IPO with Shareholders Quota
| Subsidiary IPO Name | Parent Company | SEBI IPO Status |
| ICICI Prudential AMC | ICICI Bank | – |
| Asirvad Micro Finance | Manappuram Finance | SEBI Approval Received |
| Belstar Microfinance | Muthoot Finance | IPO Approved |
| SIS Cash Services | SIS Limited | IPO Approved |
| Prestige Hospitality Ventures | Prestige Estates | IPO Approved |
| Hero FinCorp | Hero MotoCorp | IPO Approved |
| Greaves Electric Mobility | Greaves Cotton | IPO Approved |
| Bharat Coking Coal Limited (BCCL) | Coal India | IPO Approved |
| EAAA India Alternatives | Edelweiss Financial Services | DRHP filed |
| Credila | HDFC Bank | DRHP awaited |
| Central Mine Planning And Design Institute (CMPDI) | Coal India | DRHP filed |
| ILJIN Electronics | Amber Enterprises | DRHP awaited |
| SJVN Green Energy | SJVN | DRHP awaited |
| Tata Passenger Electric Mobility | Tata Motors | DRHP awaited |
| Reliance Retail | Reliance Industries | DRHP awaited |
| Reliance Jio | Reliance Industries | DRHP awaited |
| LIC Mutual Fund | LIC | DRHP awaited |
| NHPC Renewable | NHPC | DRHP awaited |
| ONGC Green | ONGC | DRHP awaited |
| SBI Mutual Fund | SBI | DRHP awaited |
| HDFC Ergo | HDFC Bank | DRHP awaited |
| Kotak AMC | Kotak Mahindra Bank | DRHP awaited |
| Bajaj Energy | Bajaj Hindusthan Sugar | DRHP awaited |
| Bajaj Allianz Life Insurance | Bajaj Finserv | DRHP awaited |
| Bajaj Allianz General Insurance | Bajaj Finserv | DRHP awaited |
| Reliance General Insurance | Reliance Capital | DRHP awaited |
| Axis AMC | Axis Bank | DRHP awaited |
| Jeevansathi.com | Info Edge | DRHP awaited |
What is the Shareholder Quota in IPOs?
With the help of a subsidiary company, stakeholders could apply to be listed companies. This is called the parent company. Moreover, a parent company can be, when holding 50% of the partnership, a listed company.
To cite an example, ABC company is the parent company of XYZ (50%) partnership, called the parent company. Moreover, XYZ is going to be listed on NSE and BSE emerge, wherein investors must have 1 share of ABC in order to apply by shareholder quota.
Who Can Apply Under the Shareholder Category in IPOs?
HNI investors, retail investors, and employees of the parent company can apply for the shareholder quota in an IPO if they hold at least one share of the parent company on the record date. The record date is typically when the Red Herring Prospectus (RHP) is filed. It’s important to note that the parent company’s shares must be in the investor’s demat account on the record date. Since India follows a T+2 settlement cycle, investors need to buy the shares at least two days before the record date to be eligible.
Ashirvad Micro Finance IPO
Asirvad Microfinance Limited is a leading player in India’s microfinance sector, providing financial assistance to low-income households. Further, the company specializes in offering small-ticket loans to enhance livelihood, foster entrepreneurship, and boost financial inclusion. IPO size will be[*] with a face value of 10 for each share.
Hero FinCorp IPO
Hero FinCorp, the financial services arm of two-wheeler manufacturer Hero MotoCorp, has a goal for an IPO worth ₹3,668 crore. Therefore, they have filed DRHP to the SEBI. Hero FinCorp is a non-bank financial company (NBFC) in India that offers a variety of financial products to individuals and small businesses (MSMEs).
The IPO is a combination of an Offer For Sale (OFS) of ₹1,568 crore by investor shareholders and a fresh issue of equity shares worth Rs ₹2,100 crore.
JM Financial Ltd, HSBC Securities and Capital Markets (India) Private Ltd, ICICI Securities Ltd, Jefferies India Private Ltd, and SBI Capital Markets Ltd are the lead managers of this Initial Public offering(IPO).
