Category: IPO

  • National Securities Depository Limited IPO Day 1: Check GMP, Subscription Status

    National Securities Depository Limited IPO Day 1: Check GMP, Subscription Status

    National Securities Depository Limited (NSDL)’s ₹4,011.60 crore IPO will be open from July 30 to August 1, 2025. It is a fully OFS of 5.01 crore shares. The price band has been fixed at ₹760–₹800 and the listing will take place on BSE on August 6. 

    NDSL IPO Day 1 Subscription Status

    NSDL IPO was subscribed a total of 0.78 times on the first day. The most enthusiasm was seen from NII i.e. non-institutional investors, where 1.32 times bidding took place. In the category of sNII (bid less than ₹ 10 lakh), the subscription reached 1.93 times. There was a strong response of 0.84 times in the retail category and 1.83 times in the employees’ category. At the same time, a slow response has been seen from QIB for the time being.

    Investor CategorySubscription 
    Anchor Investors1.00x
    Qualified Institutional Buyers (QIB)0.26x
    Non-Institutional Investors (NII)1.32x
    bNII (above ₹10 lakh)1.01x
    sNII (less than ₹10 lakh)1.93x
    Retail Individual Investors (RII)0.84x
    Employee Quota1.83x
    Total Subscriptions0.78x

    Total Application : 4,36,481

    Total Bid Amount : ₹2,192 crore

    Objective of the NDSL IPO

    The main objective of the NSDL IPO is to list the company’s equity shares on the BSE, so that the brand’s credibility and transparency in the market is strengthened. Since this is purely an offer for sale, the amount raised from this will not go to the company, but to the investors selling the shares.

    NDSL IPO GMP – Day 1 Update

    The latest grey market premium (GMP) of NSDL IPO is running at ₹135, which was updated at 3:56 pm on July 30, 2025. Considering the price band of ₹800, its estimated listing price is ₹935. That is, there can be a potential gain of about 16.88% per share on listing.

    DateGMP (₹)Est. Listing Price (₹)Gain (%)
    30 July 2025 (DAY-1)₹135₹93516.88%

    Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.

    NDSL IPO – Key Details

    ParticularsDetails
    IPO Opening DateJuly 30, 2025
    IPO Closing DateAugust 1, 2025
    Issue Price Band₹760 to ₹800 per share
    Total Issue Size5,01,45,001 shares(aggregating up to ₹4,011.60 Cr)
    Listing PlatformBSE
    RegistrarMUFG Intime India Private Limited
    NDSL IPO DRHPClick Here
    NDSL IPO RHPClick Here

    Important Dates for NDSL IPO Allotment

    EventDate
    Tentative AllotmentAugust 4, 2025
    Refunds InitiationAugust 5, 2025
    Credit of Shares to DematAugust 5, 2025
    Listing Date on BSE August 6, 2025

    NDSL Overview

    National Securities Depository Limited (NSDL) is one of the oldest and most trusted depository companies in India. Established in 2012, the company operates as a SEBI registered Market Infrastructure Institution (MII). Its main function is to facilitate the holding and transfer of shares and other securities in electronic form. Through NSDL, investors get services like trade settlement, pledging, off-market transfer and corporate actions in demat accounts. Also, features like e-voting, Consolidated Account Statement (CAS) and Non-Disposal Undertaking (NDU) are also available.

    NDSL has two major subsidiaries

    • NDML, which handles projects such as e-governance, KYC and National Skills Registry, and
    • NSDL Payments Bank, which provides digital payments and micro-banking services.

    As of March 2025, NSDL has more than 3.94 crore active demat accounts. This company has reached more than 99% of pin codes across India and 186 countries. Its biggest strength is strong technology, secure systems and experienced leadership.

    Easy Steps to Apply for NDSL IPO via Pocketful

    Step 1 :  Install the Pocketful Trading App from Play Store or App Store

    Step 2 : Sign up and complete your KYC verification

    Step 3 : Go to the IPO section from the home page

    Step 4 : Look for “National Securities Depository Limited IPO” in the list

    Step 5 : Tap on Apply and enter your bid details

    Frequently Asked Questions (FAQs)

    1. What is the opening and closing date of the NDSL IPO?

      NDSL IPO is open on 30th July 2025 and will close on 1 August 2025.

    2. What is the price band of the NDSL IPO?

      Its price band is fixed from ₹760 to ₹800 per share.

    3. What is the GMP (Grey Market Premium) of the NDSL IPO today?

      The GMP on 30th July 2025 is ₹135, which leads to a possible listing price of ₹935.

    4. What is the total issue size of the NSDL IPO?

      The total issue size is ₹4,011.60 crore, which is entirely an Offer For Sale (OFS).

    5. What is the expected listing date of NDSL?

      This IPO is expected to be listed on BSE on August 6, 2025.

  • Aditya Infotech IPO Day 2 : Check GMP, Subscription Status

    Aditya Infotech IPO Day 2 : Check GMP, Subscription Status

    Aditya Infotech IPO size is ₹1,300 crore, comprising a fresh issue of ₹500 crore and an offer for sale of ₹800 crore. The issue is open from July 29 and will close on July 31, 2025. The price band is fixed at ₹640-₹675, and listing is expected on August 5 on BSE and NSE. Minimum investment for retail investors is ₹14,850.

    Aditya Infotech IPO Day 2 Subscription Status

    The IPO witnessed the highest enthusiasm from retail investors, with subscriptions reaching 21.27 times the allotted quota. In contrast, the response from Qualified Institutional Buyers (QIBs) remained subdued at just 0.25 times. The Non-Institutional Investor (NII) segment saw a mixed trend, with small NIIs (sNII) subscribing 15.75 times, while big NIIs (bNII) came in lower at 10.25 times. Meanwhile, the employee quota was subscribed 3.67 times, taking the overall subscription level to 7.27 times.

    Investor CategorySubscription (x)
    Qualified Institutional Buyers (QIB)0.25x
    Non-Institutional Investors (NII)12.08x
    bNII (above ₹10 lakh)10.25x
    sNII (less than ₹10 lakh)15.75x
    Retail Individual Investors (RII)21.27x
    Employee Quota3.67x
    Total Subscriptions7.27x

    Total Applications: 15,26,189

    Total Bid Amount: ₹5,219.62 crore (approx)

    Objective of the Aditya Infotech IPO

    The funds raised from the Aditya Infotech IPO will be used by the company to repay some of its existing debt and meet general corporate needs. The table below gives the complete details of the company’s fund use:

    Use of IPO ProceedsAmount (₹ Cr)
    Prepayment and/or part payment of certain borrowings taken by the Company375.00
    General corporate useNot mentioned

    Aditya Infotech IPO GMP – Day 2 Update

    The grey market premium (GMP) of Aditya Infotech IPO is running at ₹285 today i.e. 30th July 2025. Adding the upper level of the price band of ₹675, its estimated listing price can be ₹960, which is expected to give a potential premium of around 42.22% per share.

    DateGMP (₹)Est. Listing Price (₹)Gain (%)
    30 July 2025 (DAY-2)₹285₹96042.22%.

    GMP has seen consistent strength in the last 4 days, due to which there is a positive sentiment in the market. So far, GMP has been in the range of ₹210 to ₹285, which indicates the possibility of a strong listing.

    Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.

    Aditya Infotech IPO – Key Details

    ParticularsDetails
    IPO Opening DateJuly 29, 2025
    IPO Closing DateJuly 31, 2025
    Issue Price Band₹640 to ₹675 per share
    Total Issue Size1,92,59,258 shares(aggregating up to ₹1,300.00 Cr)
    Listing PlatformBSE, NSE
    RegistrarMUFG Intime India Private Limited
    Aditya Infotech IPO DRHPClick Here
    Aditya Infotech IPO RHPClick Here

    Important Dates for Aditya Infotech IPO Allotment

    EventDate
    Tentative AllotmentAugust 1, 2025
    Refunds InitiationAugust 4, 2025
    Credit of Shares to DematAugust 4, 2025
    Listing Date August 5, 2025

    Aditya Infotech Overview

    Aditya Infotech Limited (AIL) is a leading Indian company that manufactures video security and surveillance products and solutions under the brand ‘CP Plus’. The company’s portfolio is equipped with products such as smart home IoT cameras, HD analog systems, network cameras, body-worn and thermal cameras, long-range IR cameras and AI-based solutions (such as number plate recognition, people counting, heat mapping).In 2025, the company launched more than 2986 SKUs and sold its products in 550+ cities. AIL’s network is strong with 41 branch offices and 13 RMA centers. In addition, 1,000+ distributors and more than 2,100 system integrators increase its presence in Tier I to Tier III cities. The company has 10 warehouses spread across the country, located in cities like Delhi, Noida, Gurugram, Mumbai, Ahmedabad, Indore, Kolkata, Guwahati, Chennai and Bengaluru. Its main manufacturing unit is located in Kadapa, Andhra Pradesh.

    The strength of AIL is clearly reflected in its brand value, nationwide network and advanced production capabilities.

    Read Also: Aditya Infotech IPO Day 1: GMP & Subscription Status

    Easy Steps to Apply for Aditya Infotech IPO via Pocketful

    Step 1 :  Install the Pocketful Trading App from Play Store or App Store

    Step 2 : Sign up and complete your KYC verification

    Step 3 : Go to the IPO section from the home dashboard

    Step 4 : Look for “Aditya Infotech IPO” in the list

    Step 5 : Tap on Apply and enter your bid details

    Frequently Asked Questions (FAQs)

    1. What is the opening and closing date of Aditya Infotech IPO?

      Aditya Infotech IPO is open on 29th July 2025 and will close on 31st July 2025.

    2. What is the price band of Aditya Infotech IPO?

      Its price band is fixed from ₹640 to ₹675 per share.

    3. What is the GMP (Grey Market Premium) of Aditya Infotech IPO today?

      The GMP on 30th July 2025 is ₹285, which leads to a possible listing price of ₹960.

    4. What is the breakup of fresh issue and OFS in Aditya Infotech IPO?

      This includes a fresh issue of ₹500 crore and an offer for sale (OFS) of ₹800 crore.

    5. What is the expected listing date of Aditya Infotech?

      This IPO is expected to be listed on BSE and NSE on August 5, 2025.

  • Laxmi India Finance IPO Day 2: Check GMP, Subscription Status

    Laxmi India Finance IPO Day 2: Check GMP, Subscription Status

    Laxmi India Finance’s ₹254.26 crore book building IPO is open for subscription and will close on July 31, 2025. The issue comprises a fresh issue of ₹165.17 crore and an OFS of ₹89.09 crore. The price band is set at ₹150 – ₹158 and the lot size is 94 shares. Listing is expected on August 5 on NSE and BSE.

    Laxmi India Finance IPO Day 2 Subscription Status

    Laxmi India Finance IPO was subscribed a total of 0.89 times on the second day i.e. 30 July 2025. The response from retail investors was the strongest where the subscription reached 1.29 times, while the QIB and NII categories still witnessed slowness.

    Investor CategorySubscription (x)
    Qualified Institutional Buyers (QIB)0.45x
    Non-Institutional Investors (NII)0.52x
    bNII (above ₹10 lakh)0.38x
    sNII (less than ₹10 lakh)0.80x
    Retail Individual Investors (RII)1.29x
    Employee Quota1.02x
    Total Subscriptions0.89x

    Total Applications: 67,513

    Total Bid Amount: ₹158.29 Crore (Approx)

    Objective of the Laxmi India Finance IPO

    The company will use the money raised from this issue to expand its loan business. Its main focus is to provide finance to MSME and other retail segments.

    Use of IPO ProceedsAmount (₹ Cr)
    Augmentation of capital base for future lending (onward lending)143.00

    Laxmi India Finance IPO GMP – Day 2 Update

    The grey market premium (GMP) of Laxmi India Finance IPO is ₹3 today on July 30, 2025. Adding the upper level of the price band of ₹158 gives the estimated listing price of ₹161, i.e. a potential premium of about 1.90%.

    DateGMP (₹)Est. Listing Price (₹)Gain (%)
    30 July 2025 (DAY-2)31611.90%.

    Based on the last 7 sessions, GMP has been declining steadily from ₹18 to ₹3.

    Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.

    Laxmi India Finance IPO – Key Details

    ParticularsDetails
    IPO Opening DateJuly 29, 2025
    IPO Closing DateJuly 31, 2025
    Issue Price Band₹150 to ₹158 per share
    Total Issue Size₹254.26 Cr (1.61 Cr shares)
    Listing PlatformNSE, BSE
    RegistrarMUFG Intime India Private Limited
    Laxmi India Finance IPO DRHPClick Here
    Laxmi India Finance IPO RHPClick Here

    Important Dates for Laxmi India Finance IPO Allotment

    EventDate
    Tentative AllotmentAugust 1, 2025
    Refunds InitiationAugust 4, 2025
    Credit of Shares to DematAugust 4, 2025 
    Listing Date August 5, 2025 

    Laxmi India Finance Overview

    Laxmi India Finance Limited was started in 1996. It is a non-banking financial company (NBFC) that provides MSME, vehicle and construction loans, especially targeting small businesses, first-time borrowers and rural areas. Under MSME finance, the company offers secured loans ranging from ₹50,000 to ₹25 lakh, mostly against residential or commercial property. Vehicle loans include finance for two-wheelers, tractors and commercial vehicles. Construction loans are also available on residential/commercial property, with a maximum tenure of 84 months.

    As of March 2025, the company’s assets under management stood at ₹1,277 crore, of which 76% is MSME loans. The customer base has crossed 35,000, and about 37% of these are first-time loan takers.It has 158 branches in Rajasthan, Gujarat, MP and Chhattisgarh. The company, which accesses funds from 47 banks and NBFCs, is growing steadily on the strength of strong underwriting, local reach and experienced management.

    Read Also: Laxmi India Finance IPO Day 1: GMP & Subscription Status

    Easy Steps to Apply for Laxmi India Finance IPO via Pocketful

    Step 1 :  Install the Pocketful Trading App from Play Store or App Store

    Step 2 : Sign up and complete your KYC requirements

    Step 3 : Go to the IPO section from the home page 

    Step 4 : Look for “Laxmi India Finance IPO” in the list

    Step 5 : Tap on Apply and enter your bid details

    Frequently Asked Questions (FAQs)

    1. What is the IPO date of Laxmi India Finance?

      This IPO will open on July 29, 2025 and close on July 31, 2025.

