Category: IPO

Meesho IPO: 8.26x Subscription on Day 2, GMP ₹44.5 & Key Details

Meesho, one of India’s fast-growing e-commerce platforms backed by prominent investors, is launching an initial public offering (IPO) to raise up to ₹5,421.20 crore. The issue opens for subscription on December 3, 2025, and will close on December 5, 2025, with a price band fixed at ₹105 to ₹111 per share. The IPO comprises a fresh share issuance of ₹4,250 crore and an offer-for-sale (OFS) of about ₹1,171.20 crore by existing shareholders. The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), with tentative listing scheduled for December 10, 2025, subject to allotment and regulatory approvals.

Meesho,IPO Day 2 Subscription Status

On Day 2, Meesho. IPO witnessed a strong investor turnout, closing with an overall subscription of 8.26 times. The Qualified Institutional Buyers (QIB) category with a robust 7.15 times subscription, indicating solid institutional participation. Among Non-Institutional Investors (NII), the bNII (above ₹10 lakh) portion was subscribed 8.82 times, while the sNII (less than ₹10 lakh) segment saw Robust Leading with 11.20 times subscription, resulting in an overall NII subscription of 9.61 times. The Retail Individual Investors (RII) category was subscribed 9.59 times, reflecting healthy retail interest. Overall, the issue garnered 29,06,810 applications, with total bids amounting to approximately ₹24,633.37 crore, showcasing strong confidence across investor categories in the company’s growth potential.

Investor Category	Subscription (x)
Qualified Institutional Buyers (QIB)	7.15
Non-Institutional Investors (NII)	9.61
bNII (above ₹10 lakh)	8.82
sNII (less than ₹10 lakh)	11.20
Retail Individual Investors (RII)	9.59
Total Subscriptions	8.26

Total Applications: 29,06,810

Total Bid Amount (₹ Crores): 24,633.37

Objective of the Meesho IPO

Meesho plans to utilize the net proceeds from the fresh issue for the following purposes. The proceeds from the Offer for Sale (OFS) will be received by the selling shareholders and not by the company :

Use of IPO Proceeds	Amount (₹ Cr)
Investment in cloud infrastructure (via subsidiary)	1,390
Salaries for AI / ML and technology teams (tech development)	480
Marketing, brand-building and customer acquisition initiatives	1,020
Inorganic growth (acquisitions / strategic initiatives) & general corporate purposes / working capital	1,360

Meesho IPO GMP – Day 2 Update

The grey market premium (GMP) of the Meesho IPO stands at ₹₹44.5 as of December 04, 2025 (Day 2). Considering the upper end of the price band at ₹111 per share, the estimated listing price is around ₹155, reflecting a potential gain of approximately 40.09% per share in the grey market.

Date	GMP	Est. Listing Price	Gain
04-12-2025 (Day 2)	₹44.5	₹155	40.09%

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.

Meesho IPO – Key Details

Particulars	Details
IPO Opening Date	December 03, 2025
IPO Closing Date	December 05, 2025
Issue Price Band	₹105 to ₹111 per share
Total Issue Size	48,83,96,721 shares(aggregating up to ₹5,421.20 Cr)
Listing Platform	BSE, NSE
Registrar	KFin Technologies Ltd.
Groww (Billionbrains Garage Ventures Ltd.) IPO RHP	Meesho

Important Dates for Meesho IPO Allotment

Event	Date
Tentative Allotment	December 08, 2025
Refunds Initiation	December 09, 2025
Credit of Shares to Demat	December 09, 2025
Listing Date	December 10, 2025

Overview Of Meesho IPO

Meesho is one of India’s fastest-growing e-commerce platforms, designed to make online shopping affordable and accessible while empowering small businesses and home-based entrepreneurs. Operating a zero-commission, asset-light marketplace, it uses advanced AI, analytics, and automation to optimize product discovery, pricing, and logistics. Meesho has built strong penetration across Tier 2 and Tier 3 cities, serving millions of value-seeking consumers and sellers. Its technology-driven model enables low customer acquisition costs, faster deliveries, and scalable operations. As the company continues to expand, it remains focused on sustainable growth, profitability, and strengthening its position in India’s digital commerce ecosystem.

Frequently Asked Questions (FAQs)

What is the opening and closing date of the MeeshoIPO?
Groww IPO is open on December 03, 2025 and will close on December 05, 2025.
What is the price band of the Meesho IPO?
Its price band is fixed from ₹105 to ₹111 per share.
What is the GMP (Grey Market Premium) of the Meesho IPO today?
The GMP on December 04, 2025 is ₹5, which leads to a possible listing price of ₹105.
What is the total issue size of the Meesho IPO?
The total issue size of the MeeshoIPO is ₹5,421.20 crore, structured as a combination of fresh issue and Offer for Sale (OFS) by existing shareholders.
What is the expected listing date of the Meesho IPO?
This IPO is expected to be listed on BSE and NSE on December 10, 2025.

December 4, 2025

Aequs Ltd. IPO GMP Today: Subscription Status, Allotment Dates & Details

Aequs Ltd’s IPO concluded with a strong overall subscription of 11.40 times. Retail Individual Investors (RII) dominated the demand with an exceptional 34.20 times subscription, followed by the sNII (less than ₹10 lakh) category at 24.05 times. The bNII (above ₹10 lakh) segment also showed heavy interest at 14.14 times, taking the total NII subscription to 17.44 times. The Employees category subscribed 16.04 times, while Qualified Institutional Buyers (QIBs) participated at 0.75 times. The issue received 18,09,025 total applications, with aggregate bids amounting to ₹5,792 crore.

Aequs Ltd. IPO Day 2 Subscription Status

Aequs Ltd’s IPO concluded Day 2 with a steady overall subscription of 1.12 times. The strongest participation came from Qualified Institutional Buyers (QIBs) at 2.04 times, reflecting healthy institutional interest. The Retail Individual Investors (RII) segment was subscribed 0.95 times, indicating near-full demand from retail investors. The Non-Institutional Investors (NII) portion reached 0.41 times, with sNII (below ₹10 lakh) at 0.38 times and bNII (above ₹10 lakh) at 0.44 times.

Investor Category	Subscription (x)
Qualified Institutional Buyers (QIB)	0.75
Non-Institutional Investors (NII)	17.44
bNII (above ₹10 lakh)	14.14
sNII (less than ₹10 lakh)	24.05
Retail Individual Investors (RII)	34.20
Employees	16.04
Total Subscriptions	11.40

Total Applications: 18,09,025

Total Bid Amount (₹ Crores): 5,792

Objective of the Aequs Ltd. IPO

Aequs Ltd. plans to utilize the net proceeds from the fresh issue for the following purposes:

Use of IPO Proceeds	Amount (₹ Cr)
Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties	433.17
Funding capital expenditure to be incurred on account of purchase of machinery and equipment by company	8.11
Funding capital expenditure to be incurred on account of purchase of machinery and equipment by one of the wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited, through investment in such Subsidiary	55.89
Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes	–

Aequs Ltd. IPO GMP – Day 2 Update

The grey market premium (GMP) of Aequs Ltd. IPO is ₹41, as on 5:00 PM December 04, 2025. The upper limit of the price band is ₹124 and the estimated listing price as per today’s GMP can be ₹41, giving a potential gain of around 33.06% per share.

