Glossary
The words on Xflot's pages, in plain language, each linked to the live data it describes.
Grey market premium (GMP)The premium at which an IPO's shares are reported to change hands unofficially before listing.Subscription (times subscribed)How many times the shares on offer in an IPO were bid for.AllotmentThe final decision on who receives shares in an IPO.Lot sizeThe minimum number of shares, and the multiple, in which you can bid for an IPO.Price bandThe range within which bids are accepted in a book-built IPO.Anchor investorsLarge institutions allotted shares one working day before an IPO opens.QIB (qualified institutional buyer)Institutions such as mutual funds, banks, insurers and registered foreign investors.NII (non-institutional investor)Individuals and others bidding more than ₹2 lakh, also called HNIs.Retail individual investorAn individual bidding up to ₹2 lakh in an IPO.DRHP (draft red herring prospectus)The first draft of an IPO prospectus, filed with SEBI for review.RHP (red herring prospectus)The offer document filed shortly before an IPO opens.OFS (offer for sale)Existing shareholders selling their shares in an IPO.Fresh issueNew shares issued by the company in an IPO; the money goes to the company.Listing gainThe move from the issue price to the price on the first day of trading.Lock-inA period during which certain shareholders cannot sell.SME IPOAn IPO on NSE Emerge or BSE SME, the exchanges' boards for smaller companies.Delivery percentageThe share of a day's traded volume actually settled into demat accounts.Bulk dealA trade in a stock of more than 0.5% of its listed shares by one client in a day.Block dealA large trade executed in a separate trading window.Record dateThe date on which you must be a registered shareholder to receive a dividend, bonus or rights entitlement.ASM and GSMThe exchanges' additional and graded surveillance measures.Trade-for-trade (T2T)A settlement segment where every trade must be delivered.FII/FPI and DII flowsNet buying or selling by foreign portfolio investors and domestic institutions.P/E ratioShare price divided by earnings per share.