    2. What is the price band for Laxmi India Finance IPO?

      The price band has been fixed from ₹150 to ₹158 per share.

    3. What is the lot size and minimum investment?

      There are 94 shares in one lot. The minimum investment for retail investment is around ₹14,852.

    4. What is today’s GMP of Laxmi India Finance IPO?

      Today, on July 30, 2025, the GMP is ₹3.

    5. On which exchanges will the IPO list?

      The listing will take place on both NSE and BSE.

  • Aditya Infotech IPO Day 1: GMP & Subscription Status

    Aditya Infotech IPO Day 1: GMP & Subscription Status

    Aditya Infotech IPO size is ₹1,300 crore, comprising a fresh issue of ₹500 crore and an offer for sale of ₹800 crore. The issue is open from July 29, 2025 and will close on July 31, 2025. The price band is fixed at ₹640-₹675, and listing is expected on August 5 on BSE and NSE. Minimum investment for retail investors is ₹14,850.

    Aditya Infotech IPO Day 1 Subscription Status

    The response from retail investors was the strongest, with subscription reaching 6.93 times. At the same time, a very slow trend was seen from the QIB (Qualified Institutional Buyers) category and a mixed response was seen from NII (High Net Worth Investors).

    Investor CategorySubscription (x)
    Qualified Institutional Buyers (QIB)0.01x
    Non-Institutional Investors (NII)3.33x
    bNII (above ₹10 lakh)2.80x
    sNII (less than ₹10 lakh)4.40x
    Retail Individual Investors (RII)6.93x
    Employee Quota1.57x
    Total Subscriptions2.17x

    Total Applications: 4,92,936

    Total Bid Amount: ₹1,558.29 crore 

    Objective of the Aditya Infotech IPO

    The funds raised from the Aditya Infotech IPO will be used by the company to repay some of its existing debt and meet general corporate needs. The table below gives the complete details of the company’s fund use:

    Use of IPO ProceedsAmount (₹ Cr)
    Prepayment and/or repayment of borrowings taken by the Company375.00
    General corporate purposes Not mentioned

    Aditya Infotech IPO GMP – Day 1 Update

    The grey market premium (GMP) of Aditya Infotech IPO is running at ₹273 today i.e. 29th July 2025. Adding to the upper level of the price band of ₹675, its estimated listing price can be ₹948, which is expected to give a potential premium of around 40.44% per share.

    DateGMP (₹)Est. Listing Price (₹)Gain (%)
    29 July 2025 (DAY-1)₹273₹94840.44%.

    GMP has been consistently above ₹200 in the last 6 trading sessions, due to which there is a positive sentiment in the market. So far, GMP has been in the range of ₹210 to ₹273, which indicates the possibility of a strong listing.

    Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.

    Aditya Infotech IPO – Key Details

    ParticularsDetails
    IPO Opening DateJuly 29, 2025
    IPO Closing DateJuly 31, 2025
    Issue Price Band₹640 to ₹675 per share
    Total Issue Size1,92,59,258 shares(aggregating up to ₹1,300.00 Cr)
    Listing PlatformBSE, NSE
    RegistrarMUFG Intime India Private Limited
    Aditya Infotech IPO DRHPClick Here
    Aditya Infotech IPO RHPClick Here

    Important Dates for Aditya Infotech IPO Allotment

    EventDate
    Tentative AllotmentAugust 1, 2025
    Refunds InitiationAugust 4, 2025
    Credit of Shares to DematAug 4, 2025
    Listing Date Aug 5, 2025 

    Aditya Infotech Overview

    Aditya Infotech Limited (AIL) is a leading Indian company that manufactures video security and surveillance products and solutions under the brand ‘CP Plus’. The company’s portfolio is equipped with products such as smart home IoT cameras, HD analog systems, network cameras, body-worn and thermal cameras, long-range IR cameras and AI-based solutions (such as number plate recognition, people counting, heat mapping).In 2025, the company launched more than 2986 SKUs and sold its products in 550+ cities. AIL’s network is strong with 41 branch offices and 13 RMA centers. In addition, 1,000+ distributors and more than 2,100 system integrators increase its presence in Tier I to Tier III cities. The company has 10 warehouses spread across the country, located in cities like Delhi, Noida, Gurugram, Mumbai, Ahmedabad, Indore, Kolkata, Guwahati, Chennai and Bengaluru. Its main manufacturing unit is located in Kadapa, Andhra Pradesh.

    The strength of AIL is clearly reflected in its brand value, nationwide network and advanced production capabilities.

    Easy Steps to Apply for Aditya Infotech IPO via Pocketful

    Step 1 :  Install the Pocketful App from Play Store or App Store

    Step 2 : Sign up and complete your KYC requirements

    Step 3 : Go to the IPO section on the home page

    Step 4 : Look for “Aditya Infotech IPO” in the list

    Step 5 : Tap on Apply and enter your bid details

    Frequently Asked Questions (FAQs)

    1. What is the opening and closing date of Aditya Infotech IPO?

      Aditya Infotech IPO is open on 29th July 2025 and will close on 31st July 2025.

    2. What is the price band of Aditya Infotech IPO?

      Its price band is fixed from ₹640 to ₹675 per share.

    3. What is the GMP (Grey Market Premium) of Aditya Infotech IPO today?

      The GMP on 29th July 2025 is ₹273, which leads to a possible listing price of ₹948.

    4. What is the breakup of fresh issue and OFS in Aditya Infotech IPO?

      This includes a fresh issue of ₹500 crore and an offer for sale (OFS) of ₹800 crore.

    5. What is the expected listing date of Aditya Infotech?

      This IPO is expected to be listed on BSE and NSE on August 5, 2025.

  • Laxmi India Finance IPO Day 1: GMP & Subscription Status

    Laxmi India Finance IPO Day 1: GMP & Subscription Status

    Laxmi India Finance’s ₹254.26 crore book building IPO has opened for subscription and will close on July 31, 2025. The issue comprises a fresh issue of ₹165.17 crore and an OFS of ₹89.09 crore. The price band is set at ₹150 – ₹158 and the lot size is 94 shares. Listing is expected on August 5 on NSE and BSE.

    Laxmi India Finance IPO Day 1 Subscription Status

    Laxmi India Finance IPO was subscribed a total of 0.37 times on the first day. The response from retail investors was better than other categories, where the subscription reached 0.61 times. At the same time, a slow response was seen in the QIB (Qualified Institutions) and NII (High Net Worth Investors) categories.

    Investor CategorySubscription (x)
    Qualified Institutional Buyers (QIB)0.10x
    Non-Institutional Investors (NII)0.19x
    bNII (above ₹10 lakh)0.10x
    sNII (less than ₹10 lakh)0.38x
    Retail Individual Investors (RII)0.61x
    Employee Quota0.41x
    Total Subscriptions0.37x

    Total Applications: 32,050

    Total Bid Amount: ₹67.00 Crore (Approx)

    Objective of the Laxmi India Finance IPO

    The company will use the money raised from this issue to expand its loan business. Its main focus is to provide finance to MSME and other retail segments.

