Latest IPO Updates 2024

About IPO

A fundamentally sound company's Initial Public Offering (IPO) offers the chance for common investors to participate in its growth from the start by purchasing shares and holding a small ownership position.

Through an IPO, companies access the share markets to raise money. The money obtained could be used for a variety of company needs, including capacity development, product diversification, expansion into a new market, a substantial R&D project, merger and acquisition activities, etc.

The disclosure of proposed usage of the funds is mentioned in the issue prospectus.

IPOs provide a great opportunity for wealth creation as well as portfolio diversification.


With Axis Direct #IPOInvestingMadeSimpler

Current IPO

No IPO is currently available.

Upcoming IPOs

Company Name
Hyundai Motor India Ltd
Bid Date
15-Oct-2024
Close Date
17-Oct-2024
Price Range
₹ 1865 - ₹ 1960
Issue Size (Cr)
₹ 26519.31
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Recently Listed IPOs

Top Performing IPOs
Bottom Performing IPOs
Company Name
Indian Renewable Energy Development Agency Ltd
Listing Date
29-Nov-2023
Listing Price
₹ 50
Today's Gain (%)
-2.17
Last Trading Price
₹ 228.61
Change Since Listing (%)
357.22

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Company Name
Jyoti CNC Automation Ltd
Listing Date
16-Jan-2024
Listing Price
₹ 372
Today's Gain (%)
0.63
Last Trading Price
₹ 1133.45
Change Since Listing (%)
204.69

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Company Name
Motisons Jewellers Ltd
Listing Date
26-Dec-2023
Listing Price
₹ 103.9
Today's Gain (%)
-1.47
Last Trading Price
₹ 292.25
Change Since Listing (%)
181.28

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Company Name
Protean eGov Technologies Ltd
Listing Date
13-Nov-2023
Listing Price
₹ 792
Today's Gain (%)
0.90
Last Trading Price
₹ 1933.2
Change Since Listing (%)
144.09

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Company Name
Suraj Estate Developers Ltd
Listing Date
26-Dec-2023
Listing Price
₹ 343.8
Today's Gain (%)
2.00
Last Trading Price
₹ 797.4
Change Since Listing (%)
131.94

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Company Name
Azad Engineering Ltd
Listing Date
28-Dec-2023
Listing Price
₹ 710
Today's Gain (%)
1.37
Last Trading Price
₹ 1500.8
Change Since Listing (%)
111.38

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Company Name
J.G.Chemicals Ltd
Listing Date
13-Mar-2024
Listing Price
₹ 211
Today's Gain (%)
3.92
Last Trading Price
₹ 406.55
Change Since Listing (%)
92.68

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Company Name
Doms Industries Ltd
Listing Date
20-Dec-2023
Listing Price
₹ 1400
Today's Gain (%)
-1.48
Last Trading Price
₹ 2694.3
Change Since Listing (%)
92.45

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Company Name
Bharti Hexacom Ltd
Listing Date
12-Apr-2024
Listing Price
₹ 755.2
Today's Gain (%)
0.39
Last Trading Price
₹ 1445.4
Change Since Listing (%)
91.39

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Company Name
RBZ Jewellers Ltd
Listing Date
27-Dec-2023
Listing Price
₹ 100
Today's Gain (%)
1.63
Last Trading Price
₹ 187
Change Since Listing (%)
87.00

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Company Name
Platinum Industries Ltd
Listing Date
05-Mar-2024
Listing Price
₹ 228
Today's Gain (%)
-2.02
Last Trading Price
₹ 379.25
Change Since Listing (%)
66.34

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Company Name
AWFIS Space Solutions Ltd
Listing Date
30-May-2024
Listing Price
₹ 432.25
Today's Gain (%)
-1.80
Last Trading Price
₹ 707.85
Change Since Listing (%)
63.76

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Company Name
Epack Durable Ltd
Listing Date
30-Jan-2024
Listing Price
₹ 225
Today's Gain (%)
0.66
Last Trading Price
₹ 365.5
Change Since Listing (%)
62.44

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Company Name
Innova Captab Ltd
Listing Date
29-Dec-2023
Listing Price
₹ 456.1
Today's Gain (%)
-1.13
Last Trading Price
₹ 714.6
Change Since Listing (%)
56.68

