IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
Companies that do not meet the Rule 6(1) IPO eligibility criteria can opt for Mainboard IPO listing through the QIB Route under Rule 6(2). The regulation is brought under effect for companies which do not meet the profitability criteria but have good growth prospects in the future. SEBI ICDR Regulation permits the listing of such companies but by limiting the retail participation. Our IPO calculator displays a real time eligibility assessment for your company. From IPO Readiness, understanding IPO norms to DRHP preparation, intermediary coordination, and post-listing support, IPOPlatform offers end-to-end IPO services tailored to regulatory and market requirements.
As per the SEBI regulations, You are eligible for listing.
In accordance with ICDR Rule 6(2):
(a) the issue is conducted through the book-building process, and
(b) to allocate at least seventy-five percent of the net offer to Qualified Institutional Buyers (QIBs), with a full refund of the subscription amount if this allocation is not met.
Since one or more conditions are not met, You are not eligible yet.
We can help you become IPO ready. Contact Us Now!When a company cannot fulfil the IPO eligibility criteria under rule 6(1) of SEBI ICDR Regulations, it may be eligible to bring IPO under Rule 6(2) known as QIB Route. To protect the interest of retail investors, SEBI has mandated 10% quota for retail and 75% quota for QIB.
The QIB route is an alternative route developed by SEBI for genuine, capable and legitimate companies that are unable to meet profitability parameters and for limiting the participation of retail investors in such companies. Companies like Swiggy, Zomato, Ather Energy have launched their IPO under the QIB Route
A loss-making company does not fulfill the eligibility criteria of profitability. Hence, QIB route (Rule 6(2)) laid by SEBI is applicable for listing of such companies on the stock exchanges.
• QIB stands for Qualified Institutional Buyers
• They are large financial institutions like Mutual Funds, Banks, Insurance companies and foreign portfolio investors
• Significant portion, 50% or more is offered to them in IPO
• They should be meeting specific criteria like being registered with SEBI, having minimum corpus and other guidelines as mandated by SEBI
When the IPO type is through book-building process, the shares are distributed among three main categories of investors as follows:
• Retail Investors (Small Individual Investors):
Up to 10% of the total shares can be allocated to retail investors.
• Non-Institutional Investors (NIIs):
Up to 15% of the shares are allocated to non-institutional investors, which include wealthy individuals and businesses.
• Qualified Institutional Buyers (QIBs):
At least 75% of the shares must be allocated to QIBs.
Within the QIB category, 5% is specifically reserved for mutual funds.
Investing in Initial Public Offer has risks like Overvaluation, market risk and uncertainty post listing.
Listing on the stock exchanges requires regulatory compliances (DRHP Process) and is a time consuming process. Post listing a company has to comply with LODR regulations as applicable to them.
You can refer to IPO dashboard of Ipoplatform to know about the IPO open, new IPO and upcoming IPO. Financial and business highlights are provided as IPO information.
BSE is Bombay Stock Exchange and NSE is the National Stock Exchange of India. These platforms act as marketplaces where the shares are traded by investors and traders with the assistance of stockbroking firms and brokers. A company can become public by listing on the stock exchanges once it complies with IPO Eligibility criteria. Listed companies on NSE and BSE.
BSE (Bombay Stock Exchange) is the oldest exchange of India founded in 1985. NSE (National Stock Exchange) was established in 1992 and introduced the fully automated electronic traded system. NSE has higher trading volumes as compared to BSE.
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