    Use of IPO ProceedsAmount (₹ Cr)
    Augmentation of capital base for future lending (onward lending)143.00

    Laxmi India Finance IPO GMP – Day 1 Update

    The grey market premium (GMP) of Laxmi India Finance IPO is running at ₹7 today i.e. 29th July 2025. Adding the upper level of the price band at ₹ 158, the estimated listing price can be ₹165, i.e. a potential premium of about 4.33%.

    DateGMP (₹)Est. Listing Price (₹)Gain (%)
    29 July 2025 (DAY-1)₹7₹1654.43%.

    Based on the last 7 sessions, GMP has been declining steadily from ₹18 to ₹7.

    Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.

    Laxmi India Finance IPO – Key Details

    ParticularsDetails
    IPO Opening DateJuly 29, 2025
    IPO Closing DateJuly 31, 2025
    Issue Price Band₹150 to ₹158 per share
    Total Issue Size₹254.26 Cr (1.61 Cr shares)
    Listing PlatformNSE, BSE
    RegistrarMUFG Intime India Private Limited
    Laxmi India Finance IPO DRHPClick Here
    Laxmi India Finance IPO RHPClick Here

    Important Dates for Laxmi India Finance IPO Allotment

    EventDate
    Tentative AllotmentAugust 1, 2025
    Refunds InitiationAugust 4, 2025
    Credit of Shares to DematAugust 4, 2025 
    Listing Date Aug 5, 2025 

    Laxmi India Finance Overview

    Laxmi India Finance Limited was started in 1996. It is a non-banking financial company (NBFC) that provides MSME, vehicle and construction loans, especially targeting small businesses, first-time borrowers and rural areas. Under MSME finance, the company offers secured loans ranging from ₹50,000 to ₹25 lakh, mostly against residential or commercial property. Vehicle loans include finance for two-wheelers, tractors and commercial vehicles. Construction loans are also available on residential/commercial property, with a maximum tenure of 84 months.

    As of March 2025, the company’s assets under management stood at ₹1,277 crore, of which 76% is MSME loans. The customer base has crossed 35,000, and about 37% of these are first-time loan takers.It has 158 branches in Rajasthan, Gujarat, MP and Chhattisgarh. The company, which accesses funds from 47 banks and NBFCs, is growing steadily on the strength of strong underwriting, local reach and experienced management.

    Easy Steps to Apply for Laxmi India Finance IPO via Pocketful

    Step 1 :  Install the Pocketful App from Play Store or App Store

    Step 2 : Sign up and complete your KYC requirements

    Step 3 : Go to the IPO section on the home page

    Step 4 : Look for “Laxmi India Finance IPO” in the list

    Step 5 : Tap on Apply and enter your bid details

    Frequently Asked Questions (FAQs)

    1. What is the IPO date of Laxmi India Finance?

      This IPO will open on July 29, 2025 and close on July 31, 2025.

    2. What is the price band for Laxmi India Finance IPO?

      The price band has been fixed from ₹150 to ₹158 per share.

    3. What is the lot size and minimum investment?

      There are 94 shares in one lot. The minimum investment for retail investment is around ₹14,852.

    4. What is today’s GMP of Laxmi India Finance IPO?

      Today, on July 28, 2025, the GMP is ₹7.

    5. On which exchanges will the IPO list?

      The listing will take place on both NSE and BSE.

  • Monarch Surveyors & Engineering Consultants IPO Allotment Status: Check Latest GMP, Steps To Verify Status

    Monarch Surveyors & Engineering Consultants IPO Allotment Status: Check Latest GMP, Steps To Verify Status

    Monarch Surveyors & Engineering Consultants Ltd. is a civil engineering consultancy company, founded in 1992. The company offers services such as topographic survey, design, engineering, land acquisition and GIS mapping in railway, road, metro, ports and oil and gas sectors. It has 417 employees as of March 2024 and is known for its experienced management, wide client base and efficient project execution. Monarch’s SME book-building IPO is a completely fresh issue valued at ₹93.75 crore. The issue was open from 22 July to 24 July 2025 and is likely to be listed on BSE SME on 29 July.

    In this blog you will know what is GMP, how the subscription was, how to check allotment, and when will the shares come in demat.

    Monarch Surveyors & Engineering Consultants IPO – Key Details

    ParticularsDetails
    IPO Opening DateJuly 22, 2025
    IPO Closing DateJuly 24, 2025
    Price Band₹237 to ₹250 per share
    Total Issue Size₹93.75 crore (37.5 lakh shares)
    Listing PlatformBSE SME
    RegistrarBigshare Services Pvt Ltd

    Important Dates for Monarch Surveyors & Engineering ConsultantsIPO Allotment

    EventDate
    Allotment DateJuly 25, 2025 
    Initiation of RefundsJuly 28, 2025
    Credit of Shares to DematJuly 28, 2025
    Tentative Listing DateJuly 29, 2025

    Monarch Surveyors & Engineering Consultants IPO Subscription Status

    Investor CategoryShares OfferedShares Bid For Subscription
    Qualified Institutional Buyers (QIB)7,08,00012,67,38,600179.01x
    Non-Institutional Investors (NII)5,32,80016,89,22,800317.05x
    Retail Individual Investors (RII)12,40,80032,63,44,800263.01x
    Total (Public)24,81,60062,20,06,200250.65x
    Anchor Investors10,61,40010,61,4001x
    Market Maker2,07,0002,07,0001x

    Monarch Surveyors & Engineering Consultants IPO GMP (Grey Market Premium)

    GMP i.e. Grey Market Premium shows how much demand there is in the unlisted market for the IPO. This is the price above the issue price at which investors are willing to buy shares.

    What is the current GMP of Monarch Surveyors & Engineering Consultants?

    According to the InvestorGain website, the Grey Market Premium of Monarch Surveyors IPO currently remains around ₹210. This is a strong indication that the share price can reach above ₹460 at the time of listing, which has greatly increased the expectations of investors.

    What does GMP indicate ?

    GMP directly reflects market sentiment. If GMP is high, it shows that investors expect listing gains of the company. However, this is an unofficial figure and changes are possible.

    Important advice for investors 

    GMP is definitely a useful indicator, but investment decisions should not be taken only on this basis. It is also important to keep in mind factors like company fundamentals, financial data and sector growth.

    How to Check Monarch Surveyors & Engineering Consultants IPO Allotment Status

    Monarch Surveyors & Engineering Consultants Ltd is a BSE SME IPO, hence allotment status is not available on NSE website. Investors need to use Registrar or BSE website to check allotment.

    Method 1: Via Registrar Website (Bigshare Services Pvt. Ltd.)

    The allotment status of Monarch Surveyors IPO is first available on its registrar website. The registrar is Bigshare Services Pvt. Ltd., which manages the allotment process of SME IPO.

    Step-by-step process :

    • Open the website: Click Here
    • Select “Monarch Surveyors & Engineering Consultants Ltd” from the dropdown.
    • Enter the details either Application No., PAN or DP ID/Client ID.
    • Click on the “Search” button.
    • Your allotment status will be displayed on the screen (Allotted / Not Allotted).

