An Initial Public Offering (IPO) is a privately held company’s first sale of shares to the general public. Going public companies raise funds for working capital, debt repayment, acquisitions, and a variety of other purposes.
Investors in India can apply for IPO stocks by completing an online IPO application provided by stockbrokers and banks.
A list of IPOs in 2023 provides information on IPOs that took place in the year 2023 on the BSE, NSE, BSE SME, and NSE Emerge exchanges. Click on the company name for IPO information, IPO reviews and analysis, IPO allotment status, IPO bidding information, IPO grey market premiums, IPO news, and performance.
IPO List 2023
|
Issuer Company |
Open Date | Close Date | Issue Price (Rs) | Issue Size (Rs Cr) | Lot Size |
Exchange |
| The Krystal Integrated Services IPO | March 14, 2024 | March 18, 2024 | Rs 680 to Rs 715 per share | 4,197,552 shares (aggregating up toRs 300.13 Cr) |
20 Shares | BSE, NSE |
| Vibhor Steel Tubes’ IPO | February 13, 2024 | February 15, 2024 | Rs 141 to Rs 151 per share | [.] shares (aggregating up to Rs 72.17 Cr) |
99 Shares | BSE, NSE |
| Capital SFB IPO | February 7, 2024 | February 9, 2024 | Rs 445 to Rs 468 per share | 11,176,713 shares (aggregating up to Rs 523.07 Cr) |
32 Shares | BSE, NSE |
| Jana SFB IPO | February 7, 2024 | February 9, 2024 | Rs 393 to Rs 414 per share | 13,768,049 shares (aggregating up to Rs 570.00 Cr) |
36 Shares | BSE, NSE |
| Rashi Peripherals IPO | February 7, 2024 | February 9, 2024 | Rs 295 to Rs 311 per share | 19,292,604 shares (aggregating up to Rs 600.00 Cr) |
48 Shares | BSE, NSE |
| Apeejay Surrendra Park IPO | February 5, 2024 | February 7, 2024 | Rs 147 to Rs 155 per share | [.] shares (aggregating up to Rs 920.00 Cr) |
96 Shares | BSE, NSE |
| Italian Edibles IPO | February 2, 2024 | February 7, 2024 | Rs 68 per share | 3,920,000 shares (aggregating up to Rs 26.66 Cr) |
2000 Shares | NSE SME |
| BLS E-Services IPO | January 30, 2024 | February 1, 2024 | Rs 129 to Rs 135 per share | 23,030,000 shares (aggregating up to Rs 310.91 Cr) |
108 Shares | BSE, NSE |
| EPACK Durable IPO | January 19, 2024 | January 23, 2024 | Rs 218 to Rs 230 per share | 27,828,351 shares (aggregating up to Rs 640.05 Cr) |
65 Shares | BSE, NSE |
| Medi Assist Healthcare IPO | January 15, 2024 | January 17, 2024 | Rs 397 to Rs 418 per share | 28,028,168 shares (aggregating up to Rs 1,171.58 Cr) |
35 Shares | BSE, NSE |
| Jyoti CNC Automation IPO | January 9, 2024 | January 11, 2024 | Rs 315 to Rs 331 per share | 30,211,480 shares (aggregating up to Rs 1,000.00 Cr) |
45 Shares | BSE, NSE |
| Innova Captab IPO | December 21, 2023 | December 26, 2023 | Rs 426 to Rs 448 per share | 12,723,214 shares (aggregating up to Rs 570.00 Cr) |
33 Shares | BSE, NSE |
| Azad Engineering IPO | December 20, 2023 | December 22, 2023 | Rs 499 to Rs 524 per share | 14,122,138 shares (aggregating up to Rs 740.00 Cr) |
28 Shares | BSE, NSE |
| Mufti Menswear IPO | December 19, 2023 | December 21, 2023 | Rs 266 to Rs 280 per share | 19,634,960 shares (aggregating up to Rs 549.78 Cr) |
53 Shares | BSE, NSE |
| RBZ Jewellers IPO | December 19, 2023 | December 21, 2023 | Rs 95 to Rs 100 per share | 10,000,000 shares (aggregating up to Rs 100.00 Cr) |