Date	GMP	Est. Listing Price	Gain
04-12-2025 (DAY 3)	₹41	₹165	33.06%

Aequs Ltd. IPO – Key Details

Particulars	Details
IPO Opening Date	December 03, 2025
IPO Closing Date	December 05, 2025
Issue Price Band	₹118 to ₹124 per share
Total Issue Size	7,43,39,651 shares(aggregating up to ₹921.81 Cr)
Listing Platform	BSE, NSE
Registrar	Kfin Technologies Ltd.
Aequs Ltd. IPO RHP	Click Here

Important Dates for Aequs Ltd. IPO Allotment

Event	Date
Tentative Allotment	December 08, 2025
Refunds Initiation	December 09, 2025
Credit of Shares to Demat	December 09, 2025
Listing Date	December 10, 2025

Aequs Ltd. Overview

Aequs Ltd., incorporated in 2000, has evolved into a vertically integrated precision manufacturing company with a strong foundation in the aerospace segment. Operating a dedicated Special Economic Zone, the company delivers end-to-end manufacturing capabilities, producing components for engine systems, landing gear, cargo structures, interiors and complex assemblies. Over time, Aequs has diversified beyond aerospace to include consumer electronics, plastics and consumer durables, broadening its technological footprint. As of September 30, 2025, the company had produced over 5,000 aerospace products across major global aircraft programs such as the A220, A320, B737, A330, A350 and B787. Its product portfolio spans structures, interiors, landing systems and actuation systems, reflecting deep engineering expertise. With a workforce of more than 4,500 employees across various roles, Aequs benefits from an experienced talent pool. Its competitive strengths include advanced precision capabilities, a vertically integrated ecosystem, global manufacturing presence and long-standing partnerships with high-entry-barrier customers. Supported by a founder-led leadership team, Aequs is positioned as a significant player in global precision manufacturing.

Easy Steps to Apply for Tata Capital IPO via Pocketful

Step 1 : Install the Pocketful Application 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 “Aequs Ltd.” in the list

Step 5 : Tap on Apply and enter your bid details

Frequently Asked Questions (FAQs)

What is the opening and closing date of the Aequs Ltd. IPO?
Aequs Ltd. IPO is open on 03 December 2025 and will close on 07 December 2025.
What is the price band of the Aequs Ltd. IPO?
Its price band is fixed from ₹118 to ₹124 per share.
What is the GMP (Grey Market Premium) of Aequs Ltd. IPO today?
The GMP on 04 December 2025 is ₹41, which leads to a possible listing price of ₹165.
What is the total issue size of Aequs Ltd. IPO?
The total issue size of the Aequs Ltd. IPO is ₹921.81 crore, comprising of a fresh issue ₹670 crore and an offer for sale (OFS) of ₹251.81 crore.
What is the expected listing date of Aequs Ltd.?
This IPO is expected to be listed on BSE and NSE on 10 December 2025.

December 4, 2025

What is a Deemed Prospectus?

Imagine a company wants to sell its shares to thousands of people to raise money. To do this fairly, the law says it must give you a detailed report card called a prospectus. This document tells you everything you need to know as an investor: the company’s health, its goals, and the risks involved, so investors or buyers can make a smart decision.

But what if a company doesn’t directly sell you the shares, rather it sells a huge chunk of its shares to a merchant bank (middleman). Then, that bank turns around and offers those same shares to you. It seems like the company is avoiding its duty to give you the full story.

This is where the law introduces new rules. In this blog, we will understand what a deemed prospectus is. The idea is straightforward: if a document is used to offer a company’s shares to the public, even through an intermediary, the law treats it as a prospectus. For example, when a bank issues an “Offer for Sale” for shares it recently purchased from a company, the law considers that document as the company’s own deemed prospectus. This means the company remains fully accountable for all the information it contains.

What is a Deemed Prospectus?

The concept of a deemed prospectus is defined under Section 25(1) of the Companies Act, 2013. It states that if a company allots its shares to an intermediary with the intention of selling them to the public, then the document used for that sale will be treated as a prospectus issued directly by the company.

It doesn’t matter what the document is called, if its job is to get the company’s shares into the hands of the public, the law holds the original company responsible. This keeps the company accountable for the information you receive.

For Example : A company called “XYZ Pvt. Ltd.” needs funds to expand the company. Instead of launching a regular IPO, the company sold a large number of its shares to “ABC Bank” on January 1st. Within the next 6 months the ABC Bank creates a document called an “Offer for Sale” and invites the public to buy XYZ Pvt. Ltd. shares.

As the selling of the shares has started within six months, the law gets automatically triggered. The “Offer for Sale” document from ABC Bank is now legally considered the deemed prospectus of XYZ Pvt. Ltd. meaning the directors of XYZ Pvt. Ltd. are fully responsible for information provided by the bank related to the company’s details.

When is a Deemed Prospectus Triggered?

The Six-Month Rule

The first trigger is set according to the timing, where if the merchant banker (middleman) offers the shares to the public within six months of getting them from the issuing company, the law steps in and a quick sale like this suggests it was never a real investment by the banker but just a step in the company’s plan to reach the public.

The Unpaid Bill Rule

The second trigger is set according to the money, here if the issuing company hasn’t received the full payment for the shares by the time the middleman starts selling them, it is concerning. This shows that the company’s payment depends on the public buying of the shares, meaning the company is the one truly raising money from you.

Read Also: Most Highest Subscribed IPOs

Significance of a Deemed Prospectus

Complete Information: The main role of a deemed prospectus is to provide you with complete and honest information before you plan to invest. It makes the company to be transparent about its functions, fundamentals, business, finances and associated risks.
Issuing Company’s Accountability: It holds the company and its directors accountable instead of the middlemen as they are legally responsible for each and every information provided in the deemed prospectus, just as if they had written it themselves.
Protects Investors and Builds Trust: By preventing companies from bypassing disclosure through middlemen, the rule strengthens investor protection and builds trust in the fairness and reliability of the securities market.

Deemed Prospectus vs. Prospectus

Features	Regular Prospectus	Deemed Prospectus
Issuer	Directly issued by the company	Issued by a middlemen like Bank
Offers	It offers a direct invitation to the public	It is an indirect offer to the public
Primary Document	Known as “Prospectus”	The Document is called ‘Offer For Sale’ but treated as Prospectus under law.
Responsibility	The Company and its directors	Both the middlemen and the company

What is Included in the Deemed Prospectus?

Deemed prospectus includes all necessary information required as per the normal Prospectus like:

All details about the company history and businesses.
Transparent information about the directors and company’s management.
Yearly audited financial reports or we can also say the company’s report card.
Clear information about the offered shares.
It also tells us the risks that are prominent in the company’s growth.

Although Deemed Prospectus also requires two extra details for complete transparency about the deal with the middleman:

The Net Payment: It must state exactly how much money the company received from the middleman for the shares. This lets you see the profit the middleman is making.
The Contract: It must tell you where and when you can go and see the contract signed between the company and the middleman. This provides a paper trail for regulators.

Liabilities for Wrong Information

If a deemed prospectus contains misleading or false information, the consequences are severe, just like with a regular prospectus.

Civil Liability: If investors lose the invested amount just because of the wrong and misleading information of the prospectus, then they can sue the company, its directors and the banker for compensation.
Criminal Liability: If things turn out to be right and it’s proven that the prospectus was intentionally fraudulent, then the responsible people can face jail time of up to ten years and heavy fines can be imposed depending on the gravity of fraud.