    Method 2: Through BSE Website

    If you want to check through BSE website, follow the steps given below:

    • Open the official website of BSE
    • Select the “Equity” option.
    • Select “Monarch Surveyors & Engineering Consultants Ltd” in IPO Name (when available).
    • Enter your PAN number or Application Number.
    • Click on “Search” and view the allotment status.

    What to Do After Allotment?

    If shares are allotted :

    If you get shares in the Monarch Surveyors IPO, these shares will start appearing in your Demat account by 28 July 2025. After this, you can sell them on the listing day on 29 July 2025 or hold them. There can be a lot of volatility in the price on the day of listing, so before trading, make sure to check the live market trend in your broker app. If GMP (Grey Market Premium) remains strong before listing, then listing gains can be taken advantage of.

    If shares are not allotted : 

    If allotment is not done in your name, then your application amount will be unblocked by 28 July 2025. These funds will be unblocked in the same bank account from which you applied – i.e. account linked with UPI or Net Banking (ASBA).There is no need to fill any form for refund. You should keep checking your bank’s SMS or Email alert.

    How to check updates?

    You can use these methods to check allotment status, refund status and listing updates :

    • Login to your account through your stockbroker app and check if the shares are visible.
    • Check if the refund has been received through the UPI app.
    • You can check allotment status on the official registrar site Bigshare Services Pvt Ltd or BSE website.

    Conclusion

    Monarch Surveyors & Engineering Consultants IPO is an SME category issue which will be listed only on the BSE SME platform. If you are allotted shares, they will be credited to your demat account by July 28, 2025 and listing will take place on July 29, 2025. On the other hand, if there is no allotment, your blocked amount will be refunded by July 28. For allotment status and refund updates, you can visit the website of Bigshare Services Pvt Ltd and BSE. Keeping an eye on updates keeps you informed about whether you are allotted shares or not during the IPO process, so that you can make informed investment decisions.

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    5What is NII in IPO?

    Frequently Asked Questions (FAQs)

    1. What is the listing date of Monarch Surveyors IPO?

      The listing date of this IPO is 29 July 2025.

    2. How can I check the allotment status of this IPO?

      You can check the allotment status by visiting the website of Bigshare Services with PAN or application number.

    3. On which exchange will Monarch Surveyors IPO list?

      This IPO will be listed only on BSE SME, not on NSE.

    4. When will I receive shares in my Demat account?

      If the shares are allotted, they will come to your demat account by 28 July 2025.

    5. Who is the registrar for Monarch Surveyors IPO?

      The registrar for this IPO is Bigshare Services Pvt Ltd.

  • Savy Infra IPO GMP, Allotment Status & Listing Date 2025

    Savy Infra IPO GMP, Allotment Status & Listing Date 2025

    Savy Infra & Logistics Limited is an experienced EPC company founded in January 2006. The company specializes in infrastructure projects such as road construction, foundation work, embankment construction, and surface paving. Savy Infra & Logistics also provides demolition services and is engaged in mechanical excavation, shoring, strutting, slush removal, and debris disposal. The company’s business model is asset-light, that is, it hires trucks, drivers, and machinery to efficiently complete projects. Its EPC and logistics projects have been successfully completed in several states including Gujarat, Maharashtra, Telangana, Odisha. The company has experienced promoters and a strong management team, which is driving its growth.

    In this blog, we will give you all the important information related to this IPO like GMP (grey market premium), subscription details, allotment status, and the process to check it.

    Savy Infra & Logistics IPO – Key Details

    ParticularsDetails
    IPO Opening DateJuly 21, 2025
    IPO Closing DateJuly 23, 2025
    Price Band₹114 to ₹120 per share
    Total Issue Size₹69.98 crore (58.32 lakh shares)
    Listing PlatformNSE SME
    RegistrarMaashitla Securities Private Limited

    Important Dates for Savy Infra IPO Allotment

    EventDate
    Tentative AllotmentJuly 24, 2025
    Initiation of RefundsJuly 25, 2025 
    Credit of Shares to DematJuly 25, 2025 
    Tentative Listing DateJuly 28, 2025

    Savy Infra & Logistics IPO Subscription Status

    CategoryShares OfferedShares Bid For Subscription 
    Qualified Institutional Buyers (QIB)11,07,60010,30,24,80093.02×
    Non-Institutional Investors (NII)8,31,60016,33,63,200196.44×
    Retail Individual Investors (RII)19,39,20017,76,76,80091.62×
    Total (Public)38,78,40044,40,64,800114.50×
    Anchor Investors 16,60,80016,60,8001x
    Market Makers2,92,8002,92,8001x

    How to Check Savy Infra IPO Allotment Status

    Savy Infra IPO allotment status can be checked online very easily. There are two main ways for this – the IPO Registrar’s website and the official website of NSE. Note that this IPO is being listed only on the NSE SME platform, so its allotment status will not be available on the BSE site.

    Method 1: Check from Registrar’s website

    The most reliable way to check Savy Infra IPO allotment status is by visiting the official website of its registrar 

    How to :

    • Visit Maashitla’s website and open the IPO Allotment Status page.
    • Select “Savy Infra and Logistics Ltd.” from the dropdown list.
    • Enter your PAN number, Application ID or DP/Client ID.
    • Click on the Submit button.

    If you have been allotted shares, the screen will show “Allotted”, else “No Allotment”.

    Method 2: Check from NSE’s website

    If there is heavy traffic on the registrar’s website or there is a technical issue, then you can also check the allotment status from the official site of NSE.

    How to do :

    • Go to the NSE site 
    • There you will get the option to check the allotment status.
    • Select the company name i.e. Savy Infra Limited.
    • Fill in the PAN number and Application Number.
    • Click on “Submit”.

    Your IPO allotment status will be visible on the screen in a few seconds.

    Check Also: Swastika Castal IPO Allotment Status

    Savy Infra IPO GMP (Grey Market Premium)

    What is the latest GMP of Savy Infra IPO?

    The GMP of Savy Infra IPO on 23 July 2025 has been recorded at around ₹25. Since the price band of this IPO has been fixed between ₹114 to ₹120, so if we look at the upper price of ₹120, then the possible listing price can be up to ₹145. That is, investors are expected to get a profit of more than 20% on listing.

    What is GMP?

    GMP i.e. Grey Market Premium is the unofficial premium of an IPO share at which it is being traded in the off-market before listing. It gives investors an indication of the price range in which the stock may open on the day of listing. However, this is an unofficial market data and it fluctuates very quickly, so it should be seen only as an estimate.

    Can GMP be trusted?

    GMP does give investors an early indication of listing day trends, but it is entirely based on market sentiment and can change at any time. It is an unregulated market where off-record transactions take place between dealers and traders, so investment decisions should not be made only by looking at GMP.

    What to keep in mind before investing?

    If you are thinking of investing in Savy Infra IPO, do not rely only on GMP. Evaluate the ground facts like the company’s financial performance, business model, order book and management team. Also, liquidity and volatility are also high in SME IPOs, so investing from a long term perspective will be a more sensible move.

    The current GMP of Savy Infra IPO is around ₹25, which indicates that the market is positive about this issue. Nevertheless, this is a provisional indicator and investors should invest wisely keeping in mind the strength of the company and their risk appetite.

    What to Do After Allotment? 

    What to do now if the shares have been allotted?