150 Shares | BSE, NSE |
| The Happy Forgings IPO | December 19, 2023 | December 21, 2023 | Rs 808 to Rs 850 per share | [.] shares (aggregating up to Rs 1,008.59 Cr) |
17 Shares | BSE, NSE |
| Suraj Estate Developers IPO | December 18, 2023 | December 20, 2023 | Rs 340 to Rs 360 per share | 11,111,111 shares (aggregating up to Rs 400.00 Cr) |
41 Shares | BSE, NSE |
| Motisons Jewellers IPO | December 18, 2023 | December 20, 2023 | Rs 52 to Rs 55 per share | 27,471,000 shares (aggregating up to Rs 151.09 Cr) |
250 Shares | BSE, NSE |
| Muthoot Microfin IPO | December 18, 2023 | December 20, 2023 | Rs 277 to Rs 291 per share | 32,989,690 shares (aggregating up to Rs 960.00 Cr) |
51 Shares | BSE, NSE |
| The Inox CVA IPO | December 14, 2023 | December 18, 2023 | Rs 627 to Rs 660 per share | 22,110,955 shares (aggregating up to Rs 1,459.32 Cr) |
22 Shares | BSE, NSE |
| DOMS IPO | December 13, 2023 | December 15, 2023 | Rs 750 to Rs 790 per share | 15,189,873 shares (aggregating up to Rs 1,200.00 Cr) |
18 Shares | BSE, NSE |
| The Flair Writing IPO | November 22, 2023 | November 24, 2023 | Rs 288 to Rs 304 per share | 19,506,578 shares (aggregating up to Rs 593.00 Cr) |
49 Shares | BSE, NSE |
| Fedbank Financial Services IPO | November 22, 2023 | November 24, 2023 | Rs 133 to Rs 140 per share | 78,073,810 shares (aggregating up to Rs 1,092.26 Cr) |
107 Shares | BSE, NSE |
| Gandhar Oil Refinery India IPO | November 22, 2023 | November 24, 2023 | Rs 160 to Rs 169 per share | 29,626,732 shares (aggregating up to Rs 500.69 Cr) |
88 Shares | BSE, NSE |
| IREDA | November 21, 2023 | November 23, 2023 | Rs30 to Rs 32 per share | 671,941,177 shares (aggregating up to Rs 2,150.21 Cr) |
460 Shares | BSE, NSE |
| ASK Automotive | November 7, 2023 | November 9, 2023 | Rs 268 to Rs 282 per share | 29,571,390 shares (aggregating up to Rs 834.00 Cr) |
53 Shares | BSE, NSE |
| ESAF Small Finance Bank | November 3, 2023 | November 7, 2023 | Rs 57 to Rs 60 per share | [.] shares (aggregating up to Rs 463.00 Cr) |
250 Shares | BSE, NSE |
| Protean eGov Technologies | November 6, 2023 | November 8, 2023 | Rs 752 to Rs 792 per share | 6,191,000 shares (aggregating up to Rs 490.33 Cr) |
18 Shares | BSE |
| Cello World Limited IPO | October 30, 2023 | November 1, 2023 | Rs 617 to Rs 648 per share | 29,320,987 shares (aggregating up to Rs 1,900.00 Cr) |
23 Shares | BSE, NSE |
| Blue Jet Healthcare IPO | October 25, 2023 | October 27, 2023 | Rs 329 to Rs 346 per share | 24,285,160 shares (aggregating up to Rs 840.27 Cr) |
43 Shares | BSE, NSE |
| IRM Energy IPO | October 18, 2023 | October 20, 2023 | Rs 480 to Rs 505 per share | 10,800,000 shares (aggregating up to Rs 545.40 Cr) |
29 Shares | BSE, NSE |
| Digikore Studios | September 25, 2023 | September 27, 2023 | Rs 168 to Rs 171 per share | 1,782,400 shares (aggregating up to Rs 30.48 Cr) |
800 Shares | NSE ,SME |
| Valiant Laboratories | September 27, 2023 | October 3, 2023 | Rs 133 to Rs 140 per share | 10,890,000 shares (aggregating up to Rs [.] Cr) |
105 Shares | BSE, NSE |
| Updater Services | September 25, 2023 | September 27, 2023 | Rs 280 to Rs 300 per share | 21,333,333 shares (aggregating up to Rs 640.00 Cr) |