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Company Name
Blue Jet Healthcare Ltd
Listing Date
01-Nov-2023
Listing Price
₹ 359.9
Today's Gain (%)
4.61
Last Trading Price
₹ 523.15
Change Since Listing (%)
45.36

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Company Name
Medi Assist Healthcare Services Ltd
Listing Date
23-Jan-2024
Listing Price
₹ 465
Today's Gain (%)
1.23
Last Trading Price
₹ 668.25
Change Since Listing (%)
43.71

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Company Name
Jana Small Finance Bank Ltd
Listing Date
14-Feb-2024
Listing Price
₹ 396
Today's Gain (%)
0.57
Last Trading Price
₹ 559.6
Change Since Listing (%)
41.31

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Company Name
Aadhar Housing Finance Ltd
Listing Date
15-May-2024
Listing Price
₹ 314.3
Today's Gain (%)
0.05
Last Trading Price
₹ 440.9
Change Since Listing (%)
40.28

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Company Name
Diffusion Engineers Ltd
Listing Date
04-Oct-2024
Listing Price
₹ 188
Today's Gain (%)
4.98
Last Trading Price
₹ 259.21
Change Since Listing (%)
37.88

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Company Name
Honasa Consumer Ltd
Listing Date
07-Nov-2023
Listing Price
₹ 324
Today's Gain (%)
1.43
Last Trading Price
₹ 429.55
Change Since Listing (%)
32.58

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Company Name
ASK Automotive Ltd
Listing Date
15-Nov-2023
Listing Price
₹ 304.9
Today's Gain (%)
0.85
Last Trading Price
₹ 402.9
Change Since Listing (%)
32.14

Invest »

Company Name
Go Digit General Insurance Ltd
Listing Date
23-May-2024
Listing Price
₹ 281.1
Today's Gain (%)
-1.27
Last Trading Price
₹ 370.15
Change Since Listing (%)
31.68

Invest »

Company Name
TBO Tek Ltd
Listing Date
15-May-2024
Listing Price
₹ 1380
Today's Gain (%)
1.94
Last Trading Price
₹ 1745.75
Change Since Listing (%)
26.50

Invest »

Company Name
Inox India Ltd
Listing Date
21-Dec-2023
Listing Price
₹ 933.15
Today's Gain (%)
-0.33
Last Trading Price
₹ 1176
Change Since Listing (%)
26.02

Invest »

Company Name
Exicom Tele-Systems Ltd
Listing Date
05-Mar-2024
Listing Price
₹ 264
Today's Gain (%)
-1.43
Last Trading Price
₹ 327
Change Since Listing (%)
23.86

Invest »

Company Name
Gopal Snacks Ltd
Listing Date
14-Mar-2024
Listing Price
₹ 350
Today's Gain (%)
-0.88
Last Trading Price
₹ 423.9
Change Since Listing (%)
21.11

Invest »

Company Name
India Shelter Finance Corporation Ltd
Listing Date
20-Dec-2023
Listing Price
₹ 612.7
Today's Gain (%)
0.66
Last Trading Price
₹ 739.7
Change Since Listing (%)
20.73

Invest »

Company Name
Bansal Wire Industries Ltd
Listing Date
10-Jul-2024
Listing Price
₹ 352.05
Today's Gain (%)
-1.24
Last Trading Price
₹ 424.45
Change Since Listing (%)
20.57

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Company Name
Ecos (India) Mobility & Hospitality Ltd
Listing Date
04-Sep-2024
Listing Price
₹ 391.3
Today's Gain (%)
-1.70
Last Trading Price
₹ 471.4
Change Since Listing (%)
20.47

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Company Name
Sanstar Ltd
Listing Date
26-Jul-2024
Listing Price
₹ 106.4
Today's Gain (%)
-1.08
Last Trading Price
₹ 127.57
Change Since Listing (%)
19.90

Invest »

Company Name
Ola Electric Mobility Ltd
Listing Date
09-Aug-2024
Listing Price
₹ 75.99
Today's Gain (%)
-0.65
Last Trading Price
₹ 90.2
Change Since Listing (%)
18.70

Invest »

Company Name
SRM Contractors Ltd
Listing Date
03-Apr-2024
Listing Price
₹ 225
Today's Gain (%)
-0.65
Last Trading Price
₹ 266.95
Change Since Listing (%)
18.64

Invest »

