waste disposal industry, agriculture industry, lubricants and edible oil by supplying them our FIBC products for transportation purposes and their packaging requirement. It provides a labor-saving alternative for packaging and transportation, making loading and unloading of vessels, containers, or trucks more efficient.
The company has the largest retail footprint in Eastern India compared to other listed value retailers in Fiscal 2024. As of 31 March 2024, it operated 162 stores across more than 1.47 million square feet in 146 cities. The majority of its stores are operated under the brand name 'Style Bazaar'.
The firm reported a consolidated net profit of Rs 36.07 crore and revenue from operations of Rs 539.66 crore for the twelve months ended on 31 March 2024.
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Shree Tirupati Balajee Agro IPO subscribed 6.36 times
The initial public offer (IPO) of Shree Tirupati Balajee Agro Trading Company received 9,09,66,420 bids for shares as against 1,43,08,000 shares on offer, according to stock exchange data at 17:00 IST on Thursday (5 September 2024). The issue was subscribed 6.36 times.
The issue opened for bidding on Thursday (5 September 2024) and it will close on Monday (9 September 2024). The price band of the IPO was fixed between Rs 78 to 83 per share. An investor can bid for a minimum of 180 equity shares and in multiples thereof.
The IPO comprises fresh issue of equity shares worth up to Rs 122.42 crore and an offer for sale of 56,90,000 equity shares aggregating up to Rs 47.22 crore by existing shareholders.
The company proposes to utilize the net proceeds from the fresh issue towards repayment and/or prepayment, in part or full, of certain of its outstanding borrowings availed by the company. Investment in its subsidiaries HPPL, STBFL and JPPL for repayment and/or prepayment, in part or full, of certain of outstanding borrowings availed.
Further, the firm will also utilize the proceeds for funding the incremental working capital requirements of the company; investment in its subsidiaries HPPL, STBFL and JPPL for funding working capital requirements and general corporate purposes.
Ahead of the IPO, Shree Tirupati Balajee Agro Trading Company on Wednesday, 4 September 2024, raised Rs 50.89 crore from anchor investors. The board allotted 61.32 lakh shares at Rs 83 each to 6 anchor investors.
Shree Tirupati Balajee Agro Trading Company is engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, tapes in the Indian domestic market and overseas.
The company offer customised products and cater to the bulk packaging solutions of our clients from diverse industries like chemicals, agrochemicals, food mining, waste disposal industry, agriculture industry, lubricants and edible oil by supplying them our FIBC products for transportation purposes and their packaging requirement. It provides a labor-saving alternative for packaging and transportation, making loading and unloading of vessels, containers, or trucks more efficient.
The company has the largest retail footprint in Eastern India compared to other listed value retailers in Fiscal 2024. As of 31 March 2024, it operated 162 stores across more than 1.47 million square feet in 146 cities. The majority of its stores are operated under the brand name 'Style Bazaar'.
The firm reported a consolidated net profit of Rs 36.07 crore and revenue from operations of Rs 539.66 crore for the twelve months ended on 31 March 2024.
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Gala Precision Engineering IPO ends with more than 201x subscription
The initial public offer (IPO) of Gala Precision Engineering received 44,79,06,004 bids for shares as against 22,23,830 shares on offer. The issue was subscribed 201.41 times.
The issue opened for bidding on Monday (2 September 2024) and it closed on Wednesday (4 September 2024). The price band of the IPO was fixed between Rs 503 to Rs 529 per share.
The IPO consisted of fresh issue of 25,58,416 equity shares and an offer for sale (OFS) of 6,16,000 equity shares of Rs 10 face value.
Of the net proceeds from fresh issue, about Rs 37 crore will be used for setting up a new facility at Vallam-Vadagal in Tamilnadu; Rs 11.069 crore will be used for funding capital expenditure forpurchase of equipment and machinery at the existing plant at Wada in Maharashtra; Rs 45.43 crore towards repayment and prepayment in full or part of certain borrowing, and the balance is for general corporate purposes.
Total borrowing stood at Rs 55.028 crore end of March 2024.
