What is an IPO, How to Apply and Check the Status- A Complete Guide

Initial Public Offerings (IPOs) are a crucial step for companies looking to become part of the public markets in the fast-paced universe of finance. IPOs allow development, expansion, and higher market visibility for the vast majority of business owners and investors alike. If you are a knowledgeable investor, making an IPO investment can be a wise decision. However, not every fresh IPO presents a fantastic opportunity. It is important to have complete insight into how IPO works and how to invest in IPO. If you are planning to invest in upcoming IPOs in 2024, then scroll down to where we are presenting you with a complete overview of IPOs and their important aspects. 

What is an IPO?

Upcoming IPOs

Initial Public Offering (IPO) is a process in which any private company having a large market size can go public by selling a portion of its stocks to potential investors. Becoming a publicly traded firm essentially means going from being privately possessed. Companies often seek out initial public offerings (IPOs) as a means to raise funds for a variety of purposes, including development, research, and debt repayment. Even more importantly, going public can provide liquidity to current shareholders while also elevating a company’s reputation and standing in the industry.

The company releases a prospectus containing information about the first share sale that is accessible to the public, institutional investors, and high-net-worth individuals (HNIs).

Following the completion of the IPO, the company’s shares are listed and available for free exchange on the open market. A minimum free float is imposed by the stock exchange on shares, both in absolute terms and as a percentage of the entire share capital.

How to Apply for an IPO Online and Offline?

You can apply for an IPO through offline and online. You must start the application procedure by sending a form to your IPO banker or stock broker if you want to apply for an IPO offline.

However, to apply for an IPO online, you must sign in with the trading interface that your broker or banker has supplied. Since your Demat Account updates the majority of your information automatically, the online technique is far easier to use than the offline one.

Applying for IPO through an Offline Broker-

  • You need to first fill out the ASBA Application and provide complete KYC Details
  • The funds you have arranged to buy an IPO will be blocked and debited after shares are allotted
  • Applying for the IPO Online

Below are the steps to apply for an IPO through an online broker-

  • If you have a Demat account, log in with your credentials. If not, register with all the details
  • Locate the IPO tab and check the current IPO section. Select the IPO you want to buy.
  • Enter the number of stocks you want to bid also with the bid price. If you want to get the IPO allotment done, the best is to bid on the cut-off price.
  • You can pay the allotment money through UPI or bank transfer into your demat account to get the bid approved.

How to check the Application Status of the Purchased IPO?

There are different ways to check the application status of your purchased IPO. Some of these are-

  • To find out the status of an IPO application, use the PAN number or IPO application number. Once the allotment is announced, the registrar’s website will provide the allotment status.
  • You can use the broker’s trading interface or the stock exchange  BSE to verify the progress of your IPO application. Additionally, you can inquire about the progress with the bank or broker that handled your IPO application.
  • If you are checking through the registrar’s website, submit your PAN number, application number, or Demat number to know the status.

How to Check the Number of Subscribers?

In deciding the number of subscribers for an Initial Public Offering (IPO), the degree of investor premium and demand for the company’s shares is a Basic Factor. Commonly, this information is revealed by the underwriters and financial intermediaries undertaking the offering system. Besides press releases, financial news platforms, and regulatory filings, investors are granted admittance to subscription data using different other channels.

You can even check the IPO Grey Market Premium (GMP) which shows the difference between the issue price of the IPO and the trading price. It indicates the market’s perception of the IPO. Strong demand for the IPO is indicated by a positive GMP, which indicates that the shares are being traded at a price higher than the issue price. On the other hand, a negative GMP indicates poor demand since it indicates that the shares are being traded below the issue price.

How do you check the allotment status of an IPO?

You have finished an IPO investment and are, as of now, anticipating your allotment status. Confirming the status is a straightforward yet basic stage in the system. The allotment status of an initial public offering (IPO) can commonly be confirmed through the website of the registrar or the stock exchanges where the IPO is recorded. To get to the status of their allotments, investors are expected to visit the assigned website and inform them of their application subtleties, which might incorporate their PAN number, application number, or DP ID/Client ID.

It is reasonable to follow the allotment date of the IPO to check the status as soon as possible. Upon the arrangement of the status, investors will actually want to decide the number of shares that have been appointed to them. It is urgent to take note that allotment is dependent upon a large number of factors, for example, regulatory guidelines and subscription levels.