    If you have got shares in the Savy Infra and Logistics IPO, then these shares will be credited to your demat account by July 25, 2025. After this, the listing of the IPO will be done on the NSE SME platform on July 28, 2025. According to the latest gray market reports, the gray market premium of this IPO is running at ₹25. That is, its potential listing price can be around ₹145. If you are a short-term investor, then decide to book profits by looking at the price movement, market sentiment and volume on the listing day. On the other hand, long-term investors can think of holding keeping in mind the basic fundamentals of the company, industry trends and future projects.

    What to do next if the shares are not allotted?

    If your shares are not allotted, your funds blocked for the IPO will be unblocked by July 25, 2025. This process is automatic and no additional action is required for this.

    After getting the funds, you can use them to invest in any other SME or mainboard IPO. Also, in future it will be beneficial to check GMP, retail subscription and company background carefully before investing.

    Conclusion

    Savy Infra & Logistics IPO is open for subscription from July 21 to July 23, 2025 and it is expected to be listed on NSE SME platform on July 28, 2025. The company is engaged in the construction and logistics sector, and aims to use the funds raised from the IPO for working capital and purchase of equipment. Investors should take a decision keeping in mind the company’s financial position, sector growth and market risks. Post-listing performance will entirely depend on market sentiment.

    Frequently Asked Questions (FAQs)

    1. What are the IPO dates of Savy Infra & Logistics?

      This IPO will be open from 21 July 2025 to 23 July 2025.

    2. On which exchange will the Savy Infra & Logistics IPO be listed?

      This IPO will be listed only on the NSE SME platform.

    3. When will the allotment of this IPO be finalized?

      Its allotment will be finalized on 24 July 2025.

    4. What is the refund date for unallotted investors?

      Investors who will not get shares, their funds will be unblocked by 25 July 2025.

    5. When will the shares be credited to the demat account?

      The shares will come to the demat account of investors on 25 July 2025.

  • Swastika Castal IPO Allotment Status: Check GMP, Steps To Verify Status 

    Swastika Castal IPO Allotment Status: Check GMP, Steps To Verify Status 

    Swastika Castal Limited, incorporated in 1996 and headquartered in Vadodara, Gujarat, is a specialist aluminium casting manufacturer offering sand, gravity die and centrifugal casting processes. With nearly three decades of experience, it produces components ranging from 70 kg to 250 kg for electrical equipment, railways, diesel engines, automotive and industrial applications. The company boasts advanced in-house heat treatment and quality inspection facilities, a skilled metallurgical team and a global vendor network. 

    In this blog we will tell you how to check the allotment status of this IPO, what is its Grey Market Premium (GMP), and what has been the subscription status so far. It is important for every investor to know about their IPO allotment status; so that they know whether they have got shares or not. Now, let us discuss the key details of the IPO, its GMP and the process to check your allotment status.

    Read Also: What is Grey Market, and How Are IPO Shares Traded?

    Swastika Castal IPO – Key Details

    ParticularsDetails
    IPO Opening DateJuly 21, 2025
    IPO Closing DateJuly 23, 2025
    Issue Price₹65 per share
    Total Issue Size₹14.07 Crores (21.64 lakh shares)
    Listing PlatformBSE SME
    RegistrarAccurate Securities & Registry Private Limited

    Important Dates for Swastika Castal IPO Allotment

    EventDate
    Tentative Allotment July 24, 2025 
    Refunds InitiationJuly 25, 2025 
    Credit of Shares to DematJuly 25, 2025 
    Tentative Listing DateJuly 28, 2025 

    Swastika Castal IPO Subscription Status

    CategoryShares OfferedShares Bid For (Day 1)Subscription (Day 1)
    Retail Individual Investors (RII)10,28,00079,56,0007.74×
    Non-Institutional Investors (NII)10,26,00024,78,0002.42×
    Total (Public)20,54,0001,04,34,0005.08×
    Market Maker1,10,0001,10,0001x
    Anchor InvestorsNot Applicable
    • Demand remained strong, with the RII portion subscribed 7.74×, demonstrating solid confidence from individual investors.
    • Subscribed at 2.42×, while initially lower, demand recovered over the subscription period.
    • The public offer closed at 5.08× subscription, signaling robust interest across all investor categories.
    • A total of 2,242 applications were finally submitted.

    Read Also: What is an IPO Subscription & How Does it Work?

    Swastika Castal IPO GMP (Grey Market Premium)

    The current grey market premium (GMP) of Swastika Castal SME IPO is recorded at ₹0. This simply means that there is neither much demand for this IPO in the grey market nor any special premium is being added to it. The issue price of the IPO is ₹65, and given the current GMP, no listing gain is expected based on the current GMP of ₹0.

    1. What does GMP being ₹0 mean for investors?

    The GMP being zero indicates that the market sentiment remains neutral about this IPO at the moment. This does not mean that the IPO is bad, but it is an indication that there is neither enthusiasm nor fear about it in the grey market. In such a situation, there is little hope of getting any big listing gains on the first day of the IPO. However, any investment decision should not be made just by looking at the GMP. Many factors like the company’s financials, subscription status and sector situation together present the real picture of an IPO.

    2. Is it right to look only at GMP?

    GMP is only an informal indicator, which reflects the current sentiment of the market. It can also change rapidly, especially when the market sentiments suddenly turn positive on listing day. Therefore, before investing, it is important to pay attention to the financial statements of the company, the background of the promoters and the long-term growth potential.

    The GMP of Swastika Castal IPO is currently at ₹0, which shows that there is no special interest in the market about the IPO at the moment. GMP may change before listing, but it would be wise to take the final decision only after looking at the strengths of the company and the market trend.

    Read Also: What are Qualified Institutional Buyers (QIB) in an IPO?

    How to Check Swastika Castal IPO Allotment Status?

    You can easily check the allotment status of Swastika Castal IPO online. There are two official ways for this – Registrar’s website and BSE’s website. Note that this IPO is being listed only on the BSE SME platform, so it is not possible to check allotment from NSE.

    Method 1: Via Registrar’s Website 

    The easiest and most reliable way to check Swastika Castal IPO allotment is through the Registrar’s website.

    How to:

    1. Visit the official website of the Registrar.

    2. Select “Swastika Castal Limited” from the IPO list.

    3. Enter your details –

    • PAN Number,
    • or Application Number,
    • or DP/Client ID

    4. Click on “Submit”.

    You will see your allotment status.

    Method 2: Check from BSE website

    You can also check the allotment status from the BSE website.

    How to:

    1. BSE official website: Click Here 

    2. Select the ‘Equity’ option.

    3. Select “Swastika Castal Limited” from the dropdown.

    4. Enter your PAN or Application Number.

    5. Click on “Search” and view the allotment status.

    What to Do After Allotment?

    After getting the allotment of Swastika Castal IPO, you should pay attention to some easy steps, so that you can track your investment properly.

    • If shares are allotted : If you have been allotted shares, they will start appearing in your Demat account by 25 July 2025. You can sell them on the day of listing or hold them for a long term. 
    • If shares are not allotted : If you do not get allotment, your money will be automatically refunded to your bank account in a few days. 
    • Pay attention to SMS and Email notifications : You will get information related to allotment from the registrar or your broker through SMS or email. Keep a regular check on them so that you can catch any discrepancy immediately.

