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IPO
An Initial Public Offering or IPO is when equity shares of a company are offered to the public on the open market i.e. the stock market for the first time. The company going public raises capital and funds by trading IPO shares. During the IPO trading, a fraction of shares are reserved for different types of investors including Individual investors, Qualified Institutional Buyers and High Net-worth Individuals. The IPO is either a Fixed Price Issue or Book Built Issue.
Features of IPO
PAPERLESS APPLICATION
Apply for your desired IPO shares from the comfort of your home with just a demat account.
ATTRACTIVE PRICING
Pick from the IPO listings to take advantage of the competitive prices offered by companies.
HASSLE-FREE REFUND
Get automatic refunds to your bank account in case of no IPO allotment. ASBA facilitates only fund blocking.
MULTIPLE MODES TO APPLY
Apply for IPO shares through any of our online trading platforms, or with a single click from our Mobile App, or from any of our branch offices.
What types of instruments' Initial Public offerings are offered ?
Initial Public offering of the following financial instruments are offered
- Equity shares
- Non-convertible debenture
- Bonds
What is a price band?
The price band is a band of price within which investors can bid. The spread between the floor and the cap of the price band shall not be more than 20%. The price band can be revised. If revised, the bidding period shall be extended for a further period of three days, subject to the total bidding period not exceeding thirteen days.
What is a bid lot?
A Bid-lot is the pre-determined number of shares which have to be applied for by an investor. It is different for each issue. There is a minimum lot size which is pre-decided by the company and mentioned in the application form. Eg: Minimum bid lot in IPO of XYZ co. - 10 Bid-lot Multiples of 10 Pric...
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What is price discovery?
Based on demand at various prices,the Issuer Company, in consultation with BRLMs decides the final price of the offer. The price thus finalized is called the discovered price.
Educational Video
19-09-2018;
Investing in IPO
Interested in knowing how an Initial Public Offering (IPO) works and how to apply for an IPO? Watch this video to learn more.
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