50 Shares | BSE, NSE |
| JSW Infrastructure | September 25, 2023 | September 27, 2023 | Rs 113 to Rs 119 per share | 235,294,118 shares (aggregating up to Rs 2,800.00 Cr) |
126 Shares | BSE, NSE |
| Manoj Vaibhav Gems ‘N’ Jewellers | September 22, 2023 | September 26, 2023 | Rs 204 to Rs 215 per share | 12,567,442 shares (aggregating up to Rs 270.20 Cr) |
69 Shares | BSE, NSE |
| Yatra Online Limited | September 15, 2023 | September 20, 2023 | Rs 135 to Rs 142 per share | 54,577,465 shares (aggregating up to Rs 775.00 Cr) |
105 Shares | BSE, NSE |
| Zaggle Prepaid Ocean Services Limited | September 14, 2023 | September 18, 2023 | Rs 156 to Rs 164 per share | 34,352,255 shares (aggregating up to Rs 563.38 Cr) |
90 Shares | BSE, NSE |
| R R Kabel Limited | September 13, 2023 | September 15, 2023 | Rs 983 to Rs 1035 per share | 18,975,938 shares (aggregating up to Rs 1,964.01 Cr) |
14 Shares | BSE, NSE |
| SAMHI Hotels Limited, | September 14, 2023 | September 18, 2023 | Rs 119 to Rs 126 per share | 108,738,095 shares (aggregating up to Rs 1,370.10 Cr) |
119 Shares | BSE, NSE |
| EMS Limited | Sep 8, 2023 | Sep 12, 2023 | Rs 200 to Rs 211 per share | [.] shares (aggregating up to Rs 321.24 Cr) |
70 Shares | BSE, NSE |
| Jupiter Life Line Hospitals Limited | Sep 6, 2023 | Sep 8, 2023 | Rs 695 to Rs 735 per share | 11,824,163 shares (aggregating up to Rs 869.08 Cr) |
20 Shares | BSE, NSE |
| Ratnaveer Precision Engineering Limited | Sep 4, 2023 | Sep 6, 2023 | Rs 93 to Rs 98 per share | 16,840,000 shares (aggregating up to Rs [.] Cr) |
150 Shares | BSE, NSE |
| Rishabh Instruments Limited | Aug 30, 2023 | Sep 1, 2023 | Rs 418 to Rs 441 per share | 11,128,858 shares (aggregating up to Rs 490.78 Cr) |
34 Shares | BSE, NSE |
| Vishnu Prakash R Punglia Limited | Aug 24, 2023 | Aug 28, 2023 | Rs 94 to Rs 99 per share | 31,200,000 shares (aggregating up to Rs 308.88 Cr) |
150 Shares | BSE, NSE |
| Bondada Engineering Limited | Aug 18, 2023 | Aug 22, 2023 | Rs 75 per share | 5,696,000 shares (aggregating up to Rs 42.72 Cr) |
1600 Shares | BSE ,SME |
| Crop Life Science Limited | Aug 18, 2023 | Aug 22, 2023 | Rs 52 per share | 5,140,000 shares (aggregating up to Rs 26.73 Cr) |
2000 Shares | NSE, SME |
| Aeroflex Industries Limited | Aug 22, 2023 | Aug 24, 2023 | Rs 102 to Rs 108 per share | 32,500,000 shares (aggregating up to Rs 351.00 Cr) |
130 Shares | BSE, NSE |
| Pyramid Technoplast Limited | Aug 18, 2023 | Aug 22, 2023 | Rs 151 to Rs 166 per share | 9,220,000 shares (aggregating up to Rs 153.05 Cr) |
90 Shares | BSE, NSE |
| Srivari Spices and Foods Limited | Aug 7, 2023 | Aug 9, 2023 | Rs 40 to Rs 42 per share | 2,142,000 shares (aggregating up to Rs 9.00 Cr) |
3000 Shares | NSE, SME |
| TVS Supply Chain Solutions | Aug 10, 2023 | Aug 14, 2023 | Rs 187 to Rs 197 per share | [.] shares (aggregating up to Rs 880.00 Cr) |
76 Shares | BSE, NSE |
| Yudiz Solutions Limited | Aug 4, 2023 | Aug 8, 2023 | Rs 162 to Rs 165 per share | 2,717,600 shares (aggregating up to Rs 44.84 Cr) |
800 Shares | NSE ,SME |
| Concord Biotech Limited | Aug 4, 2023 | Aug 8, 2023 | Rs 705 to Rs 741 per share | 20,925,652 shares (aggregating up to Rs 1,551.00 Cr) |