    Read Also: What is the IPO Allotment Process?

    Conclusion

    Investors have shown interest in Swastika Castal IPO, but as their overall current GMP is ₹0, no listing gains can be expected as of now. This means that the listing of the stock can happen around the issue price. In such a situation, investors who have got allotment should avoid taking hasty decisions and should decide keeping in mind the market trend on the day of listing. If allotment is not received, then your money will be unblocked. According to current indications, the IPO response has been ordinary, so be cautious before investing.

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    5What is the IPO Cycle – Meaning, Processes and Different Stages

    Frequently Asked Questions (FAQs)

    1. What is the current GMP of Swastika Castal IPO?

      Currently the GMP of Swastika Castal IPO is ₹0, i.e. there is no premium.

    2. When will the Swastika Castal IPO allotment be declared?

      The allotment status of Swastika Castal IPO will be released on 24 July 2025.

    3. How can I check my IPO allotment status?

      You can check the status by entering your PAN number on the BSE website or the Registrar’s website.

    4. Is Swastika Castal IPO listing likely to be at a premium?

      Currently the GMP is ₹0, so the chances of premium listing are low.

    5. What happens if I don’t get the IPO allotment?

      If you do not get the allotment, your money will be unblocked in a few days after the IPO listing day.

  • Why Does a Company Go Public & Launch IPO? 

    Why Does a Company Go Public & Launch IPO? 

    This question comes to the mind of every person who is interested in the stock market. When a private company offers its shares to the public for the first time to raise capital, it is called an Initial Public Offering (IPO). Its main objective is to raise funds from investors for expansion, reducing debt, and other purposes.

    In this blog, we will discuss the various reasons due to which the company goes public and launch an IPO in detail.

    Understanding IPOs

    When a private company offers its shares to the general public for the first time, it is called Initial Public Offering (IPO). After this process, the company gets listed on the stock exchange and anyone with a trading and demat account can buy its shares. The advantage of this is that the company can raise funds quickly and can act quickly on its business plans.

    Becoming a Public Company :  After bringing an IPO, the company is identified as a public entity. Now it has to make its financial information public every quarter and must comply with regulatory frameworks set by bodies like SEBI and stock exchanges. This gives transparency to investors and also increases the brand value of the company.

    • Latest scenario of IPO in India : The IPO market in India performed tremendously in the financial year 2024-25. During this period, companies raised a total capital of ₹3.71 lakh crore — which is 92% more than last year. In 2024 alone, the companies raised ₹1.67 lakh crore through IPOs, which is the highest in Asia.
    • Global Comparison: India now ranks first in terms of number of IPOs. While the US and China saw 205 and 130 IPOs getting launched in 2024, India’s count stood at 332.

    Read Also: What is the IPO Allotment Process?

    Reasons Companies Go Public

    Various reasons due to which the companies go public are listed below:

    • Access to Capital : Every business needs funds to expand whether it is to open a new manufacturing plant, invest in technology or repay old debts. By bringing an IPO, companies can raise large amounts of money directly from the general public. These funds help them to act on the business plans quickly, without the tension of repaying loan or interest payments.
    • Increasing Brand Value and Public Profile : When a company is listed in the stock market, its brand identity and credibility automatically increases. Its image becomes strong among investors, media and industry due to high regulatory requirements of SEBI. This also easily helps in getting new partnerships and clients and builds trust.
    • Exit option for Early Investors : Before bringing an IPO, the shares of the company are owned by a few sophisticated investors and founders. But through IPO, they get a chance to sell their shares. This process gives them liquidity, which is not easily available in private companies.
    • Attracting and retaining talent : In today’s competitive world, retaining talent is very important. After becoming a public company, employees with vested ESOPs can easily sell their shares as per the company’s ESOP (Employee Stock Ownership Plan) policies. After the IPO, the shares are traded and if the company’s share performs well, the trust of the employees in the company’s future increases and they are more inclined to stay with the company. 

    For all these reasons, bringing an IPO is not just a significant event in a company’s journey, but a strategic decision which can take the company on the path of long-term success.

    Read Also: IPO Application Eligibility Criteria

    Advantages of Going Public

    When a company goes public by launching an IPO, it not only receives funds but also many strategic and long-term benefits. Let us understand these at a glance:

    BenefitDescription
    Capital AcquisitionThe company gets significant capital from the public, which it can use for various purposes.
    Market VisibilityListed companies receive more attention from the media and investors, which increases brand visibility and credibility.
    Share LiquidityAfter the IPO, shares can be easily bought and sold, providing liquidity to old investors and employees.
    Market-Driven ValuationThe stock market participants play a key role in determining the value of a company, which becomes a benchmark for future deals and investments.
    Employee IncentivesPlans like stock options and ESOPs make it easier to attract and retain talent.
    Better Borrowing PowerIt is easier for public companies to get loans from banks on better terms as their financial information is publicly available.
    TransparencyStrict regulatory rules improve the governance and trustworthiness of the company.

    Disadvantages and Challenges 

    There are many benefits of a company going public, but there are some challenges and disadvantages associated with it as well. Let us know the major disadvantages and difficulties that a public company has to face:

    • Regulatory Compliance : A public company has to follow strict rules of SEBI and other regulatory bodies. This includes regular financial reporting, audits and providing comprehensive financial information, which can be time-consuming and expensive.
    • Market Pressure : The expectations of investors and the market increase a lot. The company’s management may feel the pressure to show good results every quarter, which can sometimes affect long-term business plans.
    • Loss of Control : Depending on shareholding structure, founders may experience dilution of control and increased accountability to public shareholders. They have to consider the interests of other investors, which complicates decision making.
    • High Costs : Advisors, investment banks and lawyers have to be paid in the IPO process. Apart from this, regular reporting and other corporate expenses also increase after becoming a public company.

    Read Also: Why Invest in an IPO and its Benefits?

    The IPO Process: A Step-by-Step Guide

    Let us know the main steps a company follows to launch an IPO:

    StepDescription
    Selection of UnderwritersThe company first selects the investment banks or firms that will manage the IPO. These underwriters help with pricing, marketing, and other due diligence required in the IPO.
    Due DiligenceThe financial, legal and operational status of the company is thoroughly examined to ensure that investors get accurate information.
    Regulatory FilingsThe company submits a Draft Red Herring Prospectus (DRHP) to SEBI. After review and incorporating changes based on SEBI’s comments, the final RHP (Red Herring Prospectus) is filed for public subscription.
    Pricing the IPOThe initial price of the share is determined by looking at the market conditions, value of the company and demand among investors.
    Marketing Company’s representatives meet investors, explain the company’s strengths and plans to increase investor interest.
    Going public and listingOnce the IPO opens, the retail investors can apply for the shares. After the IPO subscription period is over, the shares are allotted to the general public and the company gets listed on the stock exchange (like NSE or BSE) and are then traded.

    Read Also: What Is An IPO Mutual Fund? Should You Invest?

    Conclusion 

    Going public is a big decision for a company, which has many benefits and challenges. IPO helps companies raise funds and also increases its brand recognition, but with this the regulatory requirements and responsibilities towards stakeholders also increases. Therefore, it is important that the company takes this step thoughtfully.