Read Also: What is a Confidential IPO Filing?

Conclusion

Deemed Prospectus turns out to be a powerful tool that protects the investors money ensuring that the shares offered by the company via deemed prospectus is true, as it is directly provided by the company to the investors. It guarantees that you get the full picture needed to make informed decisions, building a stock market that is safer and more trustworthy for everyone.

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9	What is the IPO Allotment Process?
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13	Performance Of IPOs Launched In 2023
14	What is IPO Listing Time?
15	What are the Different Types of IPO in India?

Frequently Asked Questions (FAQs)

Are Red Herring Prospectus (RHP) the same as Deemed Prospectus?
No, they are different, an RHP is a draft prospectus for a direct IPO that doesn’t include the final price or number of shares.
Who is liable for wrong information in a deemed prospectus?
For any misleading and wrong information the Director as well as the middlemen both are responsible.
Why are middlemen used instead of a direct IPO by the company?
It is a faster way to enter the market and also a faster way to raise funds by using the existing middlemen network.
Main thing to know about a deemed prospectus?
The most important thing to be known by an investor is that their rights are protected as law treats a deemed prospectus just like a regular one, meaning you are entitled to receive complete and accurate information, and the company is fully accountable for it.
Deemed prospectus have to be filed with the government?
Yes. Because it is legally considered a prospectus “for all purposes,” it must be filed with the Registrar of Companies (RoC) before it can be shared with the public, just like any other prospectus.

December 3, 2025

What is Oversubscription in IPOs?

A company wishing to go public, offers shares through an Initial Public Offering (IPO), giving the public a chance to become partial owners of the business. Sometimes, the company is hyped, and the demand for its shares exceeds the number of shares available. This is what is known as oversubscription. It is usually seen as a good sign; it shows that investors are excited and have confidence in the company. But it also means you might not get all the shares you applied for.

In this blog, we will break down why oversubscription happens, what it means for both investors and companies.

What is Oversubscription in IPOs

A scenario of Oversubscription happens when more people want to buy a company’s shares than the company is offering. To simplify, when demand exceeds supply. Suppose a company is offering 1 crore shares, but investors apply for 5 crore shares. That means the IPO is oversubscribed by 5 times, a sign that the company is popular. While oversubscription is usually a good sign, it also means you might not get all the shares you applied for. In such cases, the shares are usually distributed either proportionally or through a lottery system, so everyone gets a fair chance.

How Does Oversubscription Happen?

Here is how it usually comes about,

Limited Shares, High Interest – Companies only offer a set number of shares. If the company’s price is attractive, more investors apply than there are shares available.
Excess Hype & Advertisement – Media coverage, analyst recommendations, or just the general hype around a company can make investors rush in.
Strong Fundamentals – Companies with good growth prospects, stable financials, or a well-known brand draw more attention from investors.
Many Applications – Retail investors, high net worth individuals, and institutions all apply. When everyone’s combined demand is higher than the supply, oversubscription happens.
Fair Allocation – When there is oversubscription, shares are usually allotted either proportionally or through a lottery system, so everyone gets a fair chance.

Causes

Attractive Pricing – If the IPO is priced reasonably or even slightly cheaper than similar companies, investors see it as a great deal. Everyone likes to get their hands on companies which look undervalued.
Positive Market Mood – When the stock market is in an uptrend and people are feeling confident, they are more likely to take chances on new IPOs. A strong market often brings in more applications.
Familiar or Trusted Brands -If the company is already well-known or has products people use every day, investors feel more comfortable putting their money in. It becomes easier to trust a brand you already know.
Past IPO Success Stories – When recent IPOs have given good listing gains, it naturally builds excitement. Investors start thinking, “Maybe this one will perform just as well,” and rush to apply before it’s too late.

Read Also: What is the IPO Allotment Process?

Recent List of Oversubscribed IPO

S. No	Company	Oversubscription	Listing Date
1	Urban Company Ltd	103.6x	17 September 2025
2	LG Electronics India	54x	14 October 2025
3	Srigee DLM Ltd	107x	12 May 2025
4	VMS TMT Ltd	102x	24 September 2025
5	National Securities Depository Ltd (NSDL)	41x	6 August 2025

Impact of Oversubscribed IPO

1. For Investors

When an IPO gets oversubscribed, it simply means there are more buyers than shares offered by the company. So, there is a fair chance you will not get all the shares you applied for. The allotment is usually done through a lottery or on a pro-rata basis, which means you might get just a small portion of what you wanted, or sometimes, none at all.

2. For the Company

An oversubscribed IPO is a big confidence booster for the company. It signals that investors believe in its business and future growth. It also helps in creating a strong brand image and makes it easier for the company to raise funds later if needed.

3. For the Market

When several IPOs get oversubscribed around the same time, it usually points to positive market sentiment. It shows that investors are feeling optimistic and willing to take part in new opportunities.

Conclusion

If an IPO gets oversubscribed, it usually means investors are excited and believe in the company’s story. It is a strong sign of trust and enthusiasm in the market. But there is another side to it, too; not everyone will get all the shares they apply for, and hype does not always translate to profits.

As an investor, it is important to look past the hype. Check the company’s financials, understand what it does, and see if the pricing makes sense. Oversubscription can be because of advertisement and popularity, but smart investing comes from research, patience, and timing, not just hype.

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Frequently Asked Questions (FAQs)

What does it mean when an IPO is oversubscribed?
It simply means more people applied for shares than the company had to offer.
How are shares allotted when an IPO is oversubscribed?
In such cases, the company cannot give everyone what they asked for. So, shares are distributed either through a lottery system (for retail investors) or proportionally (for bigger investors like institutions and HNIs).
Does oversubscription always mean the stock will list higher?
Not necessarily. While high demand often hints at a strong listing, the actual performance depends on market conditions, valuations, and overall sentiment on the listing day.
Can I apply multiple times to increase my chances?
You can apply through different family members’ demat accounts if they have separate PAN numbers. But applying multiple times with the same PAN will get your application rejected.
Is an oversubscribed IPO always a good investment?
Not always. Sometimes hype plays a big role. It is better to focus on companies with strong fundamentals, business models, and realistic pricing.

November 12, 2025

Groww (Billionbrains Garage Ventures Ltd.)IPO Allotment Status, GMP, Subscription & Listing Date

Groww (Billionbrains Garage Ventures Ltd.), one of India’s fastest-growing investment and wealth management platforms, is launching an initial public offering (IPO) to raise up to ₹6,632 crore. The issue opens for subscription on November 4, 2025, and will close on November 7, 2025, with a price band fixed at ₹95 to ₹100 per share. The IPO comprises a fresh share issuance of approximately ₹1,200 crore and an offer-for-sale (OFS) of about ₹5,432 crore by existing shareholders. The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 12, 2025, subject to allotment and necessary regulatory approvals.

