26-May-20 SENSEX 30,609.30[ -63.29 ]Asian Paints 1,630.50 [ 12.65 ]Axis Bank 341.40 [ 4.30 ]Bajaj Auto 2,564.30 [ 11.55 ]Bajaj Fin. 1,829.90 [ -66.05 ]Bharti Airtel 559.15 [ -33.85 ]H D F C 1,502.15 [ -14.40 ]HCL Technologies 524.00 [ -6.20 ]HDFC Bank 853.35 [ 14.45 ]Hero Motocorp 2,112.95 [ -36.80 ]Hind. Unilever 1,977.45 [ -10.95 ]ICICI Bank 292.55 [ 1.35 ]IndusInd Bank 348.20 [ 10.00 ]Infosys 680.15 [ -12.10 ]ITC 191.50 [ 5.15 ]Kotak Mah. Bank 1,152.45 [ -7.80 ]Larsen & Toubro 825.80 [ 9.85 ]M & M 429.25 [ 2.70 ]Maruti Suzuki 5,246.75 [ 112.95 ]Nestle India 16,681.80 [ 462.35 ]NTPC 93.05 [ 2.15 ]O N G C 76.95 [ 0.75 ]Power Grid Corpn 157.40 [ 1.50 ]Reliance Inds. 1,423.70 [ -7.90 ]St Bk of India 151.40 [ 0.55 ]Sun Pharma.Inds. 459.05 [ -10.15 ]Tata Steel 280.50 [ 6.05 ]TCS 1,943.35 [ -75.60 ]Tech Mahindra 520.00 [ -9.70 ]Titan Company 893.15 [ 43.70 ]UltraTech Cem. 3,783.75 [ 145.35 ]
What is an IPO?
What is the difference between an IPO and Book Building?
What is a draft prospectus?
What is the minimum application money I need to pay?
Is this IPO a good investment?
Having applied for an IPO how can I know my allotment status?
In book building can I improve my chances of allotment by quoting the price above the price band?
How do I know if a company is already listed on the exchange?
An Initial Public Offer (IPO) is a means of collecting money from the public by a company for the first time in the market to fund its projects. In return, the company gives the share to the investors in the company.
In an IPO, the Lead managers decide the price of the issue. In a book building offer, the syndicate members decide the indicative price range and the investors decide the price of the issue through a tender method.
A draft prospectus provides the information on the financials of the company, promoters, background, tentative issue price etc. It is filed by the Lead Managers with the Securities & Exchange Board of India (SEBI) to provide issue details. Overview of the draft prospectus can be seen on www.sebi.gov.in (SEBI's web site). The final prospectus is printed after obtaining the clearance from SEBI and the Registrar of Companies (ROC).
This differs from issue to issue. In a normal issue, the Lead managers decide the value and this would be notified on the form. In a book building issue, a price range is declared and the investors who quote higher value would be allotted. In Highlights page of any IPO these issues are explained in detail.
When you go through the executive summary of an IPO, our research team provides its opinion on the issue based on an analysis of the company's financials, promoters' background and other qualitative issues. This can help in guiding your investment decision.
For a public issue, you can know the status by calling the registrar (you will know about the registrar on the Highlights Page of the issue) after 30 to 40 days from the closing date of the issue. However, in a book building issue, you can know the status by calling the registrar after 20 days from the closing date.
Please bear in mind that in a book building exercise the final price is decided based on at what price the maximum demand can be generated for the issue. Your quoting a price above the band "will not" in any way improve your chances of getting an allotment.

Ultimately you will be allotted the shares only at the price decided by the company based on the bids received. Also note that if you quote a price below the band then you will get the last priority for allotment and that too at the discretion of the company.
Please visit our New Listings page on the IPO Home . We are currently covering stocks listing on the BSE and very soon will be expanding it to include regional stock exchanges too.
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