Upcoming IPO: A Window of Opportunity

Keeping an eye on upcoming IPOs is a reasonable strategy for investors seeking new investment avenues. Companies planning to open up to the world generate significant buzz in the financial market as investors anticipate their presentation. To stay informed about upcoming IPOs, investors can utilize various resources, including financial news platforms, regulatory filings, and market research reports. 

Additionally, stock exchanges and financial institutions often provide insights into upcoming IPOs through newsletters and announcements. Being proactive in identifying promising IPOs enables investors to lead careful research and make informed investment decisions. It’s essential to analyze factors such as the company’s business model, financial performance, industry trends, and market dynamics before considering investment.

SME IPO: Unveiling Opportunities in Small Cap Ventures

In addition to mainstream IPOs, Small and Medium Enterprises (SMEs) often settle on IPOs to fuel their development aspirations. SME IPOs are allotted by those businesses falling under the category of a certain size in terms of assets, revenue, and employees.  SME IPOs offer investors the opportunity to participate in the development trajectory of promising small-cap ventures.

In recent times, the growing interest among investors in SMEs has caused these companies to release IPOs. The exchange boards and investors offer good support to SMEs to allott IPOs. These SME IPOs might be important for the development of the country and for creating more job possibilities in India.

Difference between SME IPOs and Regular IPOs

Small IPOs Regular IPOs
Few Regulations Stringent regulatory guidelines
Simplified disclosure and compliance rules Complex disclosure and compliance
1-10 crore investment amount 10-20 crore investment amount
5-50 crore turnaround 50-100 crore turnaround

Exciting IPOs of 2023: A Snapshot of New Opportunities

In the dynamic universe of investments, Initial Public Offerings (IPOs) stand out as remarkable opportunities for investors to partake in the development story of emerging companies. The year 2023 witnessed a whirlwind of IPOs, each offering a unique proposition and potential for development. Let’s delve into the vibrant landscape of IPOs that captivated investors’ attention:

  1. Tech Innovator IPO: Revolutionizing Industries

In 2023, a tech innovator hit the market with its IPO, sending ripples through the investment community. This company is recognized for its groundbreaking technologies, which aim to disrupt traditional industries and carve a niche in the digital realm. With its IPO, it sought to raise capital for expanding its operations and accelerating product development. Investors who are keen on cutting-edge solutions eagerly awaited this IPO, recognizing its potential to redefine sectors and generate substantial returns.

  1. Healthcare Disruptor IPO: Transforming Patient Care

Another standout IPO of 2023 hailed from the healthcare sector, promising to revolutionize patient care and medical services. This company, armed with innovative treatments and cutting-edge therapies, sought to address unmet medical needs and improve health outcomes globally. Through its IPO, it aimed to secure funding for clinical trials, research endeavors, and market expansion. Investors intrigued by the intersection of technology and healthcare eagerly awaited this IPO, recognizing its potential to drive meaningful impact and financial development.

  1. Green Energy IPO: Pioneering Sustainable Solutions

Amid growing concerns about climate change and environmental sustainability, a green energy company made waves with its IPO in 2023. Committed to advancing renewable energy solutions, this company aimed to accelerate the transition to a cleaner, greener future. Its innovative technologies and sustainable practices positioned it as a leader in the renewable energy sector. Through its IPO, it sought to finance large-scale projects, invest in research and development, and expand its global footprint. Investors passionate about environmental stewardship eagerly embraced this IPO, recognizing its potential to generate returns while fostering positive change.

  1. E-commerce Phenomenon IPO: Redefining Retail

In the fast-paced universe of e-commerce, a standout player emerged with its IPO in 2023, reshaping the retail landscape as we probably are aware of it. This company, known for its seamless user experience and expansive product offerings, aimed to redefine online shopping and customer engagement. With its IPO, it sought to fuel development initiatives, enhance logistics infrastructure, and diversify its product portfolio. Investors bullish on the future of e-commerce eagerly awaited this IPO, recognizing its potential to capture market share and drive shareholder value.

  1. Fintech Trailblazer IPO: Transforming Financial Services

The fintech sector witnessed a significant milestone in 2023 with the IPO of a pioneering company poised to disrupt traditional financial services. Armed with innovative digital solutions and a customer-centric approach, this company aimed to democratize access to financial products and services. Through its IPO, it aimed to raise capital for technology investments, regulatory compliance, and market expansion. Investors intrigued by the intersection of finance and technology eagerly anticipated this IPO, recognizing its potential to reshape the financial landscape and open new opportunities.