    Going public is not just a way to raise money, but is part of the long journey of the company. With the right timing and planning, it helps in moving the company forward. Therefore, the decision of IPO should always be taken wisely and strategically.

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    5What is NII in IPO?

    FAQs 

    1. Why does a company go public?

      A company goes public so that it can get capital for executing its future business plans.

    2. What is an IPO?

      IPO means Initial Public Offering and it marks the event when the company sells its shares to the public for the first time.

    3. How does an IPO help a company?

      The company raises money in exchange for equity from launching an IPO, so that it can expand its business, reduce debts, and other purposes.

    4. Are there any risks in going public?

      Yes, after going public the company has to follow strict rules related to reporting and may face pressure from market expectations.

    5. How does going public affect control over the company?

      After going public, the founders and management lose some control over the company’s decisions as they also have to listen to other shareholders.

  • What is Cut-off Price in IPO – Meaning and Example

    What is Cut-off Price in IPO – Meaning and Example

    IPO provides you with an opportunity to invest in companies which are going public for the first time. Nowadays, IPO applications can be made online using UPI. But while applying for an IPO, you need to enter a bid price within the price range offered by the company. Now the question arises: at which price one should place their bid?

    In this blog post, we will explain to you what a cut-off price is and how selecting the correct cut-off price can increase your chances of getting an IPO allotment.

    What is the Cut-Off Price in an IPO?

    A cut-off price is the final price at which the shares are allotted to the investor during the IPO. During the subscription period of the IPO, the company announces a price band at which investors can place bids. The lead managers play an important role in deciding the cut-off price of an IPO, which is determined based on the weighted average figure of all the bids received during the IPO subscription and it is the final issue price for the IPO. 

    Investors who bid at or above the cut-off price are considered eligible for allotment of shares. Whereas investors who bid below the cut-off price are deemed ineligible for IPO shares, i.e. their IPO applications are rejected and their money is refunded.

    Example of Cut-off Price

    Let’s understand the cut-off price with a real-time example of the LIC (Life Insurance Corporation of India) IPO, which was one of the largest IPO in India.

    • IPO Subscription date was from 4th May 2022 to 9th May 2022.
    • Price Band: ₹902 – ₹949 per share
    • Total Issue Size: 21,008.48 crores.

    The cut-off price is the final issue price of the IPO at which the shares are allotted to the investors. Remember, those who are applying below the cut-off price will not be allotted any shares.

    • On the Listing Date, the shares of LIC were listed at ₹872 on NSE, which was a discount to the price band’s lower price, which means investors made a loss on the listing date.

    Read Also: How to Apply for an IPO Under the HNI Category?

    How to Apply at the Cut-off Price?

    You can easily apply for an IPO at the cut-off price be following the steps below:

    1. Log in to your trading account and find the IPO section.
    2. Select the IPO you want and choose the cut-off price option when entering your bid price.
    3. Enter the number of lots you wish to apply for (each lot has a fixed number of shares).
    4. Funds equal to the maximum price in the price band multiplied with the number of shares applied for will be blocked in your bank account via ASBA.
    5. After the IPO closes, you pay the final cut-off price per share if the shares get allotted to you. However, if the shares are not allotted then the blocked amount will be refunded automatically.

    Applying at the cut-off price simplifies the process and improves your chances of allotment.

    Read Also: Apply in IPO Through ASBA- IPO Application Method

    Factors Impacting Cut-off Price

    The factors which affect the cut-off price are as follows:

    1. Demand: IPO demand plays an important role in determining the cut-off price. If the demand is on the higher side, the cut-off price will be at the upper price band.
    2. Market Sentiments: If the market sentiments are negative, the investors are more likely to place a bid below the upper price band, which can reduce the cut-off price.
    3. Comparison: To evaluate the IPO valuation, investors compare the company’s valuation with its listed peers and decide the bidding price accordingly.

    Benefits of Bidding at the Cut-off Price

    Benefits of Cut-off Price Bidding

    The significant benefits of investing at the cut-off price are as follows:

    1. Higher Chances of Allotment: Bidding at the cut-off price increases your chances of allotment, as you are agreeing to purchase the shares at the final price decided after considering all the bids received for the IPO.
    2. Simplicity: The investors who want to give themselves the best chance to receive an allotment can opt to apply at the cut-off price.
    3. Fair Pricing: The investors who bid at a cut-off price or above it ensure the fairness and transparency in the bidding and allotment process.
    4. Reflects Market Demand: The cut-off price calculated considering all the received IPO bids is based on market demand-driven approach. Hence, it provides a balance between company valuation and the interest of investors.

    Limitations of Bidding at Cut-off Price

    There are a few limitations which investors should be aware of:

    1. High Price: If you have applied at the cut-off price, then you will be agreeing to pay whatever the final issue price is within the price band. In that case, you might have to pay more than what you have intended.

    2. Does not Guarantee Allotment: Bidding at the cut-off price increases your chance of allotment; however, it does not provide any guarantee for the same. If the IPO is oversubscribed, the allotment will be done through a lottery system.

    3. Loss on Listing: If the shares are listed below cut-off price, it can cause immediate loss to the investor.

    Should I select the cut-off price for the IPO?

    As a retail investor, you must apply at the cut-off price to increase your chances of allotment, as applying at a cut-off price, you are agreeing to pay the final allotment price within the price band determined considering all the bids. 

    If in case you applied at a price below the cut-off price then your IPO application will be rejected and you will not get any allotment. 

    However, if you are an experienced investor and are able to evaluate the financial performance of a company and determine the actual price at which the shares can be allotted, then you can place your bid accordingly.

    Read Also: What is the Book-Building Process in an IPO?

    Conclusion

    On a concluding note, the cut-off price plays an important role in IPO applications. Cut-off price helps an investor maximize his or her chances of getting an allotment. Cut-off price is important for retail applicants, who may not be able to accurately determine a company’s valuation. However, it is advisable to consult your financial advisor before bidding for any IPO.

    To bid for an IPO, you need to open a Demat and trading account, which can be opened online free of cost through the Pocketful website. Pocketful also provides an advanced trading platform equipped with advanced trading tools.

    S.NO.Check Out These Interesting Posts You Might Enjoy!
    1Anchor Investors in IPOs – Meaning, Role & Benefits
    2How to Cancel an IPO Application?
    3Why Invest in an IPO and its Benefits?
    4What is Face Value in an IPO?
    5What is NII in IPO?

    Frequently Asked Questions (FAQS)

    1. What is the meaning of price band in an IPO?

      A price band is a price range within which an investor can bid for an IPO.

    2. Does bidding at the cut-off price guarantee to get an allotment?

      No, bidding at a cut-off price only increases your chance of getting an allotment. However, if the IPO is oversubscribed, the allotment will be based on a lottery basis.

    3. How is the cut-off price decided?

      The cut-off price is determined by the lead managers and is based on the weighted average of all the bids received during the IPO subscription period.

    4. Is it mandatory to bid at a cut-off price?

      No, it is not mandatory to bid at a cut-off price, as you can place your bid at any price between the price band.

    5. What is the maximum amount for which an investor can apply for an IPO under the retail category?

      As per SEBI, an investor can apply for IPO under the retail investor category for a maximum of ₹2,00,000 worth of shares.

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