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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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1
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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Sanstar IPO ends with blockbuster subscription
The initial public offer (IPO) of Sanstar received 3,11,94,96,150 bids for shares as against 3,75,90,000 shares on offer, according to stock exchange data at 17:45 IST on Tuesday (23 July 2024). The issue was subscribed 82.99 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 145.68 times. The Non Institutional Investors (NIIs) category was subscribed 136.50 times. The Retail Individual Investors (RIIs) category was subscribed 24.23 times.
The issue opened for bidding on Friday (19 July 2024) and it closed on Tuesday (23 July 2024). The price band of the IPO was fixed at Rs 90 to 95 per share. An investor can bid for a minimum of 150 equity shares and in multiples thereof.
The IPO comprises fresh issue of up to 4.18 crore equity shares and offer for sale of up to 1.19 crore equity shares.
The net proceeds will be used from the fresh issue to fund capital expenditure of Rs 181.56 crore for expansion of the Dhule facility, repayment and pre-payment, in part or in full, of borrowings of Rs 100 crore, and the balance towards general corporate purposes.
Ahead of the IPO, Sanstar on Wednesday, 18 July 2024, raised Rs 153.04 crore from anchor investors. The board allotted 1.61 crore shares at Rs 95 each to 12 anchor investors.
Incorporated on February 26, 1982, the Sanstar Group comprisedtwo entities: Sanstar and Sanstar Bio Polymers. The group manufactures maize-based specialty products and ingredients solutions and its co-products such as gluten, germ and bran. Sanstar and Sanstar Biopolymers were merged on November 23, 2023.
Sanstar's products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches and co-products like germs, gluten, fiber and enriched protein.
The firm reported a net profit of Rs 66.77 crore and sales of Rs 1,067.27 crore for the twelve months ended on 31 March 2024.
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BSE SME IPO of VVIP Infratech subscribed 4.12 times
The initial public offer (IPO) of VVIP Infratech received bids for 2,71,56,000 shares as against 65,82,000 shares on offer, as per BSE data as of 17:00 hours on Tuesday (23 July 2024). The issue was subscribed 4.12 times.
The issue opened for bidding on Tuesday (23 July 2024) and it will close on Thursday (25 July 2024). The price band of the IPO is fixed between Rs 91 to Rs 93 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on BSE's SME platform.
The IPO comprises fresh issue of 65,82,000 equity shares. The promoter and promoter group shareholding will dilute to 68% from 92.34% pre-issue.
About 3,38,400 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 62,43,600 equity shares. The issue and the net issue will constitute 26.36% and 25% respectively of the post offer paid up equity share capital of the company.
The company intends to utilize the net proceeds to meet working capital requirement, capital expenditure and general corporate purpose.
Ahead of the IPO, VVIP Infratech on Monday, 22 July 2024, raised Rs 17.40 crore from anchor investors. The board allotted 18.72 lakh shares at Rs 93 per share to 7 anchor investors.
Vibhor Vaibhav Infra Private (VVIPL) is engaged in the business of execution and construction of infrastructure projects such as Sewer, Sewer Treatment Plants, Water Tanks, Water Treatment Plants, Sector Development work, Electrical Distribution. It has spread business operations in field of Infrastructure, Real Estate, Electrical and Civil work. The company has an order book of Rs 477.62 crore, including an operation and maintenance (O&M) order book of Rs 126.19 crore as on 31 January 2024. The company has 167 employees.
The company recorded revenue from operations of Rs 283.52 crore and net profit of Rs 21.03 crore for the period as on 31 March 2024.
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Sanstar IPO subscribed 82.98 times
The initial public offer (IPO) of Sanstar received 3,11,93,80,950 bids for shares as against 3,75,90,000 shares on offer, according to stock exchange data at 17:45 IST on Tuesday (23 July 2024). The issue was subscribed 82.98 times.
The issue opened for bidding on Friday (19 July 2024) and it will close on Tuesday (23 July 2024). The price band of the IPO is fixed at Rs 90 to 95 per share. An investor can bid for a minimum of 150 equity shares and in multiples thereof.
The IPO comprises fresh issue of up to 4.18 crore equity shares and offer for sale of up to 1.19 crore equity shares.