Upcoming IPOs of 2024: A Look at the Companies

Initial Public Offerings (IPOs) enable public companies to introduce themselves to the stock market and procure capital, recognizing them in the dynamic realm of investing. As we investigate the potential game-changers in the financial business, we eagerly anticipate the upcoming IPOs of 2024.

  1. Revolutionizing Tech with IPO

One of the most anticipated initial public offerings (IPOs) of 2024 is expected from an innovative software company whose novel solutions have been causing divisions to turn. As is customary for attracting investors in search of the next big thing in technology, this IPO is anticipated to cause an upheaval in the market. Because of its innovative products and demonstrated history of development, the investment community anticipates that this company’s IPO won’t be a laughing matter.

  1. Unveiling the Future of Healthcare

The healthcare business is abuzz with activity as investors and industry insiders anticipate another IPO. With its state-of-the-art technologies and innovative research, this company has established itself as a leader in healthcare innovation. The company aims to capitalize on its momentum and broaden its reach with its IPO by giving investors a potential chance to participate in its main goal to revolutionize healthcare.

  1. Green Energy IPO: Powering the Future

An interest in the initial public offering (IPO) of a green energy company is being displayed by investors who prioritize sustainable initiatives considering the developing urgency encompassing climate change and environmental maintainability. An attractive investment opportunity is the company’s dedication to renewable energy sources and its inventive way to deal with addressing environmental concerns. Ahead of the schedule, the company’s initial public offering (IPO) means to facilitate substantial changes and accelerate progress in the energy business.

  1. Disrupting Traditional Finance with IPO

The anticipated effect of a fintech company’s initial public offering (IPO) on the banking and financial services sectors is one of unpredictability. The company has attracted interest from the two investors and consumers due to its customer-centric methodology and innovative advanced arrangements. As the company plans to expand its market presence and capitalize on the developing demand for fintech arrangements, the IPO signifies a momentous defining moment.

  1. E-commerce IPO: Redefining Online Shopping

As investors become more cognizant of the immense potential of online retail, their interest in the initial public offering (IPO) of an e-commerce company eventually begins to surge. The company has established itself in the fiercely competitive e-commerce market with its extensive item selection and user-friendly e-commerce platforms. An extraordinary opportunity exists for investors to partake in the company’s development and capitalize on the burgeoning e-commerce market through the IPO.

Upcoming IPOs in 2024

Issuer Companies IPO opening date IPO Closing Date Listing Date IPO Issue Price IPO Exchange
Pratham EPC Projects Limited IPO Mar 11, 2024 Mar 13, 2024 Mar 18, 2024 71.00 to 75.00 NSE SME
Pune E-Stock Broking Limited IPO Mar 07, 2024 Mar 12, 2024 Mar 15, 2024 78.00 to 83.00 BSE, NSE
Gopal Snacks Limited IPO Mar 06, 2024 Mar 11, 2024 Mar 14, 2024 381.00 to 401.00 BSE SME
Shree Karni Fabcom Limited IPO Mar 06, 2024 Mar 11, 2024 Mar 14, 2024 227.00 NSE, SSE
Koura Fine Diamond Jewelry Limited IPO Mar 06, 2024 Mar 11, 2024 Mar 14, 2024 55.00 BSE SME

List of 2023 IPOs and current value

Company Listing  Date Issue Price (Rs) Current Value Rs (SME)
Supreme Power Equipment Limited Den 29, 2023 68.40 140.50
Trident Techlabs Limited Dec 29, 2023 35 266.50
Innova Captab Limited Dec 29, 2023 448 530.75
Inox India Limited Dec 21, 2023 660 1244.85

 List of 2022 IPOs and current value

Company Issue Date Issue Price


Current Value Rs (BSE) Current Value Rs (NSE) Gain
Venus Pipes & Tubes Limited May 22, 2022 326 1686.70 1683. 75 417.39
Global Health Limited Nov 16, 2022 336 1434.30 1435.65 326.88
Electronics Mart India Limited Oct 17, 2022 59 213.35 213.25 261.65
Ethos Limited May 30, 2022 878 2401.65 2400.55 173.45


For companies looking to take advantage of the numerous benefits that the public markets provide, initial public offerings (IPOs) represent a defining moment. The IPO narrative serves as a prime illustration of the entrepreneurial soul and determination that drives innovation and progress across diverse industries, transforming modest inceptions into enormous victories. Investors can navigate the dynamic financial markets with confidence and clarity by having a strong understanding of initial public offerings (IPOs) and staying current on significant changes. Whether you’re a growing entrepreneur or a seasoned investor, embrace the IPO voyage as a testament to ambition, resilience, and the quest for excellence.


