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Invest in latest IPO - 1 click, easy & convenient
Be an early bird and invest in companies, whether a promising start-up or an established business looking to raise fresh capital via Initial Public Offering. Search, evaluate, and invest in upcoming IPOs and get the first-mover advantage.
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IPO Doc
About IPO
IPO is a process by which private companies go public for the first time and their shares are listed (open for buying and selling) in the stock market. IPO helps investors get the first mover advantage and also assists companies to assess their net worth in the primary market.
Benefits of IPO to Investors
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Opportunity to invest in new companies or startups, otherwise not accessible to general public
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Allows buying shares at a discount to the market price (post listing)
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Possibility of significant listing gains, especially in IPOs of high growth companies
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Absolute transparency with all critical information available in the draft red herring prospectus.
Who can invest in IPO?
While any individual can invest in IPO, there are three distinct categories of IPO investors:
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Institutional investors or Qualified institutional investors
Commercial banks, mutual fund houses, pension funds, foreign portfolio, trusts, etc. QII allotment is capped at 50% by SEBI.
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High networth investors
Non-Qualified institutional investors with net worth of more than ₹2 lakhs. Allotment for HNIs is capped at 15% of the overall subscription.
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Retail investors
Investors with net worth of less than ₹2 lakhs. Minimum allotment capped at 35%.
How to apply for IPO @ ![logo-mstock]()
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Open
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Demat Account -
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Select the IPO you
want to invest in -
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Add funds through
UPI and apply for the
IPO. It's this easy!
How to enhance chances of IPO allotment?
- Apply from multiple Demat accounts (PAN should be different)
- Bid at cut-off price
- Apply for multiple lots
- Apply for shares in the retail quota (value less than ₹2 lakh)
- Apply early
- Hold shares of the parent company and apply in the 'shareholder' category
Blogs
News
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Northern Arc Capital IPO subscribed 110.66 times
The initial public offer (IPO) of Northern Arc Capital received bids for 2,37,68,26,014 shares as against 2,14,78,290 shares on offer. The issue was subscribed 110.66 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 240.79 times. The Non Institutional Investors (NIIs) category was subscribed 142.25 times. The Retail Individual Investors (RIIs) category was subscribed 30.70 times.
The issue opened for bidding on 16 September 2024 and it closed on 19 September 2024. The price band of the IPO was fixed between Rs 249 to 263 per share.
The initial public offer (IPO) consisted of fresh issue to raise Rs 500 crore through issuance of 1.90 crore equity shares at the lower band of Rs 249 per share (face value Rs 10 per share) and 2.01 crore equity shares at the upper band of Rs 263 per share.
The issue included an offer for sale (OFS) of 1.05 equity shares for raising 262.55-277.00 crore from the investors Leap Frog Financial Inclusion India (II) 38,44,449 equity shares, Accion Africa-Asia Investment Company 12,63,965 equity share, Eight Roads Investment Mauritius II 17,46,950 equity shares, Dvara Trust 13,44,828 equity shares, 360 One Special Opportunities Fund 14,08,918 equity shares and Sumitomo Mitsui Banking Corporation 9,23,210 equity shares.
The net proceeds from the fresh issue will be used for augmenting the capital base to meet future capital requirements. The issue will bring the benefits of listing the equity shares on the stock exchanges, including enhancing brand image among existing and potential customers and creation of a public market for the equity shares in India.
Ahead of the IPO, Northern Arc Capital on 13 September 2024, raised Rs 228.86 crore from anchor investors. The board allotted 87.02 lakh shares at Rs 263 each to 15 anchor investors.
Northern Arc Capital is a diversified financial services platform catering to the diverse retail credit requirements of the under-served households and businesses in India. Over the last 15 years, the company has facilitated financing of over Rs 1.73 lakh crore touching 10.18 crore lives across India. The business model is diversified across offerings, sectors, products, geographies and borrower categories.
