Ashok Rathi

IPO Mainboard SME List in India

IPO Mainboard SME List in India. Get the current IPO list in India weather it is from Mainboard IPOs or SME IPOs. We can find here the latest IPO list in India which is going to hit the Dalal street or already listed on NSE and BSE.  See IPO Mainboard SME IPO listing date, IPO Issue size, Lot Size and price band. Find IPO all inclusive information about IPO market in India.

IPO Mainboard SME List in India 2024

IPO Company Name Open Date Close Date Lot Size Price Band ₹ Listing Date IPO Issue Size
Bharti Hexacom 3 April 2024 5 April 2024 26 shares ₹542 to ₹570 12 April 2024 4275.00 Crore
Creative Graphics Solutions 28 March 2024 4 April 2024 1600 shares ₹80 to ₹85 9 April 2024 54.40 Crore
Aluwind Architectural Limited 28 March 2024 4 April 2024 3000 shares ₹45.00 9 April 2024 29.70 Crore
K2 Infragen Limited IPO 28 March 2024 3 April 2024 1200 shares ₹111 to ₹119 8 April 2024 40.54 Crore
Jay Kailash Namkeen Limited 28 March 2024 3 April 2024 1600 shares ₹70 to ₹73 8 April 2024 11.93 Crore
Radiowala Network 27 March 2024 2 April 2024 1600 shares ₹72 to ₹76 5 April 2024 14.20 Crore
Yash Optics & Lens Limited 27 March 2024 3 April 2024 1600 shares ₹75 to ₹81 8 April 2024 53.15 Crore
TAC Infosec Limited 27 March 2024 2 April 2024 1200 shares ₹106 5 April 2024 29.99 Crore
Trust Fintech Limited 26 March 2024 28 March 2024 1200 shares ₹106 4 April 2024 63.50 Crore
SRM Contractors Limited 26 March 2024 28 March 2024 70 shares ₹200 to ₹210 3 April 2024 130.20 Crore
Blue Pebble Limited 26 March 2024 28 March 2024 800 shares ₹168 3 April 2024 18.14 Crore
Vruddhi Engineering Works Limited 26 March 2024 28 March 2024 2000 shares ₹70 3 April 2024 4.72 Crore
Aspire & Innovative Advertising Limited 26 March 2024 28 March 2024 2000 shares ₹51 to ₹54 3 April 2024 21.97 Crore
GConnect Logitech 26 March 2024 28 March 2024 3000 shares ₹40 3 April 2024 5.60 Crore
Naman In-Store (India) Limited 22 March 2024 27 March 2024 1600 shares ₹84 to 89 2 April 2024 25.35 Crore
Vishwas Agri Seeds Limited 21 March 2024 26 March 2024 1600 shares ₹86 Fixed 1 April 2024 25.80 Crore
Chatha Foods Limited 19 March 2024 21 March 2024 2000 shares ₹56 27 March 2024 34 Crore
KP Green Engineering Limited 15 March 2024 19 March 2024 1000 shares ₹144 22 March 2024 189.50 Crore

What is an IPO ?

An IPO is the process by which a private company goes public by offering shares of stock to public investors for the first time. It marks the transition of the company from a private to a publicly-traded entity.

If you want to check the current IPO status of the on going IPO than here is the check list for IPO Subscription Status. Once you are satisfied with IPO subscription status and want to check the allotment status than click IPO Allotment Status.

With the ongoing process of IPO market you can see the ups and downs of grey market premium here at IPO GMP Grey Market Premium. If you want to check out the listing day gain or loss of any IPO in 2024 or later years than click here IPO Performance Tracker. If you are interesting to know more about IPO than see Mainboard IPO List | SME IPO List | Upcoming IPO in 2024 | Rights Issue | NCD List

IPO Subscription : There are generally two ways to subscribe to an IPO – through a broker or directly with the company if they allow retail subscriptions. Most IPOs are primarily offered to institutional investors, but popular IPOs may reserve a portion for retail (individual) investors.

IPO Eligibility Criteria : Eligibility can vary for each IPO but typically requires having a trading/demat account with a broker, meeting minimum application value requirements, being an Indian resident, etc. The company’s prospectus outlines the specific criteria.

IPO Mainboard SME List in India
IPO Mainboard SME List in India

IPO Price Band : The IPO price band is determined by the company going public based on valuation by merchant bankers. The final price is decided after the book building process based on investor demand. If the IPO is oversubscribed, shares are allotted on a pro-data basis as per pre-defined criteria like investor category, number of shares bid for, etc. outlined in the prospectus

IPO Listing Date : The listing date is when the company shares start trading on the stock exchange, usually 1-2 weeks after the IPO subscription period closes. IPOs carry higher risks as there is limited information and trading history available for the company. Overpricing, volatility, information asymmetry are some key risks.

IPO Process : The typical process is: 1. Check IPO eligibility criteria 2. Study IPO prospectus 3. Decide number of shares to apply for 4. Submit application form online or offline with payment 5. Wait for allotment status and refund if applicable.

IPO application revision : Some IPOs allow a window after the application period to revise the number of shares or price bid. This is called the IPO application revision period. IPO grading is a service where a credit rating agency assigns a grade to the IPO based on an assessment of the company’s fundamentals, to help investors make informed decisions.

IPO Bid : An IPO bid lot is the minimum number of shares that investors must apply for in an IPO, set by the company issuing the shares. once an IPO application is submitted, it cannot be withdrawn. It will either be successful and allotted shares, or unsuccessful and receive a refund.

If the total applications received are less than the shares issued, it is undersubscribed. The company may decide to extend/cancel the IPO, or approve the listing with the undersubscribed shares. Anchor investors are institutional investors who are allocated shares in an IPO before the public subscription opens, to inspire confidence in the offering.

IPO Categories : IPOs in India are typically categorized into different groups based on the type of investor and the number of shares they can apply for. Here are the common IPO categories :

1. Qualified Institutional Buyers (QIBs) : This category includes foreign and domestic institutions like banks, mutual funds, insurance companies, pension funds etc. A significant portion of the IPO (around 50%) is reserved for QIBs.

2. Non-Institutional Investors (NIIs) : This includes high net-worth individuals (HNIs), corporate bodies, and non-institutional entities that do not fall under the QIB category. Around 15% of the IPO is reserved for NIIs.

3. Retail Individual Investors (RIIs) : This is the individual investor category consisting of Indian residents who place bids for shares worth up to ₹2 lakhs. Around 35% of shares are reserved for RIIs.

4. Employee Reservation Portion  Employee Reservation Portion Some companies reserve a small portion of the IPO for subscription by their own employees. Allotment in this is made on a proportionate basis.

Within these broad categories, there can be further sub-categories based on the number of shares applied for :

Anchor Investors : Large QIBs that are allocated shares 1 day prior to the IPO opening. ii) High Net-worth Individuals (HNIs) within the NII category who apply for a large value.

The ratio of allocation across these categories is mentioned in the IPO prospectus. Pricing, lot sizes, and allotment ratios can differ across categories based on demand.


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