Company Name
Nova Agritech Ltd
Listing Date
31-Jan-2024
Listing Price
₹ 56
Today's Gain (%)
-2.33
Last Trading Price
₹ 66.25
Change Since Listing (%)
18.30

Invest »

Company Name
Akums Drugs & Pharmaceuticals Ltd
Listing Date
06-Aug-2024
Listing Price
₹ 725
Today's Gain (%)
0.37
Last Trading Price
₹ 857.1
Change Since Listing (%)
18.22

Invest »

Company Name
Rashi Peripherals Ltd
Listing Date
14-Feb-2024
Listing Price
₹ 335
Today's Gain (%)
0.12
Last Trading Price
₹ 390.25
Change Since Listing (%)
16.49

Invest »

Company Name
Interarch Building Products Ltd
Listing Date
26-Aug-2024
Listing Price
₹ 1291.2
Today's Gain (%)
2.41
Last Trading Price
₹ 1502.4
Change Since Listing (%)
16.36

Invest »

Company Name
JNK India Ltd
Listing Date
30-Apr-2024
Listing Price
₹ 620
Today's Gain (%)
-1.49
Last Trading Price
₹ 705.85
Change Since Listing (%)
13.85

Invest »

Company Name
Le Travenues Technology Ltd
Listing Date
18-Jun-2024
Listing Price
₹ 135
Today's Gain (%)
5.84
Last Trading Price
₹ 153.55
Change Since Listing (%)
13.74

Invest »

Company Name
Happy Forgings Ltd
Listing Date
27-Dec-2023
Listing Price
₹ 1001.25
Today's Gain (%)
-0.89
Last Trading Price
₹ 1128.35
Change Since Listing (%)
12.69

Invest »

Company Name
Premier Energies Ltd
Listing Date
03-Sep-2024
Listing Price
₹ 991
Today's Gain (%)
0.15
Last Trading Price
₹ 1107.4
Change Since Listing (%)
11.75

Invest »

Company Name
Bharat Highways InvIT
Listing Date
12-Mar-2024
Listing Price
₹ 101
Today's Gain (%)
-0.15
Last Trading Price
₹ 112.79
Change Since Listing (%)
11.67

Invest »

Company Name
Emcure Pharmaceuticals Ltd
Listing Date
10-Jul-2024
Listing Price
₹ 1325.05
Today's Gain (%)
-0.16
Last Trading Price
₹ 1468
Change Since Listing (%)
10.79

Invest »

Company Name
Gala Precision Engineering Ltd
Listing Date
09-Sep-2024
Listing Price
₹ 750
Today's Gain (%)
0.21
Last Trading Price
₹ 828.85
Change Since Listing (%)
10.51

Invest »

Company Name
Brainbees Solutions Ltd
Listing Date
13-Aug-2024
Listing Price
₹ 625
Today's Gain (%)
1.51
Last Trading Price
₹ 682.4
Change Since Listing (%)
9.18

Invest »

Company Name
Cello World Ltd
Listing Date
06-Nov-2023
Listing Price
₹ 831
Today's Gain (%)
-0.75
Last Trading Price
₹ 885.5
Change Since Listing (%)
6.56

Invest »

Company Name
Juniper Hotels Ltd
Listing Date
28-Feb-2024
Listing Price
₹ 361.2
Today's Gain (%)
1.05
Last Trading Price
₹ 384.1
Change Since Listing (%)
6.34

Invest »

Company Name
Kronox Lab Sciences Ltd
Listing Date
10-Jun-2024
Listing Price
₹ 165
Today's Gain (%)
-1.18
Last Trading Price
₹ 175.17
Change Since Listing (%)
6.16

Invest »

Company Name
Entero Healthcare Solutions Ltd
Listing Date
16-Feb-2024
Listing Price
₹ 1245
Today's Gain (%)
-1.13
Last Trading Price
₹ 1303.85
Change Since Listing (%)
4.73

Invest »

Company Name
Indegene Ltd
Listing Date
13-May-2024
Listing Price
₹ 659.7
Today's Gain (%)
1.27
Last Trading Price
₹ 688.55
Change Since Listing (%)
4.37

Invest »

Company Name
KRN Heat Exchanger and Refrigeration Ltd
Listing Date
03-Oct-2024
Listing Price
₹ 470
Today's Gain (%)
5.84
Last Trading Price
₹ 487.63
Change Since Listing (%)
3.75

Invest »