The firm reported a consolidated net profit of Rs 308.33crore and income from operations of Rs 1,712.11 crore for the twelve months ended on 31 March 2024.
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Arkade Developers IPO subscribed 106.19 times
The initial public offer (IPO) of Arkade Developers received bids for 2,52,46,77,980shares as against 2,37,75,719 shares on offer. The issue was subscribed 106.19 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 163.16 times. The Non Institutional Investors (NIIs) category was subscribed 162.62 times. The Retail Individual Investors (RIIs) category was subscribed 50.37 times.
The issue opened for bidding on 16 September 2024 and it closed on 19 September 2024. The price band of the IPO was fixed between Rs 121 to 128 per share.
The IPO comprised fresh issue of equity shares, aggregating to Rs 410 crore.
Of the net proceeds from the fresh issue, about Rs 250 crore will be used for funding a part of the costs to be incurred in the development of its ongoing projects, and upcoming projects. The balance amount will be used for funding acquisition of yet-to-be identified land for real estate projects and general corporate purposes.
Ahead of the IPO, Arkade Developers on Friday, 13 September 2024, raised Rs 122.40 crore from anchor investors. The board allotted 95.62 lakh shares at Rs 128 each to 9 anchor investors.
Arkade Developers is a real estate development company concentrating on the development of premium aspirational lifestyle residential premises in Mumbai, Maharashtra, India's commercial capital. The company is engaged in the development of new projects (development / construction of residential premises on land acquired by the company) and redevelopment of existing premises.
The firm reported a consolidated net profit of Rs 122.84 crore and sales of Rs 634.74 crore for the twelve months ended on 31 March 2024.
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Western Carriers (India) IPO subscribed 30.36 times
The initial public offer (IPO) of Western Carriers (India) received bids for 63,35,25,909 shares as against 2,08,68,467 shares on offer. The issue was subscribed 30.36 times.
The Non Institutional Investors (NIIs) category was subscribed 44.62 times. The Qualified Institutional Buyers (QIBs) category was subscribed 27.99 times. The Retail Individual Investors (RIIs) category was subscribed 25.58 times.
The issue opened for bidding on 13 September 2024 and it closed on 19 September 2024. The price band of the IPO was fixed between Rs 163 to 172 per share.
The offer consisted of fresh issue of equity shares aggregating to Rs 400 crore and an offer for sale (OFS) of 54,00,000 equity shares of Rs 5 face value. Rajendra Sethia, the promoter of the company, is selling his entire stake.
Of the net proceeds from fresh issue, about Rs 163.50 crore will be used for prepayment or scheduled re-payment of a portion of certain outstanding borrowings and Rs 151.71 crore for funding of capital expenditure requirements such as purchase of CVs, 40-feet specialized containers; 20-feet normal shipping containers, and reach stackers.
The outstanding consolidated borrowings stood at Rs 352.731 crore as on 31 July 2024.
Ahead of the IPO, Western Carriers (India) on 12 September 2024, raised Rs 147.86 crore from anchor investors. The board allotted 85.96 lakh shares at Rs 172 each to 15 anchor investors.
Western Carriers (India) provides end-to-end, customized, multi-modal logistics solutions across the supply chain integrating road, railway, water and air logistics along with a customized suite of value-added services. The rail-focused logistics business of Rajendra Sethia, which commenced in 1972, was acquired in 2012 to evolve into the largest private, multi-modal, rail focused, 4PL asset-light logistics company in India in terms of container volumes handled and operated by private players in FY2023.
Key services are 3- and 4-PL supply chain and value-added services (Vas), warehousing and stock management, CHA and stevedoring, project logistics, rail transport, road transport as well as courier, air, water freight. End-to-end services solutions are offered at every stage in the logistics value chain.
The firm reported a consolidated net profit of Rs 80.35 crore and sales of Rs 1,685.77 crore for the twelve months ended on 31 March 2024.