Ahead of the IPO, Gala Precision Engineering on Friday, 30 August 2024, raised Rs 50.28 crore from anchor investors. The board allotted 9.50 lakh shares at Rs 529 each to 8 anchor investors
Gala Precision Engineering is a precision component manufacturer of technical springs such as DSS (disc springs and strip springs) including WLW (wedge lock washers) and CSS (coil springs and spiral springs). It customizes high tensile fasteners such as studs, anchor bolts, cross bolts, hex bolts, and nuts (special fastening solution or SFS).
The firm reported a net profit of Rs 22.33 crore and sales of Rs 202.55 crore for the twelve months ended on 31 March 2024.
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Gala Precision Engineering IPO subscribed 201.41 times
The initial public offer (IPO) of Gala Precision Engineering received 44,79,03,960 bids for shares as against 22,23,830 shares on offer, according to stock exchange data at 17:48 IST on Wednesday (4 September 2024). The issue was subscribed 201.41 times.
The issue opened for bidding on Monday (2 September 2024) and it will close on Wednesday (4 September 2024). The price band of the IPO is fixed between Rs 503 to Rs 529 per share. An investor can bid for a minimum of 28 equity shares and in multiples thereof.
The IPO consists of fresh issue of 25,58,416 equity shares and an offer for sale (OFS) of 6,16,000 equity shares of Rs 10 face value.
Of the net proceeds from fresh issue, about Rs 37 crore will be used for setting up a new facility at Vallam-Vadagal in Tamilnadu; Rs 11.069 crore will be used for funding capital expenditure forpurchase of equipment and machinery at the existing plant at Wada in Maharashtra; Rs 45.43 crore towards repayment and prepayment in full or part of certain borrowing, and the balance is for general corporate purposes.
Total borrowing stood at Rs 55.028 crore end of March 2024.
Ahead of the IPO, Gala Precision Engineering on Friday, 30 August 2024, raised Rs 50.28 crore from anchor investors. The board allotted 9.50 lakh shares at Rs 529 each to 8 anchor investors
Gala Precision Engineering is a precision component manufacturer of technical springs such as DSS (disc springs and strip springs) including WLW (wedge lock washers) and CSS (coil springs and spiral springs). It customizes high tensile fasteners such as studs, anchor bolts, cross bolts, hex bolts, and nuts (special fastening solution or SFS).
The firm reported a net profit of Rs 22.33 crore and sales of Rs 202.55 crore for the twelve months ended on 31 March 2024.
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Baazar Style Retail IPO ends with over 40x subscription
The initial public offer (IPO) of Baazar Style Retail received 61,11,42,486 bids for shares as against 1,50,30,116 shares on offer. The issue was subscribed 40.66 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 81.83 times. The Non Institutional Investors (NIIs) category was subscribed 59.43 times. The Retail Individual Investors (RIIs) category was subscribed 9.12 times.
The issue opened for bidding on 30 August 2024 and it will close on 3 September 2024. The price band of the IPO was fixed between Rs 370 to 389 per share.
The IPO comprised fresh issue of equity shares worth up to Rs 148 crore and an offer for sale of 1,76,52,320 equity shares aggregating up to Rs 686.68 crore by existing shareholders.
Of the net proceeds from the fresh issue, Rs 146 crore will be used for the prepayment or repayment of certain outstanding borrowings, with the remaining amount allocated for general corporate purposes.
The promoter and promoter group holds an aggregate of 55.03% of the pre-offer issued and paid-up equity share capital. The post IPO shareholding for the same is expected to be around 45.56%.
Ahead of the IPO, Bazaar Style Retail on Thursday, 29 August 2024, raised Rs 250.10 crore from anchor investors. The board allotted 64.29 lakh shares at Rs 389 each to 28 anchor investors.
Bazaar Style Retail is a fashion retailer operating in West Bengal and Odisha, holding 3.03% and 2.22% market share respectively. Its offerings can be bifurcated under the apparels and general merchandise verticals. In FY24, Apparel segment contributed 83.89% to revenue and general merchandise segment 16.11%.
The company has the largest retail footprint in Eastern India compared to other listed value retailers in Fiscal 2024. As of 31 March 2024, it operated 162 stores across more than 1.47 million square feet in 146 cities. The majority of its stores are operated under the brand name 'Style Bazaar'.
The firm reported a consolidated net profit of Rs 21.94 crore and sales of Rs 972.88 crore for the twelve months ended on 31 March 2024.
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