Groww (Billionbrains Garage Ventures Ltd.) IPO Day 3 Subscription Status

On Day 3, Groww (Billionbrains Garage Ventures Ltd.). IPO witnessed a strong investor turnout, closing with an overall subscription of 17.60 times. The Qualified Institutional Buyers (QIB) category led the demand with a robust 22.02 times subscription, indicating solid institutional participation. Among Non-Institutional Investors (NII), the bNII (above ₹10 lakh) portion was subscribed 16.28 times, while the sNII (less than ₹10 lakh) segment saw 10.04 times subscription, resulting in an overall NII subscription of 14.20 times. The Retail Individual Investors (RII) category was subscribed 9.43 times, reflecting healthy retail interest. Overall, the issue garnered 31,40,951 applications, with total bids amounting to approximately ₹64,186.764 crore, showcasing strong confidence across investor categories in the company’s growth potential.

Investor Category	Subscription (x)
Qualified Institutional Buyers (QIB)	22.02
Non-Institutional Investors (NII)	14.20
bNII (above ₹10 lakh)	16.28
sNII (less than ₹10 lakh)	10.04
Retail Individual Investors (RII)	9.43
Total Subscriptions	17.60

Total Applications: 31,40,951

Total Bid Amount (₹ Crores): 64,186.76

How to Check Groww (Billionbrains Garage Ventures Ltd.) IPO Allotment Status?

Groww IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.

Method 1: Registrar’s website (MUFG Intime India Pvt. Ltd.)

The most reliable way is to check allotment from MUFG Intime India Private Limited’s website.

How to do:

Visit MUFG Intime India Pvt. Ltd.’s official website
Select “Groww IPO” from the IPO list
Enter your details PAN number, Application number, or DP/Client ID
Click on Submit
You will see the allotment status on the screen.

Method 2: Check from BSE or NSE’s website

If there is more traffic on the registrar’s website, allotment status can also be checked from BSE or NSE.

How to do:

Visit BSE or NSE’s official website
Select ‘Equity’ segment
Select “Groww IPO” from the IPO list
Enter PAN number and Application number
Click on Search

Objective of the Groww (Billionbrains Garage Ventures Ltd.) IPO

Groww plans to utilize the net proceeds from the fresh issue for the following purposes. The proceeds from the Offer for Sale (OFS) will be received by the selling shareholders and not by the company :

Use of IPO Proceeds	Amount (₹ Cr)
Investment in technology infrastructure, AI, and data security enhancement	420.75
Expansion of product offerings and development of new financial services	285.60
Marketing, brand promotion, and customer acquisition initiatives	210.40
Strengthening subsidiaries and investing in overseas expansion	163.25
General corporate purposes and working capital requirements	120.00

Groww (Billionbrains Garage Ventures Ltd.) IPO GMP – Day 3 Update

The grey market premium (GMP) of the Groww IPO stands at ₹5 as of November 07, 2025 (Day 3). Considering the upper end of the price band at ₹100 per share, the estimated listing price is around ₹105, reflecting a potential gain of approximately 05.00% per share in the grey market.

Date	GMP	Est. Listing Price	Gain
07-11-2025 (Day 3)	₹5	₹105	05.00%

Groww (Billionbrains Garage Ventures Ltd.) IPO – Key Details

Particulars	Details
IPO Opening Date	November 04, 2025
IPO Closing Date	November 07, 2025
Issue Price Band	₹95 to ₹100 per share
Total Issue Size	66,32,30,051 shares(aggregating up to ₹6,632 Cr)
Listing Platform	BSE, NSE
Registrar	MUFG Intime India Pvt. Ltd.
Groww (Billionbrains Garage Ventures Ltd.) IPO RHP	Groww

Important Dates for Groww (Billionbrains Garage Ventures Ltd.) IPO Allotment

Event	Date
Tentative Allotment	November 10, 2025
Refunds Initiation	November 11, 2025
Credit of Shares to Demat	November 11, 2025
Listing Date	November 12, 2025

Overview Of Groww (Billionbrains Garage Ventures Ltd.)

Groww (Billionbrains Garage Ventures Ltd.) is a technology-driven, digital investment and wealth management platform that enables users to invest in stocks, mutual funds, ETFs, IPOs, and other financial products seamlessly. With a mission to provide “Investing Made Simple” for everyone, Groww integrates advanced technology, AI-driven analytics, and a robust cloud infrastructure to offer an intuitive, secure, and scalable investment experience. India is its largest market, where it serves millions of retail investors through its mobile app and web platform, while also exploring international expansion opportunities. The company leverages data analytics, automation, and personalized insights to provide investors with accessible financial tools and investment guidance. According to industry reports, Groww is one of India’s fastest-growing retail investment platforms by active users and transaction volume in FY2025, making it a key player in the country’s digital wealth management ecosystem.

Frequently Answered Questions (FAQs)

What is the opening and closing date of Groww (Billionbrains Garage Ventures Ltd.)?
Groww IPO is open on 04 November 2025 and will close on 07 November 2025.
What is the price band of the Groww (Billionbrains Garage Ventures Ltd.) IPO?
Its price band is fixed from ₹95 to ₹100 per share.
What is the GMP (Grey Market Premium) of Groww (Billionbrains Garage Ventures Ltd.) IPO today?
The GMP on 07 November 2025 is ₹5, which leads to a possible listing price of ₹105.
What is the total issue size of Groww (Billionbrains Garage Ventures Ltd.) IPO?
The total issue size of the Groww (Billionbrains Garage Ventures Ltd.) IPO is ₹6,632 crore, structured as a combination of fresh issue and Offer for Sale (OFS) by existing shareholders.
What is the expected listing date of Groww (Billionbrains Garage Ventures Ltd.)?
This IPO is expected to be listed on BSE and NSE on 12 November 2025.

November 8, 2025

Top 10 Most Highest Subscribed IPOs in India

If you have been following the stock market, you’ve probably seen the excitement that surrounds a big IPO. The thrill, the anticipation, and the race to get an allotment are almost like the stock market’s version of a blockbuster movie release. Over the years, India has witnessed some incredible IPO. Some issues were so oversubscribed that the demand went through the roof. These record-breaking IPOs on the BSE and NSE showed just how eager people were to own a part of the company being listed.

In this blog, we will take a look at the 10 most subscribed IPOs in India and explore what made them so popular. So, let’s rewind a bit to some of the biggest IPOs the Indian market has ever seen!

What is IPO Subscription & Why Does it Matter?

When a company decides to go public, it offers its shares to investors through an Initial Public Offering (IPO). The moment the IPO opens, from large institutional investors to retail buyers, everyone starts placing bids for those shares. The total number of bids compared to the number of shares available is called the IPO subscription.

An IPO subscription shows how much demand there is for a company’s shares before they get listed on the stock market. For example, if an IPO is subscribed to 50 times, it means investors have applied for 50 times more shares than what is available, a sign that the issue is in high demand!

IPO subscriptions are usually divided into three groups:

QIB (Qualified Institutional Buyers): Big players like mutual funds, insurance companies, and foreign investors.
NII/HNI (Non-Institutional or High-Net-Worth Investors): Rich individuals who apply with larger amounts.
Retail Investors: Small investors applying for smaller lots, usually up to ₹2 lakh.

So, why does this matter?
Because subscription levels tell a story, they reflect investor confidence, market sentiment, and the overall excitement around an IPO.

Read Also: Top 10 Largest IPOs in India

Why do Investors pay attention to it?

It hints at listing gains – Heavily subscribed IPOs often list at a premium (though not always guaranteed).
It reveals hype and demand – You can easily see which companies are getting everyone’s attention.

That said, do not get carried away by subscription numbers alone. A company’s fundamentals matter much more for long-term success. Some IPOs soar on the day they list, while they may lose steam soon after if the business does not live up to expectations.

