What is an IPO?
This is the process when a private company sells their shares of stock to the public first time is known as Initial Public Offering(IPO). In essence, An initial public offering (IPO) denotes the change in ownership of a company from private to public. “Because of this, the IPO procedure is sometimes referred to as “going public.”
Types of IPO
Fixed Price Offering:- In this IPO, firstly the company decides on the price of the stocks then any buyer or investor pays that amount per share to obtain the desired number of stocks.
Book Building IPO:- In this IPO, the company decides the price band of the forthcoming IPO where the floor price is the minimum, and the cap price is the maximum, and the bidding is done within this range. The price is set by the underwriter and the company’s investors with surveys done on what would be the value of the share.
Tentative List of Upcoming IPOs in September
Company Name | Upcoming IPO Date |
Tamilnad Mercantile Bank Limited | 5 September 2022 |
National Stock Exchange | 2022 |
Oyo Rooms | 2022 |
Ola | 2022 |
MobiKwik | 2022 |
Boat | 2022 |
Pharmeasy | 2022 |
Upcoming IPOs in September 2022
- Tamilnad Mercantile Bank Limited
The bank has accumulated a sizable portfolio of deposits and advances from various customer groups. The majority of the loans in the advances portfolio are made to retail customers, agricultural clients, and MSMEs. Term deposits, recurring deposits, savings accounts, and current bank accounts are among the types of deposits in the portfolio. The IPO’s subscription period begins on September 5 and ends on September 7.
- Boat
As we all know, Boat is the India’s no.1 Earwear and wireless brand. It also becomes the 5th biggest wearable Brand in the world. It is already a profitable and successful business. Now it’s a golden time for a company to come up with its IPO. Hence the investors are also waiting so much to invest in its IPO. Boat filed for an initial public offering (IPO) of up to 2,000 crores with market regulator Securities and Exchange Board of India (SEBI). In this year, IPO of Boat is estimated to seek a valuation of $1.5-2 billion. As per reports, the IPO issue size will be Rs 2,000 crore.