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Western Carriers (India) IPO subscribed 13.88 times
The initial public offer (IPO) of Western Carriers (India) received bids for 28,96,23,957 shares as against 2,08,68,467 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (18 September 2024). The issue was subscribed 13.88 times.
The issue opened for bidding on Friday (13 September 2024) and it will close on Thursday (19 September 2024). The price band of the IPO was fixed between Rs 163 to 172 per share. An investor can bid for a minimum of 87 equity shares and in multiples thereof.
The offer consists of fresh issue of equity shares aggregating to Rs 400 crore and an offer for sale (OFS) of 54,00,000 equity shares of Rs 5 face value. Rajendra Sethia, the promoter of the company, is selling his entire stake.
Of the net proceeds from fresh issue, about Rs 163.50 crore will be used for prepayment or scheduled re-payment of a portion of certain outstanding borrowings and Rs 151.71 crore for funding of capital expenditure requirements such as purchase of CVs, 40-feet specialized containers; 20-feet normal shipping containers, and reach stackers.
The outstanding consolidated borrowings stood at Rs 352.731 crore as on 31 July 2024.
Ahead of the IPO, Western Carriers (India) on Thursday, 12 September 2024, raised Rs 147.86 crore from anchor investors. The board allotted 85.96 lakh shares at Rs 172 each to 15 anchor investors.
Western Carriers (India) provides end-to-end, customized, multi-modal logistics solutions across the supply chain integrating road, railway, water and air logistics along with a customized suite of value-added services. The rail-focused logistics business of Rajendra Sethia, which commenced in 1972, was acquired in 2012 to evolve into the largest private, multi-modal, rail focused, 4PL asset-light logistics company in India in terms of container volumes handled and operated by private players in FY2023.
Key services are 3- and 4-PL supply chain and value-added services (Vas), warehousing and stock management, CHA and stevedoring, project logistics, rail transport, road transport as well as courier, air, water freight. End-to-end services solutions are offered at every stage in the logistics value chain.
The firm reported a consolidated net profit of Rs 80.35 crore and sales of Rs 1,685.77 crore for the twelve months ended on 31 March 2024.
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Arkade Developers IPO subscribed 29.42 times
The initial public offer (IPO) of Arkade Developers received bids for 69,94,46,440 shares as against 2,37,75,719 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (18 September 2024). The issue was subscribed 29.42 times.
The issue opened for bidding on Monday, 16 September 2024 and it will close on Thursday, 19 September 2024. The price band of the IPO was fixed between Rs 121 to 128 per share. An investor can bid for a minimum of 110 equity shares and in multiples thereof.
The IPO comprises fresh issue of equity shares, aggregating to Rs 410 crore.
Of the net proceeds from the fresh issue, about Rs 250 crore will be used for funding a part of the costs to be incurred in the development of its ongoing projects, and upcoming projects. The balance amount will be used for funding acquisition of yet-to-be identified land for real estate projects and general corporate purposes.
Ahead of the IPO, Arkade Developers on Friday, 13 September 2024, raised Rs 122.40 crore from anchor investors. The board allotted 95.62 lakh shares at Rs 128 each to 9 anchor investors.
Arkade Developers is a real estate development company concentrating on the development of premium aspirational lifestyle residential premises in Mumbai, Maharashtra, India's commercial capital. The company is engaged in the development of new projects (development / construction of residential premises on land acquired by the company) and redevelopment of existing premises.
The firm reported a consolidated net profit of Rs 122.84 crore and sales of Rs 634.74 crore for the twelve months ended on 31 March 2024.
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Here's All you need to know about IPOs
An Initial Public Offering or IPO is a process through which a private company decides to "go public" by offering its shares to the general public in a bid to raise funds for its operations and expenses, among other things. It is a means for a company to raise capital from the public and become a publicly-traded company. The company must undergo stringent checks and a detailed process, monitored by the Securities and Exchange Board of India and underwriting banks, and provide proof of its financial health to qualify for public listing. It can go public only after it complies with the SEBI's requirements.