List of Top 10 All-time Highest Subscribed IPO

S. No	IPO Name	Subscription	Year	Listing Gain
1	NACDAC Infrastructure	2,209x	Dec, 2024	99.49%
2	Hoac Foods India	2013x	May, 2024	190.94%
3	Austere System Ltd	1077x	Sep, 2025	37.36%
4	Hamps Bio Ltd	1057x	Dec, 2024	99.49%
5	Kay Cee Energy & Infra Ltd	1052x	Jan, 2024	343.33%
6	Toss the Coin Ltd	1026x	Dec, 2024	90%
7	Medicamen Organics Ltd	993x	June, 2024	325.59%
8	Maxposure Ltd	987x	Jan, 2024	317.42%
9	Magenta Lifecare Ltd	983x	June, 2024	35%
10	GP Eco Solutions India Ltd	856x	June, 2024	318.88%

Conclusion

IPOs are always exciting; it is like getting a front-row ticket to a company’s growth story. Some IPOs grab headlines not just for the business itself but for the insane rush of investors. That said, remember this: a high subscription or a big listing day gain does not automatically mean long-term profits. Smart investing always comes down to looking at the company’s fundamentals and the bigger market picture.

S.NO.	Check Out These Interesting Posts You Might Enjoy!
1	What are the Different Types of IPO in India?
2	What is the Book-Building Process in an IPO?
3	Why Does a Company Go Public & Launch IPO?
4	Performance Of IPOs Launched In 2023
5	OFS vs IPO: Key Differences and Benefits
6	Apply in IPO Through ASBA- IPO Application Method
7	What Is An IPO Mutual Fund? Should You Invest?
8	What is IPO Listing Time?
9	Strategies To Boost Your IPO Allotment Chances
10	From Private to Public: Decoding the IPO Journey

Frequently Asked Questions (FAQs)

What does it mean when an IPO is “oversubscribed”?
It just means more people want shares than are available.
Does a high subscription guarantee profits?
No. High subscription usually shows strong demand and can mean a good listing, but it doesn’t promise long-term gains.
What is the difference between mainboard and SME IPOs?
Mainboard IPOs are from big, established companies listed on NSE/BSE. SME IPOs are for smaller companies on the SME platform
How are IPO listing gains calculated?
It is the percentage difference between the IPO price and the stock’s listing price. Sometimes people look at the opening price; sometimes the closing price on the first day.
Can retail investors apply for all IPOs?
Yes! Most IPOs have a retail quota, usually up to ₹2 lakh. Bigger investors like institutions and HNIs have their own separate quotas.

November 7, 2025

Lenskart Solutions IPO Allotment Status, GMP, Subscription & Listing Date

Lenskart Solutions Ltd., India’s leading omni-channel eyewear manufacturer-retailer, is launching an initial public offering that aims to raise up to ₹7,278.02 crore. The issue opens for subscription on October 31 2025 and will close on November 4 2025, with a price band fixed at ₹382 to ₹402 per share. The IPO comprises a fresh share issuance of approximately ₹2,150 crore and an offer-for-sale (OFS) of about ₹5,128.02 crore by existing shareholders. Shares are proposed to be listed on both the Bombay Stock Exchange and the National Stock Exchange of India on November 10 2025, subject to allotment and regulatory processes.

Lenskart Solutions IPO Day 3 Subscription Status

On Day 3, Lenskart Solutions Ltd. IPO witnessed a strong investor turnout, closing with an overall subscription of 28.26 times. The Qualified Institutional Buyers (QIB) category led the demand with a robust 40.36 times subscription, indicating solid institutional participation. Among Non-Institutional Investors (NII), the bNII (above ₹10 lakh) portion was subscribed 21.81 times, while the sNII (less than ₹10 lakh) segment saw 11.06 times subscription, resulting in an overall NII subscription of 18.23 times. The Retail Individual Investors (RII) category was subscribed 7.54 times, reflecting healthy retail interest. The employee quota also received a positive response, being subscribed 4.95 times. Overall, the issue garnered 32,47,394 applications, with total bids amounting to approximately ₹1,13,319.83 crore, showcasing strong confidence across investor categories in the company’s growth potential.

Investor Category	Subscription (x)
Qualified Institutional Buyers (QIB)	40.36
Non-Institutional Investors (NII)	18.23
bNII (above ₹10 lakh)	21.81
sNII (less than ₹10 lakh)	11.06
Retail Individual Investors (RII)	7.54
Employees	4.95
Total Subscriptions	28.27

Total Applications: 32,56,295

Total Bid Amount (₹ Crores): 1,13,338

How to Check Lenskart Solutions IPO Allotment Status

Lenskart Solutions IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.

Method 1: Registrar’s website (MUFG Intime India Pvt. Ltd.)

The most reliable way is to check allotment from MUFG Intime India Private Limited’s website.

How to do:

Visit MUFG Intime India Pvt. Ltd.’s official website
Select “Lenskart Solutions” from the IPO list
Enter your details PAN number, Application number, or DP/Client ID
Click on Submit
You will see the allotment status on the screen.

Method 2: Check from BSE or NSE’s website

If there is more traffic on the registrar’s website, allotment status can also be checked from BSE or NSE.

How to do:

Visit BSE or NSE’s official website
Select ‘Equity’ segment
Select “Lenskart Solutions” from the IPO list
Enter PAN number and Application number
Click on Search

Objective of the Lenskart Solutions IPO

Lenskart Solutions Ltd. plans to utilize the net proceeds from the fresh issue for the following purposes. The proceeds from the Offer for Sale (OFS) will be received by the selling shareholders and not by the company :

Use of IPO Proceeds	Amount (₹ Cr)
Capital expenditure towards set-up of new CoCo stores in India	272.62
Expenditure for lease/rent/license agreements related payments for our CoCo stores operated by the Company, in India	591.44
Investing in technology and cloud infrastructure	213.38
Brand marketing and business promotion expenses for enhancing brand awareness	320.06
Unidentified inorganic acquisitions and general corporate purposes	–

Lenskart Solutions IPO GMP – Day 3 Update

The grey market premium (GMP) of the Lenskart Solutions IPO stands at ₹53 as of November 04, 2025 (Day 3). Considering the upper end of the price band at ₹402 per share, the estimated listing price is around ₹455, reflecting a potential gain of approximately 13.18% per share in the grey market.

