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Introduction to IPO

Introduction to Initial Public Offer (IPO) in India Stock Markets. Learn about IPO basics, eligibility, process, valuation, pricing, grey market premium, refunds, and subscription. The IPO process enables the company to offer the shares to the public for the first time and get listed on the stock exchanges.

Chapters :

1. IPO Basics

IPO is a process by which a company offers its shares to general public for the first time via the stock market. Learn IPO's meaning, benefits, and regulations.

2. IPO Eligibility

A company wishing to go public must comply with the regulations laid down by the government authorities (SEBI) and the stock exchanges (BSE and NSE). There are certain IPO approval norms in India that a company must meet before it can go public.

3. IPO Pricing

The IPO price is the price at which a company's shares are first offered to the public in an initial public offering (IPO). The IPO price can be either a fixed price or a price range (book building).

4. IPO Process

The IPO process begins on the day the issuing company decides to go public till the listing of the IPO and the post-issue activities. The IPO process in India is a complex and lengthy task. The IPO process is governed by SEBI, the market regulator , which protects the interests of investors and regulates the securities market and related matters. The presence of many IPOs is a sign of a healthy stock market and economy.

5. IPO Intermediaries

IPO intermediaries are the parties (companies/individuals) that assist an issuer in completing an IPO and a successful listing. Major IPO intermediaries include merchant bankers, registrars, bankers, underwriters, and market makers.

6. IPO Investors

An IPO investor is a person or organization that buys shares offered in a company's initial public offering. Investors make this purchase with the expectation of making a profit.

7. IPO Prospectus

The IPO prospectus is an offering document that provides potential investors with details about the company and helps them decide whether or not to invest in the company.

8. IPO Valuation

IPO valuation is a process to determine an appropriate valuation of the company to help determine the correct IPO price.

9. IPO Application

IPO application is the process of applying for shares offered in an initial public offering. An investor may apply for IPO shares when the public issue is open.


ASBA is a mechanism used to submit bids in a public offering. ASBA gives the Self-Certified Syndicate Bank (SCSB) permission to block funds in the applicant's bank account in exchange for subscribing to the offering.

11. UPI IPO Application

The Unified Payment Interface (UPI) is a simpler, easier and convenient payment method for IPOs.

12. IPO Application Modification

The IPO cancellation and modification facility helps investors to make these desired changes.

13. IPO Subscription

IPO subscription reflects the number of shares and people bidding for IPO shares offered by a company.

14. IPO Allotment

IPO allotment is the process of allocating shares to the investors who have applied for the IPO.

15. IPO Funds Unblocking

Funds blocked in the bank account for IPO get released in the event of non-allotment. Find out more about the IPO refund procedure.

16. IPO Listing

IPO listing is a procedure by which shares offered in an initial public offering are admitted for trading on designated stock exchanges.

17. IPO Grey Market

IPO Grey market is an unofficial and informal market where the IPO shares are traded before they are officially listed on the stock exchange.

18. Unlisted Shares

Unlisted shares are the shares of the company that are not listed on stock exchanges. These shares are traded over-the-counter.

19. IPO KPIs

IPO KPIs are quantitative measures of a company that provide information about the course of business and performance over a certain period of time.