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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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Western Carriers (India) IPO subscribed 0.79 times
The initial public offer (IPO) of Western Carriers (India) received 1,64,59,269 bids for shares as against 2,08,68,467 shares on offer, according to stock exchange data at 17:00 IST on Friday (13 September 2024). The issue was subscribed 0.79 times.
The issue opened for bidding on Friday (13 September 2024) and it will close on Wednesday (18 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, Bajaj Housing Finance 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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P N Gadgil Jewellers IPO ends with good subscription
The initial public offer (IPO) of P N Gadgil Jewellers received 1,00,31,53,273 bids for shares as against 1,68,85,964 shares on offer. The issue was subscribed 59.41 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 136.85 times. The Non Institutional Investors (NIIs) category was subscribed 56.09 times. The Retail Individual Investors (RIIs) category was subscribed 16.58 times.
The issue opened for bidding on 10 September 2024 and it closed on 12 September 2024. The price band of the IPO was fixed between Rs 456 to 480 per share.
The IPO comprised a fresh issue of equity shares worth up to Rs 850 crore and an offer for sale (OFS) aggregating up to Rs 250 crore by the existing shareholder SVG Business Trust.
The objectives for the fresh issue included Rs 392.5 crore for expanding the retail network by opening 12 new stores in Maharashtra, Rs 300 crore for repayment or pre-payment of certain borrowings, and for general corporate purposes.
The promoters and promoter group held an aggregate of 100% of the pre-offer issued and paid-up equity share capital. The post-IPO shareholding is expected to be around 83.11%.
Ahead of the IPO, P N Gadgil Jewellers on 9 September 2024 raised Rs 329.99 crore from anchor investors. The board allotted 68.74 lakh shares at Rs 480 each to 33 anchor investors.
P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products include gold, silver, platinum, and diamond jewelry across various price ranges and designs.
The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and own website. A mobile application, PNG Jewellers, was launched in March 2022 to keep customers updated on new designs and collections.
The firm reported a consolidated net profit of Rs 154.34 crore and sales of Rs 6,110.95 crore for the twelve months ended on 31 March 2024.
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P N Gadgil Jewellers IPO subscribed 59.40 times
The initial public offer (IPO) of P N Gadgil Jewellers received 1,00,30,98,372 bids for shares as against 1,68,85,964 shares on offer, according to stock exchange data at 17:33 IST on Thursday (12 September 2024). The issue was subscribed 59.40 times.
The issue opened for bidding on Tuesday (10 September 2024) and it will close on Thursday (12 September 2024). The price band of the IPO was fixed between Rs 456 to 480 per share. An investor can bid for a minimum of 31 equity shares and in multiples thereof.
The IPO comprises a fresh issue of equity shares worth up to Rs 850 crore and an offer for sale (OFS) aggregating up to Rs 250 crore by the existing shareholder SVG Business Trust.
The objectives for the fresh issue include Rs 392.5 crore for expanding the retail network by opening 12 new stores in Maharashtra, Rs 300 crore for repayment or pre-payment of certain borrowings, and for general corporate purposes.
The promoters and promoter group held an aggregate of 100% of the pre-offer issued and paid-up equity share capital. The post-IPO shareholding is expected to be around 83.11%.
Ahead of the IPO, P N Gadgil Jewellers on Monday, 9 September 2024, raised Rs 329.99 crore from anchor investors. The board allotted 68.74 lakh shares at Rs 480 each to 33 anchor investors.
P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products include gold, silver, platinum, and diamond jewelry across various price ranges and designs.
The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and own website. A mobile application, PNG Jewellers, was launched in March 2022 to keep customers updated on new designs and collections.
The firm reported a consolidated net profit of Rs 154.34 crore and sales of Rs 6,110.95 crore for the twelve months ended on 31 March 2024.
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Tolins Tyres IPO ends with decent subscription
The initial public offer (IPO) of Tolins Tyres received 17,89,26,528 bids for shares as against 74,88,372 shares on offer. The issue was subscribed 23.89 times.
The Non Institutional Investors (NIIs) category was subscribed 27.41 times. The Qualified Institutional Buyers (QIBs) category was subscribed 25.42 times. The Retail Individual Investors (RIIs) category was subscribed 21.52 times.
The issue opened for bidding on 9 September 2024 and it closed on 11 September 2024. The price band of the IPO was fixed between Rs 215 to 226 per share.
The IPO comprised a fresh issue of equity shares worth up to Rs 200 crore and an offer for sale (OFS) totaling Rs 30 crore by existing shareholders Dr. Kalamparambil Varkey Tolin and Jerin Tolin.
The objectives of the fresh issue included Rs 69.96 crore to be used for repayment and/or prepayment of certain outstanding loans, Rs 75 crore for augmenting long-term working capital requirements, Rs 23.15 crore for investment in wholly owned subsidiary Tolin Rubbers, and for general corporate purposes.
Promoters Dr Kalamparambil Varkey Tolin and Jerin Tolin and the promoter group holds an aggregate of 2, 84, 00,899 equity shares, aggregating to 92.64% of the pre-offer issued and paid-up equity share capital. Their post- IPO shareholding is expected to be around 68.53%.
Ahead of the IPO, Tolins Tyres on 6 September 2024, raised Rs 68.99 crore from anchor investors. The board allotted 30.53 lakh shares at Rs 226 each to 8 anchor investors.
Tolins Tyres is a tyre manufacturer of bias tyres used in a comprehensive range of vehicles, including light commercial, agricultural, and two- and three-wheeler vehicles as well as precured tread rubber. Ancillary products include bonding gum, vulcanizing solutions, tyre flaps, and tubes.
The business is divided into two main verticals: new tyre manufacturing and tread rubber production. Tyre retreading solutions are offered in India and exported to 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt. Exports contributed 5.38% to consolidated revenue, while the domestic market accounted for 94.62% in FY 2024.
The firm reported a consolidated net profit of Rs 26.01 crore and Sale of Rs 227.22 crore for the twelve months ended on 31 March 2024.
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Kross IPO ends with good subscription
The initial public offer (IPO) of Kross received 25,80,21,866 bids for shares as against 1,53,50,877 shares on offer. The issue was subscribed 16.81 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 23.32 times. The Non Institutional Investors (NIIs) category was subscribed 22.24 times. The Retail Individual Investors (RIIs) category was subscribed 10.76 times.
The issue opened for bidding on 9 September 2024 and it closed on 11 September 2024. The price band of the IPO was fixed between Rs 228 to Rs 240 per share.
The IPO consisted of a fresh issue of equity shares up to Rs 250 crore and an offer for sale (OFS) up to Rs 250 crore by existing shareholders Sudhir Rai and Anita Rai.
The promoters and promoter group held an aggregate of 99.99% of the pre-offer issued and paid-up equity share capital. The post-IPO shareholding is expected to be around 67.70%.
The objectives for the fresh issue included Rs 70 crore for funding capital expenditure requirements towards purchase of machinery and equipment; Rs 90 crore for repayment or prepayment of certain outstanding borrowings; Rs 30 crore for working capital requirements; and the remaining amount for general corporate purposes.
Ahead of the IPO, Kross on 29 August 2024, raised Rs 250.10 crore from anchor investors. The board allotted 64.29 lakh shares at Rs 389 each to 28 anchor investors.
Kross manufactures tractor and truck components and trailer axles and suspensions. The wide range of products include high-performance forged and precision-machined safety-critical parts for medium and heavy-duty commercial vehicles (M&HCV) and agricultural equipment.
The firm reported a consolidated net profit of Rs 44.88 crore and sales of Rs 620.25 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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