Date	GMP	Est. Listing Price	Gain
04-11-2025 (Day 3)	₹53	₹455	13.18%

Lenskart Solutions IPO – Key Details

Particulars	Details
IPO Opening Date	October 31, 2025
IPO Closing Date	November 04, 2025
Issue Price Band	₹382 to ₹402 per share
Total Issue Size	18,10,45,160 shares(aggregating up to ₹7,278.02 Cr)
Listing Platform	BSE, NSE
Registrar	MUFG Intime India Pvt. Ltd.
Lenskart Solutions IPO RHP	Click here

Important Dates for Lenskart Solutions IPO Allotment

Event	Date
Tentative Allotment	November 06, 2025
Refunds Initiation	November 07, 2025
Credit of Shares to Demat	November 07, 2025
Listing Date	November 10, 2025

Lenskart Solutions Overview

Lenskart Solutions Ltd. is a technology-driven, omni-channel eyewear company engaged in designing, manufacturing, branding, and retailing of a wide range of eyewear products, including prescription eyeglasses, sunglasses, contact lenses, and accessories. With a mission to provide affordable and quality “Eyewear for All,” Lenskart integrates advanced technology, cloud infrastructure, and a centralized supply chain to deliver precision-made eyewear at scale. India is its largest market, where it operates over 2,100 stores, while its international presence spans Japan, Southeast Asia, and the Middle East through the Lenskart and Owndays brands. The company owns vertically integrated manufacturing facilities in Bhiwadi (Rajasthan) and Gurugram (Haryana), supported by regional hubs in Singapore and the UAE, enabling rapid fulfillment and next-day delivery in select locations. Leveraging AI-driven design, automation, and remote optometry solutions, Lenskart provides accessible eye testing and customized eyewear to millions of customers globally. According to the Redseer Report, it is India’s largest and Asia’s second-largest organized retailer of prescription eyeglasses by sales volume in FY2025.

Frequently Asked Questions (FAQs)

What is the opening and closing date of Lenskart Solutions IPO?
Lenskart Solutions IPO is open on 31 October 2025 and will close on 04 November 2025.
What is the price band of the Lenskart Solutions IPO?
Its price band is fixed from ₹382 to ₹402 per share.
What is the GMP (Grey Market Premium) of Lenskart Solutions IPO today?
The GMP on 04 November 2025 is ₹53, which leads to a possible listing price of ₹455.
What is the total issue size of Lenskart Solutions IPO?
The total issue size of the Lenskart Solutions IPO is ₹455.49 crore, entirely as an “Fresh Capital-cum-Offer for Sale.”
What is the expected listing date of Lenskart Solutions?
This IPO is expected to be listed on BSE and NSE on 10 November 2025.

November 4, 2025

Studds Accessories IPO Allotment Status: Check Latest GMP, Steps to Verify Status

Studds Accessories Ltd., a leading manufacturer of two-wheeler helmets and accessories, has launched its ₹455.49 crore Initial Public Offering (IPO). The issue is structured entirely as an Offer for Sale (OFS), meaning no fresh shares are being issued and the company will not raise new capital. The IPO opened for subscription on October 30, 2025, with a price band of ₹557 to ₹585 per share. The subscription window will close on November 3, 2025, and the company’s shares are scheduled to be listed on both the BSE and NSE on November 7, 2025.

Studds Accessories IPO Day 3 Subscription Status

On Day 3, the Studds Accessories IPO received a strong response from investors, closing with an overall subscription of 73.24 times. The Qualified Institutional Buyers (QIB) category led the demand with an impressive 159.99 times subscription, reflecting robust institutional interest. Among non-institutional investors, the bNII (above ₹10 lakh) segment was subscribed 83.08 times, while the sNII (less than ₹10 lakh) portion saw 64.78 times subscription, taking the overall NII category to 76.98 times. Retail investors also showed remarkable enthusiasm with a 22.06 times subscription. There was no separate employee quota in this issue.

Investor Category	Subscription (x)
Qualified Institutional Buyers (QIB)	159.99
Non-Institutional Investors (NII)	76.98
bNII (above ₹10 lakh)	83.08
sNII (less than ₹10 lakh)	64.78
Retail Individual Investors (RII)	22.06
Employees	–
Total Subscriptions	73.24

Total Applications: 20,70,166

Total Bid Amount (₹ Crores): 23,350.94

How to Check WeWork IPO Allotment Status

Studds Accessories IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.

Method 1: Registrar’s website (MUFG Intime India Pvt. Ltd.)

The most reliable way is to check allotment from MUFG Intime India Private Limited’s website.

How to do:

Visit MUFG Intime India Pvt. Ltd.’s official website
Select “Studds Accessories” from the IPO list
Enter your details PAN number, Application number, or DP/Client ID
Click on Submit
You will see the allotment status on the screen.

Method 2: Check from BSE or NSE’s website

If there is more traffic on the registrar’s website, allotment status can also be checked from BSE or NSE.

How to do:

Visit BSE or NSE’s official website
Select ‘Equity’ segment
Select “Studds Accessories” from the IPO list
Enter PAN number and Application number
Click on Search

Objective of the Studds Accessories IPO

Studds Accessories will not receive any proceeds from the Offer. All funds raised through the Offer will go entirely to the Selling Shareholder, after deduction of Offer-related expenses and applicable taxes, which will be borne solely by the Selling Shareholder.

Studds Accessories IPO GMP – Day 3 Update

The grey market premium (GMP) of Studds Accessories IPO is ₹63 as of 5:00 PM on November 03, 2025. The upper limit of the price band is ₹585, and based on the current GMP, the estimated listing price is ₹648, indicating a potential gain of approximately 10.77% per share.

Date	GMP	Est. Listing Price	Gain
03-11-2025 (Day 3)	₹63	₹648	10.77%

Studds Accessories IPO – Key Details

Particulars	Details
IPO Opening Date	October 30, 2025
IPO Closing Date	November 03, 2025
Issue Price Band	₹557 to ₹585 per share
Total Issue Size	77,86,120 shares(aggregating up to ₹455.49 Cr)
Listing Platform	BSE, NSE
Registrar	MUFG Intime India Pvt. Ltd.
Studds Accessories IPO RHP	Click here

Important Dates for Studds Accessories IPO Allotment

Event	Date
Tentative Allotment	November 04, 2025
Refunds Initiation	November 06, 2025
Credit of Shares to Demat	November 06, 2025
Listing Date	November 07, 2025

Studds Accessories Overview

Studds Accessories Ltd., headquartered in Faridabad, India, is the country’s largest two-wheeler helmet manufacturer by revenue in Fiscal 2024 and the world’s largest by volume in Calendar Year 2024. With nearly five decades of experience, the company designs, manufactures, markets, and sells helmets and two-wheeler accessories under its flagship brands, Studds and SMK. As of March 31, 2025, Studds operated four advanced manufacturing facilities with an annual capacity of 9.04 million units and sold about 7.40 million helmets during Fiscal 2025. Its products are sold across India and exported to more than 70 countries across the Americas, Europe, and Asia. The company also manufactures helmets for international brands such as Daytona and O’Neal. Studds’ wide product range includes luggage, gloves, rain suits, and riding gear, supported by strong R&D, design innovation, and global safety certifications like ISO and ECE 22.06. With its fifth facility under construction and continuous investments in automation and smart helmet technologies, Studds aims to meet growing global demand. Led by an experienced management team, the company continues to focus on safety, quality, and design excellence, reinforcing its position as a trusted global leader in the two-wheeler helmet industry.

Frequently Asked Questions (FAQs)

What is the opening and closing date of Studds Accessories IPO?
Studds Accessories IPO is open on 30 October 2025 and will close on 03 November 2025.
What is the price band of the Studds Accessories IPO?
Its price band is fixed from ₹557 to ₹585 per share.
What is the GMP (Grey Market Premium) of Studds Accessories IPO today?
The GMP on 9 October 2025 is ₹63, which leads to a possible listing price of ₹648.
What is the total issue size of Studds Accessories IPO?
The total issue size of the Studds Accessories IPO is ₹455.49 crore, entirely as an “Offer for Sale”.
What is the expected listing date of Studds Accessories?
This IPO is expected to be listed on BSE and NSE on 07 November 2025.