20 Shares | BSE, NSE |
| Vinsys IT Services India Limited | Aug 1, 2023 | Aug 4, 2023 | Rs 121 to Rs 128 per share | 3,894,000 shares (aggregating up to Rs 49.84 Cr) |
1000 Shares | NSE SME |
| SBFC Finance Limited | 3 August 2023 | 7 August 2023 | Rs 54 to Rs 57 per share | [.] shares (aggregating up to Rs 1,025.00 Cr) |
260 Shares | BSE, NSE |
| Oriana Power Limited | Aug 1, 2023 | Aug 3, 2023 | Rs 115 to Rs 118 per share | 5,055,600 shares (aggregating up to Rs 59.66 Cr) |
1200 Shares | NSE, SME |
| Innovatus Entertainment Networks | Jul 25, 2023 | Jul 27, 2023 | Rs 50 per share | 1,548,000 shares (aggregating up to Rs 7.74 Cr) |
3000 Shares |
BSE ,SME |
| Yasons Chemex Care |
Jul 24, 2023 |
Jul 26, 2023 | RS 40 per share | 5,142,000 shares (aggregating up to Rs 20.57 Cr) |
3000 Shares |
NSE ,,SME |
|
Jul 26, 2023 |
Jul 28, 2023 | Rs 285 to Rs 300 per share | [.] shares (aggregating up to RS 490.00 Cr) |
50 Shares |
BSE, NSE |
|
Jul 24, 2023 |
Jul 28, 2023 | Rs 140 per share | 6,910,000 shares (aggregating up to Rs 97.00 Cr) |
1000 Shares |
BSE ,SME |
| Jul 17, 2023 | Jul 19, 2023 | Rs 51 to Rs 52 per share | 5,180,000 shares (aggregating up to Rs 26.94 Cr) |
2000 Shares |
BSE, SME |
|
| Jul 17, 202 | Jul 19, 2023 | Rs 475 to Rs 500 per share | 12,620,000 shares (aggregating up to Rs 631.00 Cr) |
30 Shares |
BSE, NSE |
| Jul 12,2023 | Jul 14, 2023 | 23 to 25 per share | 200,000,000 shares (aggregating up to Rs 500.00 Cr) |
600 Shares | BSE, NSE | |
| Alphalogic Industries Limited IPO | Jul 03, 2023 | Jul 06, 2023 | 96.00 | 1,341,600 shares (aggregating up to Rs 12.88 Cr) |
1,200 | BSE ,SME |
| Tridhya Tech Limited IPO | Jun 30, 2023 | Jul 05, 2023 | 35.00 to 42.00 | 6,288,000 shares (aggregating up to Rs 26.41 Cr) |
3,000 | NSE ,SME |
| Synoptics Technologies Limited IPO | Jun 30, 2023 | Jul 05, 2023 | 237.00 | 2,280,000 shares (aggregating up to Rs 54.03 Cr) |
600 | NSE, SME |
| PKH Ventures Limited IPO | Jun 30, 2023 | Jul 04, 2023 | 140.00 to 148.00 | 25,632,000 shares (aggregating up to ₹379.00 Cr) |
100 | BSE, NSE |
| Global Pet Industries Limited | Jun 29, 2023 | Jul 03, 2023 | 49.00 | 2,700,000 shares (aggregating up to Rs 13.23 Cr) |
3,000 | NSE, SME |
| Cyient DLM Limited | 27 June 2023 | 30 June 2023 | 250 to 265 | [.] shares (aggregating up to Rs 592.00 Cr) |
56 | BSE, NSE |
| IdeaForge Technology Limited | Jun 26, 2023 | Jun 29, 2023 | Rs 638 to Rs 672 | [.] shares (aggregating up to Rs 567.00 Cr) |
22 | BSE, NSE |
Who can Apply IPO
- RII – Retail Individual Investor
- NII – Non-institutional bidders
- QIB – Qualified Institutional Bidders
- RII – Retail Individual Investor:
Individual Bidders who bid for Equity Shares for less than Rs 200,000 in any of the bidding options are referred to as Retail Individual Bidders. NRIs and HUFs who apply for less than Rs 2 lakh in an IPO are also classified as RIIs. Minors can also apply.Someone like you and me is a retail investor. People who save their money to invest in stocks, commodities, mutual funds, and so on. In the case of an IPO, a retail investor applies from an individual account for shares worth less than Rs 2 lakh.
