IPO - Initial Public Offerings

The recently listed IPOs are True Colours IPO, TruAlt Bioenergy IPO, Jinkushal Industries IPO

IPOs are typically open to institutional investors (like mutual funds and pension funds) and individual investors (retail investors) who meet the minimum investment requirements set by the underwriters.

The registrar of an IPO issue is responsible for processing IPO applications, allocating the shares per SEBI rules, processing refunds, and transferring allocated shares to investors' demat accounts.

A follow-on public offer (FPO) is the process through which a company already listed on the stock exchanges issues more shares publicly to raise additional capital. All public issues made after a successful Initial Public Offering are termed FPOs

Primary market is the market where investors can buy shares directly from the issuer company to raise their capital. Secondary market is the market where stocks are traded after they are initially offered to the investor in primary market (IPO's etc.) and get listed to stock exchange.

Initial Public Offering can be made through the fixed price method, book building method or a combination of both. Difference between shares offered through book building and offer of shares through normal public issue.

As per Clause 8.8.1, Subscription list for public issues shall be kept open for at least 3 working days and not more than 10 working days. In case of Book built issues, the minimum and maximum period for which bidding will be open is 3 - 7 working days extendable by 3 days in case of a revision in the price band. The public issue made by an infrastructure company, satisfying the requirements in Clause 2.4.1 (iii) of Chapter II may be kept open for a maximum period of 21 working days. As per clause 8.8.2., Rights issues shall be kept open for at least 30 days and not more than 60 days.

Book Building IPO remains open for 3 to 7 days and may extend for another 3 days in case of revision in price if issue remain unsubscribe in initially decided days. Number of days issue remain open is decided by the issuer company and its issue lead manager. Right issues remain open for minimum 30 day and no longer then 60 days.

Basis of Allotment is a document publishes by registrar of an IPO to stock exchanges and IPO investors. This document provides information about final price fixed for an IPO, issue subscription (bidding) information or demand of an IPO and share allocation ratio.

You can view the latest upcoming/open IPOs on https://www.moneycontrol.com/ipo/

You can check the allotment status for an IPO under Closed IPO > Allotment Status