Current IPOs List
Powerica Limited
Amir Chand Jagdish Kumar (exports) Limited
SAI Parenteral's Limited
What are Current IPOs?
Current IPOs are public offerings that are open for subscription. These IPOs take bids from investors interested in applying for shares before their debut on stock exchanges.
When an upcoming IPO opens for subscription, it takes subscriptions for the next 3 days. On the last day, the applications can be done by 5 PM. IPOs allow private limited companies to raise funds from public investors.
IPO also enhances reputation and brand visibility among customers, partners, investors and ultimately benefits an issuing company.
How to Select the Best Current IPO to Buy?
The PL Capital platform enables you to see the currently open IPOs. After that, follow these pointers to choose the current best IPO to buy:
Examine the Draft Red Herring Prospectus (DRHP)
Review the DRHP of current active IPOs for comprehensive details on the company’s business model, financials, risks, and objectives.
Assess Financial Health
Analyse balance sheets, income statements to find the assets, revenue, profit after tax, EBITDA, total borrowing, etc.
Evaluate Risks
Understand the risk factors disclosed in the DRHP, including competition, regulatory challenges, ongoing legal issues and operational hurdles.
Understand Use of IPO Proceeds
Read the objective of the issue and find out how your money is going to be utilised by the company.
Scrutinise IPO Valuation
Compare valuation metrics such as P/E and P/B ratios with peers, especially with listed companies, to avoid overpaying.
How to Apply for a Current IPO Online?
By opening a PL Capital Demat Account, you can apply for the current IPOs in just 5 simple steps:
Log in to your PL Capital account.
Choose the IPO stocks you are interested in and click on the "Bid" option.
Specify the number of lots you would like to apply for and enter your desired bid price.
Provide your UPI ID and apply.
Finally, approve the fund block request in your UPI app to complete the transaction.
Factors to Consider While Applying for Current IPOs
When you are applying for any of the current IPOs, you need to consider the following points:
First, you need to decide your investment horizon to plan the correct exit: Short-term (listing gains) or long-term (business fundamentals).
Identify the right IPO by evaluating:
- DRHP for financials, shareholding pattern, and management quality.
- Promoter strength and credibility.
- IPO grading and expert opinions from reputed and registered entities.
- The company’s objectives and fund utilisation.
- Your understanding of the business and invest only within it if you understand their business model, latest updates of the industry, etc.
FAQs on Open IPOs
How can I apply for a current IPO using my demat account?
Simply log in to your Demat Account -> Go to the IPO section -> Check the current IPOs open for subscription -> choose your preferred IPO -> Enter the number of lots, bid price, investor category -> Enter UPI ID and apply -> Open UPI app and approve the autopay request.
When will I get IPO allotment confirmation?
IPO allotment status is released by the registrar within the next 2-3 working days from the IPO close date. If allotted, you will receive a confirmation SMS, email, and the same will be available on the registrar’s website.
What is the cut-off price in an IPO, and how should I select it?
In an IPO, the cut-off price is the final share allotment price set by demand within the price band. By choosing the cut-off price while placing the bid, you agree to buy shares at this final determined price.
Is it possible to modify or cancel my IPO bid?
Yes. You can cancel or modify your IPO bid when the IPO is open. However, if the IPO closes, you cannot make any changes and have to wait for the allotment.
How many lots can I apply for in a current IPO?
Depending on the category, you can apply for multiple lots in the current IPO offerings. Retail investors can apply up to INR 2 lakhs, small HNIs INR 2 lakh to INR 10 lakh and big HNIs above INR 10 lakh in an IPO.
Where can I find expert analysis on upcoming and current IPOs?
For experts' opinions on the latest IPOs, you can search news about the public issue and also keep an eye on the PL Capital platform.