November 3, 2025

Top 10 Largest IPOs in India

IPOs have been the primary choice of investment for many traders for years. It allows you to enter the market early and helps you with better earning opportunities as well. But have you ever wondered which were the biggest IPO in India that were ever launched?

Well, this is important to know as this will help you to not only understand more about the company but also about how well they were received in the market. So, while there have been many notable ones, here we will discuss the largest IPO in India.

So, read this guide and explore all the details you need to ensure you know about the market and performance well. Let us get started here, then.

Top 10 Largest IPO in India

If you are wondering which is India’s biggest IPO, then you would be surprised to know that these come from various sectors and industries. Many people might think that they belong to IT or FMCG, but the actual span is really wide here. So, let’s now explore the details of the top 10 IPOs in India.

Company Name	Sector	Issue Dates	Issue Size (₹ Crore)	Price Band (₹)	Listing Date	Listing Price / % Change	Closing Price / % Change	Lot Size (Shares)
Hyundai Motor India	Automobile	15 – 17 Oct 2024	27,858.75	1,865 – 1,960 (Employee Discount ₹186)	22 Oct 2024	₹1,934 (↓1.33%)	₹1,819.60 (↓7.16%)	7
LIC (Life Insurance Corporation of India)	Insurance	4 – 9 May 2022	20,557.23	902 – 949 (Retail Discount ₹45)	17 May 2022	₹872 (↓8.11%)	₹875.25 (↓7.77%)	15
Paytm (One97 Communications Ltd)	Fintech	8 – 10 Nov 2021	18,300	2,080 – 2,150 (Retail Discount 5%)	18 Nov 2021	₹1,950 (↓9.30%)	₹1,560 (↓27.44%)	6
Tata Capital Ltd	Financial Services	6 – 8 Oct 2025	15,511.87	310 – 326	13 Oct 2025	₹330 (↑1.23%)	₹330.50 (↑1.38%)	46
Coal India Ltd	Energy	18 – 21 Oct 2010	15,200	225 – 245 (Retail Discount 5%)	4 Nov 2010	₹291 (↑25%)	₹342.55 (↑47.17%)	25
HDB Financial Services Ltd	NBFC	25 – 27 Jun 2025	12,500	700 – 740	2 Jul 2025	₹835 (↑12.84%)	₹840.95 (↑13.64%)	20
Reliance Power Ltd	Power	15 – 18 Jan 2008	11,700	405 – 450	11 Feb 2008	₹530 (↑17.77%)	₹372.30 (↓17.27%)	15
LG Electronics India Ltd	Consumer Electronics	7 – 9 Oct 2025	11,607.01	1,080 – 1,140 (Employee Discount ₹108)	14 Oct 2025	₹1,710 (↑50.01%)	₹1,689.90 (↑48.24%)	13
Swiggy Ltd	Food Delivery & Tech	6 – 8 Nov 2024	11,327.43	371 – 390 (Employee Discount ₹25)	13 Nov 2024	₹420 (↑7.69%)	₹456 (↑16.92%)	38
General Insurance Corporation (GIC) of India	Insurance	11 – 13 Oct 2017	11,256.83	855 – 912 (Retail Discount ₹45)	25 Oct 2017	₹850 (↓1.96%)	₹874.30 (↑0.84%)	16

1. Hyundai Motor India

Hyundai Motor India’s IPO became India’s biggest IPO, raising ₹27,858.75 crore in October 2024. Despite strong institutional interest of 6.97 times, retail participation remained modest at 2.4 times. The stock listed at ₹1,934 per share but closed 7.16% lower at ₹1,819.60. The muted debut reflected investor caution toward auto stocks amid global market uncertainty, even though Hyundai’s brand strength made this offering a landmark in Indian capital market history.

2. Life Insurance Corporation of India (LIC)

The LIC IPO was among the largest IPO in India, mobilising ₹20,557.23 crore in May 2022. Backed by India’s biggest insurer, the issue attracted 3× overall subscription with strong retail and policyholder participation. However, post-listing, the shares declined nearly 10% within weeks due to valuation concerns and broader market volatility. Still, the listing marked a historic move in India’s disinvestment drive and drew massive nationwide investor attention.

3. Paytm (One97 Communications Ltd)

Paytm’s 2021 public issue stood as the biggest IPO in India at the time, raising ₹18,300 crore. Despite heavy anticipation, subscription stayed below two times, reflecting investor scepticism around profitability. The stock listed 9.3% lower and ended 27% down on debut day. While it showcased India’s growing fintech ambitions, Paytm’s weak listing underlined the risks of investing in high-growth but loss-making digital ventures during volatile market conditions.

4. Tata Capital Ltd

The Tata Capital IPO launched in October 2025. It was the highest IPO in India that year, raising ₹15,511.87 crore. As the flagship NBFC arm of Tata Group, it received solid subscription across investor classes and listed at a small premium of 1.23%. Supported by strong financials, brand trust, and steady RONW, Tata Capital’s debut reaffirmed investor confidence in diversified financial services and cemented its leadership in India’s lending ecosystem.

5. Coal India Ltd

Coal India’s 2010 issue long held the record for the biggest IPO in India, raising ₹15,200 crore through an oversubscription of over 15 times. The stock listed with a 17% premium and closed nearly 40% higher on debut day, rewarding investors handsomely. As the world’s largest coal producer and a PSU powerhouse, Coal India’s offering became a model for successful government disinvestments in India’s stock market.

6. HDB Financial Services Ltd

HDB Financial Services, a subsidiary of HDFC Bank, launched its IPO in June 2025, raising ₹12,500 crore and ranking among the largest IPOs in India. The issue was subscribed over 16+ times, driven by strong QIB demand and HDFC’s credibility. Listing with a 13% gain, HDB showcased solid financial performance, healthy loan book, and steady growth, making it one of the most successful NBFC listings of the year.

7. Reliance Power Ltd

Reliance Power’s 2008 public issue became one of the highest IPO in India during the market boom, collecting ₹11,700 crore. It was oversubscribed 73 times amid immense hype. Despite listing at a 17% premium, it ended the day with a 17% loss. This was due to the global financial crisis. The IPO remains a classic example of investor overexcitement followed by disappointment. This marks a turning point in IPO investing sentiment.

8. LG Electronics India Ltd

The LG Electronics India IPO was worth ₹11,607.01 crore. It was among the biggest IPO in India in 2025. The issue drew over 6.5 million applications. It was subscribed 54 times, reflecting massive investor enthusiasm. On listing day, shares opened 50% higher at ₹1,710 and closed 48% up at ₹1,689.90. This strong debut reinforced faith in India’s consumer electronics sector and highlighted LG’s brand strength among investors.

9. Swiggy Ltd

Swiggy’s ₹11,327.43 crore IPO in November 2024 ranked among the largest IPOs in India from the tech sector. Despite muted grey market expectations, the issue gained strong QIB backing and listed at ₹420, up 7.7%. It closed 16.9% higher at ₹456, exceeding market predictions. The listing underlined Swiggy’s dominant position in food delivery and growing investor confidence in India’s expanding digital-first economy.

10. General Insurance Corporation (GIC) of India

GIC’s October 2017 IPO raised ₹11,256.83 crore, positioning it among India’s biggest IPOs in the insurance sector. Despite limited retail and HNI participation, the listing managed a modest positive close thanks to a discount for small investors. The IPO marked India’s first reinsurance player going public. It helped in broadening exposure to the insurance industry and setting a precedent for future government-backed listings.