The net proceeds will be used from the fresh issue to fund capital expenditure of Rs 181.56 crore for expansion of the Dhule facility, repayment and pre-payment, in part or in full, of borrowings of Rs 100 crore, and the balance towards general corporate purposes.
Ahead of the IPO, Sanstar on Wednesday, 18 July 2024, raised Rs 153.04 crore from anchor investors. The board allotted 1.61 crore shares at Rs 95 each to 12 anchor investors.
Incorporated on February 26, 1982, the Sanstar Group comprisedtwo entities: Sanstar and Sanstar Bio Polymers. The group manufactures maize-based specialty products and ingredients solutions and its co-products such as gluten, germ and bran. Sanstar and Sanstar Biopolymers were merged on November 23, 2023.
Sanstar's products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches and co-products like germs, gluten, fiber and enriched protein.
The firm reported a net profit of Rs 66.77 crore and sales of Rs 1,067.27 crore for the twelve months ended on 31 March 2024.
Powered by Capital Market - Live News
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Sanstar IPO subscribed 13.47 times
The initial public offer (IPO) of Sanstar received 50,64,45,900 bids for shares as against 3,75,90,000 shares on offer, according to stock exchange data at 17:00 IST on Monday (22 July 2024). The issue was subscribed 13.47 times.
The issue opened for bidding on Friday (19 July 2024) and it will close on Tuesday (23 July 2024). The price band of the IPO is fixed at Rs 90 to 95 per share. An investor can bid for a minimum of 150 equity shares and in multiples thereof.
The IPO comprises fresh issue of up to 4.18 crore equity shares and offer for sale of up to 1.19 crore equity shares.
The net proceeds will be used from the fresh issue to fund capital expenditure of Rs 181.56 crore for expansion of the Dhule facility, repayment and pre-payment, in part or in full, of borrowings of Rs 100 crore, and the balance towards general corporate purposes.
Ahead of the IPO, Sanstar on Wednesday, 18 July 2024, raised Rs 153.04 crore from anchor investors. The board allotted 1.61 crore shares at Rs 95 each to 12 anchor investors.
Incorporated on February 26, 1982, the Sanstar Group comprisedtwo entities: Sanstar and Sanstar Bio Polymers. The group manufactures maize-based specialty products and ingredients solutions and its co-products such as gluten, germ and bran. Sanstar and Sanstar Biopolymers were merged on November 23, 2023.
Sanstar's products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches and co-products like germs, gluten, fiber and enriched protein.
The firm reported a net profit of Rs 66.77 crore and sales of Rs 1,067.27 crore for the twelve months ended on 31 March 2024.
Powered by Capital Market - Live News
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Sanstar IPO subscribed 1.91 times
The initial public offer (IPO) of Sanstar received 7,19,59,350 bids for shares as against 3,75,90,000 shares on offer, according to stock exchange data at 17:00 IST on Friday (19 July 2024). The issue was subscribed 1.91 times.
The issue opened for bidding on Friday (19 July 2024) and it will close on Tuesday (23 July 2024). The price band of the IPO is fixed at Rs 90 to 95 per share. An investor can bid for a minimum of 150 equity shares and in multiples thereof.
The IPO comprises fresh issue of up to 4.18 crore equity shares and offer for sale of up to 1.19 crore equity shares.
The net proceeds will be used from the fresh issue to fund capital expenditure of Rs 181.56 crore for expansion of the Dhule facility, repayment and pre-payment, in part or in full, of borrowings of Rs 100 crore, and the balance towards general corporate purposes.
Ahead of the IPO, Sanstar on Wednesday, 18 July 2024, raised Rs 153.04 crore from anchor investors. The board allotted 1.61 crore shares at Rs 95 each to 12 anchor investors.
Incorporated on February 26, 1982, the Sanstar Group comprisedtwo entities: Sanstar and Sanstar Bio Polymers. The group manufactures maize-based specialty products and ingredients solutions and its co-products such as gluten, germ and bran. Sanstar and Sanstar Biopolymers were merged on November 23, 2023.
Sanstar's products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches and co-products like germs, gluten, fiber and enriched protein.
The firm reported a net profit of Rs 66.77 crore and sales of Rs 1,067.27 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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