Company Name
Allied Blenders & Distillers Ltd
Listing Date
02-Jul-2024
Listing Price
₹ 318.1
Today's Gain (%)
-0.52
Last Trading Price
₹ 327.75
Change Since Listing (%)
3.03

Invest »

Company Name
Vraj Iron & Steel Ltd
Listing Date
03-Jul-2024
Listing Price
₹ 240
Today's Gain (%)
0.50
Last Trading Price
₹ 243.45
Change Since Listing (%)
1.44

Invest »

Company Name
Bajaj Housing Finance Ltd
Listing Date
16-Sep-2024
Listing Price
₹ 150
Today's Gain (%)
0.03
Last Trading Price
₹ 150.88
Change Since Listing (%)
0.59

Invest »

IPO FAQs

What is IPO?
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An initial public offering is when a private firm offers its first equity to the general public (IPO). A company's ownership is essentially changing from private ownership to public ownership through an IPO. Because of this, the IPO procedure is occasionally referred to as "going public."
Why does company launch an IPO?
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An IPO is a big step for a company as it provides the company with access to raising a lot of money. This gives the company a greater ability to grow and expand. The increased transparency and share listing credibility can also be a factor in helping it obtain better terms when seeking borrowed funds as well.
Who can invest in IPO?
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Under Securities and Exchange Board of India (SEBI) guidelines, there are four types of investors who can bid for shares during the IPO process. These are:

1.Retail Investors (RI)- Retail investors are defined as Individual Investors who invest less than Rs. 2 lakh.

The retail quota's minimum allotment is 35%.

If the issue is oversubscribed, SEBI has mandated that all retail investors receive at least one lot of shares, subject to availability.

A lottery technique is used to distribute IPO shares to the general public if one lot for each investor is not feasible.

2.High Net Worth Individuals (HNIs)/ Non- Institutional Investors (NIIs)- HNIs are defined as those looking to invest more than Rs 2 lakh.

Similar to non-institutional investors, institutions that wish to subscribe for more than Rs 2 lakh are known as such. The distinction between a QII and an NII is that the latter is exempt from SEBI registration.

3.Anchor Investors- Any QII who submits a request for more than Rs 10 crore is considered an anchor investor. These investors frequently bring additional investors to join them. For qualifying institutional investors, up to 60% of the shares may be sold to anchor investors.

4.Qualified Institutional Investors ( QIIs)- This group includes commercial banks, public financial institutions, mutual fund companies, and foreign portfolio investors who have registered with SEBI.

Before the IPO begins, underwriters try to offer them sizable portions of IPO shares at a profit. Underwriters are greatly aided in obtaining the desired money by selling shares to QIIs.

To guarantee minimal volatility during the IPO process, SEBI requires institutional investors to sign lock-up contracts for at least 90 days.

QIIs are crucial for businesses that are going public. This is due to the fact that underwriters give them IPO shares before the share market price is determined. There would be fewer shares available to the general public if QIIs purchased more shares. Share prices would rise as a result of this. For a business that wants to raise as much capital as possible, this scenario is excellent.

To prevent corporations from inflating IPO valuations, SEBI has established regulations. Because of this, the regulatory body prohibits corporations from allocating more than 50% of their shares to QIIs.
What happens after the IPO period?
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The company and the underwriters will decide how many shares to allot to each investor once the IPO price is set. Partial allotments will be made if there is an over-subscription. Within 10 working days of the final bid date, the IPO equities are typically distributed to the winning bidders.

After allotment of shares, shares are listed on the exchanges. After the listing shares are traded freely in the market during market hours.
How to apply for IPO with Axis Securities? ( WhatsApp/ Ring Mobile/ Swift Trade/ IVR)
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1.WhatsApp- Send a “Hi” to +91 89769 00911

2. Ring Mobile App- Login to Ring Mobile App and visit to Investing Section

Select IPO and Click on Apply Now. Click Here

3.Web Platform/ Swift Trade- Login to Platform Here

4. Dedicated Calling Facility-

Call on 022 - 61480808/41508080

When calling from your registered number, press 1 and then press 3

Follow the instructions communicated over the call

DISCLAIMER

DISCLAIMER: Axis Direct is a brand under which Axis Securities Limited offers its retail broking and investment services. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. This information is only for consumption by the client and such material should not be redistributed. Disclaimer & Statutory Information