Conclusion

The story of the biggest IPO in India reflects how dynamic and diverse the country’s stock market has become. Every IPO represents a shift in investor confidence and market maturity.

These offerings show how sectors such as finance, insurance, automobiles, and technology continue to attract strong participation. And by understanding this, investors can ensure that they have a better investment journey. But to ensure you go ahead with correct details, you need to have an expert by your side.

Stay informed with Pocketful. Keep updated with the latest information and invest wisely.

S.NO.	Check Out These Interesting Posts You Might Enjoy!
1	What are the Different Types of IPO in India?
2	What is the Book-Building Process in an IPO?
3	Why Does a Company Go Public & Launch IPO?
4	Performance Of IPOs Launched In 2023
5	OFS vs IPO: Key Differences and Benefits
6	Apply in IPO Through ASBA- IPO Application Method
7	What Is An IPO Mutual Fund? Should You Invest?
8	What is IPO Listing Time?
9	Strategies To Boost Your IPO Allotment Chances
10	From Private to Public: Decoding the IPO Journey

Frequently Asked Questions (FAQs)

What makes an IPO successful in India?
A successful IPO depends on investor demand mainly. But then there are other factors which include fair pricing, market conditions, and the company’s growth potential after listing.
Which IPO gave the highest listing gains in India?
Coal India’s IPO in 2010 delivered over 40% listing gains. This makes it one of the most profitable public issues.
Why did some of the largest IPOs list at a discount?
Overvaluation, weak sentiment, or limited retail participation can lead to discounted listings even for large IPOs.
Which sector has seen the most big-ticket IPOs in India?
Financial services and insurance have dominated with massive public issues. These are from LIC, HDB Financial Services, and Tata Capital which reflect negative or Unchanged Gains.
What should investors check before applying for an IPO?
Investors should review the company’s fundamentals, business model & Valuation. Then they must do peer valuation and the SWOT analysis as well. This will help them understand the financial performance before investing.

November 3, 2025

What is a Confidential IPO Filing?

Financial Data of a company plays a key role for an investor willing to invest in a company. And in case a company is going public for the first time, DHRP plays a key role for them to analyse the company. However, with the recent introduction of Confidential Pre-filing DHRP, the general public does not get insight into the company’s key financial data.

In today’s blog, we will introduce a concept called “Confidential IPO Filing” by a company, along with its key benefits and risks.

Meaning of Confidential IPO Filing

A confidential IPO Filing is a process in which a company submits its IPO document, known as the Draft Red Herring Prospectus, to the Securities and Exchange Board of India. But this filing is not made public. This process allows the company to evaluate the feedback from the regulating authorities. This is a part of the pre-IPO process.

How Does the Confidential IPO Process Work?

The working of the Confidential IPO is mentioned below:

Appointing Merchant Banker: Appointment of a merchant banker or lead manager is the first step towards the IPO filing process. They help in preparing the draft red hearing prospectus (DRHP).
Submission of DRHP: Once the merchant banker prepares the DRHP then it must be filed with the SEBI without disclosing the details to the public. This document carries key parameters of the company’s financial ratios, business model, etc.
Review by SEBI: After the documents are submitted to SEBI, they will be reviewed by SEBI. And if there are any observations, they will be made to the merchant banker and the company.
Revised DRHP: In case of any observation by the SEBI, it will be rectified on an immediate basis, and the revised DRHP will be filed with SEBI.
Public Issue: Once the DRHP is approved by the SEBI, then the company is ready to go ahead with its public issue and can make a public announcement of its issue.
Listing: As soon as the IPO allotment process is completed, the company can get its shares listed on the exchanges.

Difference Between Confidential and Traditional IPO Filing

The key differences between confidential and traditional IPO filings are as follows:

Particular	Confidential IPO Filing	Traditional IPO Filing
Filing	The IPO filing is done privately.The company files a public version later, after addressing SEBI’s comments.	The IPO is filed publicly, and every investor gets to know about the details. All details are visible to investors from day one.
Flexible	It offers great flexibility. The company can delay or modify the IPO.	Any withdrawal of the IPO by the company comes to the knowledge of the public and can impact the company’s reputation significantly.
Speculation	This can avoid speculation by the public, as early details are not available.	Because of the availability of early IPO details, the chances of speculation related to the grey market premium will increase.
Suitability	The confidential IPO filing is suitable for micro, small, and medium-scale companies.	These types of IPOs are generally opted for by large companies.
Information	The chances of getting the details are very low, since the filings are not disclosed publicly.	All financial, operational, and risk disclosures are public from the start, open to competitors and the media.

Benefits of Confidential IPO Filing

The key benefits of confidential IPO filing are as follows:

Privacy: Through a confidential IPO filing, the companies can keep their important data private at the early stage of the IPO process. This can help them avoid getting unwanted attention from the competitors.
Improve Final Draft: Confidential IPO filing helps in making necessary corrections before making the issue public.
Less Media Coverage: Companies can easily prepare for their public issue without worrying about the media coverage, market speculations, etc.

Risk of Confidential IPO Filing

There are significant risks related to Confidential IPO filing for the companies, a few of which are mentioned below:

Lack of Investors’ Feedback: Due to the limited availability of information, the investors’ feedback is not available to the company.
Risk of Insider Trading: Although SEBI mandates strict confidentiality, sensitive details shared with intermediaries like merchant bankers or auditors could still be at minor risk of misuse.
Trust: Because of secrecy, it can sometimes lead to the creation of a perception among the investors that the company is hiding something.

Is a Confidential IPO Filing Allowed in India?

Yes, the Confidential IPO filing is allowed in India according to the regulations specified by the Securities and Exchange Board of India (SEBI) in November 2022. The regulations are defined under “Pre-Filling of Offer Document”. According to this regulation, a company can submit their draft document to SEBI without making it public.

Conclusion

On a concluding note, through Confidential IPO Filing, companies can smartly go public. They can file their IPO documents with SEBI without letting the public be aware of it. It allows the company’s management to fine-tune the errors in the IPO document without having any impact on its reputation. This mechanism was introduced by SEBI in November 2022. However, this IPO filing benefits the company directly; along with this, it also carries certain disadvantages for them. Hence, an investor should consult their investment advisor before making any investment in an IPO and go through their prospectus.

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Frequently Asked Questions (FAQs)

Is a confidential IPO allowed in India?
Yes, a confidential IPO filing is allowed in India after it was introduced by SEBI in 2022.
Who can opt for confidential IPOs?
Confidential IPOs can be filed by any company. However, they are generally filed by companies in the IT and pharma sectors.
When does an investor get to know about the confidential IPO filed by a company?
When the company launches their marketing campaign about the IPO after incorporating the regulatory feedback from the SEBI. The general investor or public gets to know about it.
Can a company withdraw their IPO after its filing with SEBI?
Yes, a company can easily withdraw their IPO after its initial filing with SEBI. This step is generally taken by the company when they think market conditions are not favourable or require significant changes.
Can an investor have access to the Pre-filing DHRP of a company filing a Confidential IPO?
No, an investor does not have any access to the Pre-filing DRHP of a company filing it confidentially. They are reviewed by the SEBI privately.

October 26, 2025

Category: IPO

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