- NII – Non-institutional bidders:
Non-institutional bidders, or NIIs, are individual investors who bid more than Rs 2 lakh. Eligible NRIs, HUFs, companies, corporate bodies, scientific institutions, societies, and trusts who apply for more than Rs 2 lakhs in IPO shares are also classified as NIIs. They do not need to register with SEBI like RIIs. Non-institutional bidders are allocated 15% of the total issue size in Book Build IPOs.
-
- NIIs are resident Indian individuals, NRIs, HUFs, Companies, Corporate Bodies, Scientific Institutions, Societies, and Trusts who apply for more than Rs 2 lakhs in IPO shares.
- The NII category receives at least 15% of the Offer..
- This category includes a high-net-worth individual (HNI) who applies for more than Rs 2 lakh in an IPO.
- Non-institutional bidders may withdraw their bids up until the day of allotment.
- No NIIs are permitted to bid at the cut-off price.
- NIIs are not required to register with SEBI.
- QIB – Qualified Institutional Bidders:
QIBs include public financial institutions, commercial banks, mutual funds, and foreign portfolio investors, among others. Institutions must be registered with SEBI to apply under this category. In Book Build IPOs, QIBs receive 50% of the total issue size.
Qualified Institutional Buyers (QIB) as per SEBI:
- Mutual Funds, Venture Capital Funds, Alternative Investment Funds, and Foreign Venture Capital Investors are all SEBI-registered.
- Category I and II SEBI Registered Foreign Portfolio Investors.
- Section 4A of the Companies Act of 1956 defines a public financial institution.
- A commercial bank that is on the books.
- A multilateral and bilateral financial institution for development.
- A state-owned enterprise for industrial development.
- An insurance company that has been approved by the Insurance Regulatory and Development Authority.
- A provident fund with a minimum corpus of Rs 25 crores.
- A pension fund with a corpus of at least Rs 25 crores.
- National Investment Fund.
- Insurance funds established and managed by the Union of India’s army, navy, and air force, or by the Indian Postal Department.
How to apply for IPO
There are two ways of applying for an IPO:
- Through a trading account
- Through a bank account
Using a Trading Account to Apply for an IPO
A trading account is required. It allows you to buy and sell stocks on the stock exchange. To trade in IPO shares, or even regular stocks, you must have a trading account. Otherwise, your options for applying for IPOs will be limited.
- Determine Where To Get A Trading Account
Begin by identifying a few reputable stockbrokers or brokerage firms. Check for available discounts and compare their brokerage rates. It may be tempting to select the broker with the lowest fee. However, service should take precedence over cost.
Choose a broker who will respond to your trading orders promptly. When investing in IPOs, you must act quickly. Otherwise, you risk missing out on the IPO.
Choose a trustworthy broker who charges reasonable fees and provides prompt service.
- Submit an Application for a Trading Account
Make contact with the broker or brokerage firm. They will give you an account opening form as well as a Know-Your-Customer (KYC) form. Fill out the forms correctly and provide proof of identity and address.