Yes, SEBI (Securities and Exchange Board of India) laws mandate each applicant to own a trading and Demat account while applying for an IPO.
Investing in an IPO gives you the opportunity to invest in a company or startup that is just getting listed. This early mover advantage allows you to buy shares at lower prices and sell them after listing on the market and pocket the gains.
When a company launches its IPO in share market, it divides the total shares it intends to offer to the public. In the case of IPO stocks, investors may not purchase any quantity of shares, unlike regular stock trading. They must instead purchase the shares in lots. The company fixes the maximum and minimum lot size before launching the IPO. This is known as market lot size or IPO bid lot. For instance, let's say the company sets a lot size of 10 shares for each lot. The minimum lot you can purchase is 1, and the maximum you can purchase is 10. This essentially means that if you buy 1 lot, the minimum number of shares you can get is 10, and you cannot buy more than 10 lots or 100 IPO shares. Thus, if you wish to buy 75 shares, you cannot do so. You must choose to buy 7 or 8 lots, i.e., 70 or 80 shares, whichever is the closest to the multiple of 10, which makes up 1 lot.
The minimum number of shares that an investor needs to apply for is referred to as the market lot size. Investors can bid for multiple lots (with a maximum cap decided by the company).
Book Building is defined as the process through which an underwriter - typically an investment bank, attempts to determine the IPO offering price. It is also known as the process of price discovery, which enables underwriters to understand the demand for shares of the company before arriving at an issue price. The underwriter essentially builds a book by inviting various institutional investors like fund managers and others to submit their bids for the number of shares they would be willing to purchase and share prices they would be willing to pay if they purchased the company's shares on a public platform. Book building is thus the de facto mechanism by which companies price their IPO in share market. All major stock exchanges worldwide recommend book building as the most efficient method to price securities.
Once the IPO is launched, the IPO registrar publishes and releases a document to the stock exchanges and interested investors comprising information about the IPO's final price, the bidding or demand information, and the share allotment or allocation ratio. This document is known as the Basis of Allotment, also referred to as the basis of allocation. As an investor, you must bear in mind that this document is categorised based on the categories of interested investors and the number of shares they have applied for. You can get the detailed information of the IPO, including the total number of applications received along with the allocation details, in this document. A crucial component of this document is the allotment ratio which provides insight on whether the IPO is oversubscribed, and if it is, by how many times. These details are critical because they allow you to assess the number of eligible applicants who will be allotted IPO shares from the actual number of applicants. For instance, if the allotment ratio is 1:8, it means that one applicant out of every eight will receive one lot of shares. If the allotment ratio is labelled as FIRM, all applicants will certainly receive some shares.
In case you do not get allotment, then the money blocked for the IPO in your bank account will be automatically unblocked.
The abbreviation DP in the investment market denotes a Depository Participant. There are two major depositories in India - the National Securities Depository Limited (NSDL) and the Central Depository Services Limited or the CDSL. Both depositories have their own network of depository participants that serve as a link between them and the securities issuing companies. Essentially, a DP is simply a financial institution such as a brokerage house (like Mirae Asset) or Bank registered with the SEBI. Anyone interested in investing in market securities, including IPOs, must open a Demat and trading account with a DP and specify the DP ID on the Initial Public Offering application form.
Currently share "Buyback" i.e., repurchase of shares by the issuing company itself and "Tender offer / Delisting" is not available on m.Stock platforms. We are working on bringing these and other features to you soon.
Indian citizens, NRIs, and HUFs (Hindu Undivided Fund) that apply for IPO shares worth less than Rs. 2 Lakh are considered as retail investors. Typically, around 25-35% of the initial public offering is reserved for retail investors.
A price band is a mechanism to put a value on the IPO share price. It is usually announced as a range decided by the IPO lead managers.
DRHPs are available online on SEBI's website: https://www.sebi.gov.in/index.html
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