FAQs on IPOs in India

Q1. What is an IPO?

Ans- An Initial Public Offering (IPO) is the process by which a private company becomes publicly traded by offering its shares to the general public on a stock exchange for the first time.

Q2. Why do companies go public through an IPO?

Ans- Companies go public through an IPO for various reasons, including raising capital to fund growth, providing liquidity to existing shareholders, increasing brand visibility, and gaining access to public markets for future financing opportunities.

Q3. How does an IPO benefit a company in India?

Ans- IPOs in India provide companies with access to capital markets, enabling them to raise funds for expansion, debt repayment, working capital, acquisitions, and other corporate purposes.

Q4. What are the regulatory bodies overseeing IPOs in India?

Ans- In India, the primary regulatory body overseeing IPOs is the Securities and Exchange Board of India (SEBI). SEBI regulates the issuance of securities in the country and ensures investor protection and market integrity.

Q5. How does the IPO process work in India?

Ans- The IPO process in India involves several steps, including drafting a red herring prospectus (RHP), obtaining regulatory approvals from SEBI, price discovery through book-building or fixed price methods, marketing the IPO to potential investors, and listing the shares on a stock exchange.

Q6. What are the different types of IPOs in India?

Ans- IPOs in India can be categorized into two types: Book Built IPOs, where the price is determined through a bidding process, and Fixed Price IPOs, where the price is pre-determined by the issuer.

Q7. Who can invest in IPOs in India?

Ans- In India, both retail and institutional investors can participate in IPOs. Retail investors can apply for IPO shares through their Demat accounts using the online IPO application facility provided by their brokers or through physical application forms.

Q8. What are the risks associated with investing in IPOs in India?

Ans- Investing in IPOs in India carries various risks, including market risk, volatility risk, regulatory risk, and the risk of the company not performing as expected post-listing. Investors should conduct thorough due diligence and assess the company’s fundamentals before investing.

Q9. How can retail investors apply for IPO shares in India?

Ans- Retail investors in India can apply for IPO shares through their Demat accounts using the ASBA (Applications Supported by Blocked Amount) facility offered by banks. They can also apply through intermediaries such as stockbrokers, using online platforms or physical application forms.

Q10. What are the eligibility criteria for retail investors to apply for an IPO?

Ans- Retail investors in India must have a Demat account and a Permanent Account Number (PAN) to apply for IPO shares. There may also be certain financial criteria set by the issuer or underwriter, such as a minimum investment amount.

Q11. What documents are required to apply for an IPO in India?

Ans- Investors in India typically need to provide their PAN (Permanent Account Number), Demat account details, and other Know Your Customer (KYC) documents to apply for an IPO.

Q12. How can retail investors check their IPO application status in India?

Ans- Retail investors in India can check the status of their IPO applications online through the websites of the stock exchanges or the registrar to the IPO.

Q13. What is the minimum investment amount for participating in an IPO in India?

Ans- The minimum investment amount for participating in an IPO in India varies depending on the price per share and the lot size specified by the issuer.

Q14. Can foreign investors participate in IPOs in India?

Ans- Yes, foreign institutional investors (FIIs) and non-resident Indians (NRIs) can participate in IPOs in India subject to regulatory restrictions and compliance with Foreign Exchange.

Q15. What happens after an IPO is successfully completed in India?

Ans- After a successful IPO, the company’s shares are listed and traded on a stock exchange in India. The company becomes subject to regulatory disclosure requirements and governance standards, including periodic financial reporting and compliance with SEBI regulations.

 Q16. What are the tax implications of investing in IPOs in India?

Ans- Capital gains tax may apply to profits earned from the sale of IPO shares in India, depending on the holding period and the investor’s tax status.

Q17. How can investors track upcoming IPOs in India?

Ans- Investors in India can track upcoming IPOs through various channels, including financial news websites, stock exchange announcements, and the websites of SEBI and the registrar of the IPO.

Q18. What is the grey market premium (GMP) in an IPO?

Ans- The grey market premium (GMP) in an IPO refers to the price difference between the unofficial market (grey market) and the IPO price before the shares are listed on the stock exchange.

by Instockbroker Team | March 8, 2024

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