- complete the verification
For verification, the broker or brokerage firm will contact you. It could happen in person or over the phone. To complete the verification process, you may be required to provide specific personal information.
Soon after, the broker will give you information about your new trading account. You are now ready to invest in your first IPO. Here’s how to go about it:
- Log in and make a decision: Begin by signing in to your trading account. You must now select the IPO in which you wish to invest. However, make sure you conduct preliminary research first. Determine whether the IPO is worth investing in.
- Put in your order: Using the trading account, specify the number of shares you want. The price of each share issued in a fixed-price IPO is predetermined. In the case of a book-building IPO, you must choose a price from the given price range. (While the preceding procedure is completed entirely online, some brokers accept orders over the phone as well.)
- Verification: Your order will now be verified by the stock exchange. This includes the share price, the availability of a sufficient number of shares, and any other pertinent information. If everything checks out, your order will be confirmed by the exchange.
- Allotment: The IPO shares that have been assigned to you will be deposited in your demat account. You may also sell the allotted shares if you so desire. However, this is only possible after the company is listed on the stock exchange. Tip: For a more seamless investment experience, link your trading and demat accounts.
This is how a trading account can be used to apply for an IPO. A bank account is the second way to apply for an IPO.
Using A Bank Account To Apply For An IPO
There are two ways to apply for an IPO using your bank account: offline and online. Here’s a quick rundown of how it works.
The Offline Process
- Go to a branch of your bank that has an IPO investment facility. It makes no difference if your account is with another branch. Keep in mind, however, that only a few branches provide this service. As a result, it is best to call and check with your bank ahead of time.
- Complete the Application Supported by Blocked Account (ASBA) form. You must provide your bank account number, PAN number, and demat account information. Return the completed form to the branch and collect the acknowledgement slip. Follow up on your ASBA status using the reference number on the slip.
- Fill out an application to invest in your preferred IPO. Mention the number of shares you want and the price you are willing to pay (based on the IPO’s price band). Fill in the details correctly and make sure you have enough money in your linked bank account. Inability to do so may result in your application being rejected.
- The bank will place a hold on the application amount in your account (in accordance with the ASBA facility). It will then submit your IPO application to the stock exchanges you specify.
The Online Process
- You can apply online by logging into your internet banking account. It is recommended that you complete the one-time registration process in order to link your demat account, PAN, and other information. This will save you the trouble of having to enter the information again in subsequent transactions.
- Send in your IPO application. At this point, you must decide which IPO to invest in. Mention the number of shares you want to purchase as well as the price you are willing to pay. You might be able to make multiple IPO investment bids at the same time. Before you begin, double-check the number of bids allowed.
- Remember that ASBA is required for online IPO applications. Check that your account has a sufficient balance. Fill in your bank account, demat account, and other information. Before confirming your order, it is a good idea to check for any discrepancies.
- Save the generated unique transaction number. Use this for questions about your IPO investment.
Note: – If your bank does not have an online platform, you can fill out the e-ASBA form on the National Stock Exchange’s website. Banks can also provide information on new IPOs and recent stock exchange listings. Inquire with your bank about how to obtain such information, as well as the IPO prospectus and offer documents.
IPO Terms
- Exchange: The stock exchange where the proposed IPO shares will be listed. Traditional IPOs are listed on the BSE and NSE. SME IPOs are listed on the respective exchanges’ NSE EMERGE or BSE SME platforms.
- IPO Open Date / Issue Close Date: The start and end dates of the IPO bidding process. During this time, investors can only apply for an IPO.
- Lot Size: The smallest number of shares that an investor can apply for in an IPO. A lot size of ‘400’ indicates that an investor must bid on at least 400 shares.
- Issue Price: The cost per equity share. There are two kinds of IPOs: book building IPOs and fixed price IPOs. The price range for Book Building IPOs will be Rs 120-125, and investors must bid within that range. A fixed price issue has a set bid price.
- Issue Size: The IPO’s total monetary value. It is calculated by multiplying the number of shares offered by the company by the share issue price.
