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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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Garuda Construction and Engg IPO subscribed 7.55 times
The initial public offer (IPO) of Garuda Construction and Engineering received 15,03,43,985 bids for shares as against 1,99,04,862 shares on offer, according to stock exchange data at 17:33 IST on Thursday (10 October 2024). The issue was subscribed 7.55 times.
The issue opened for bidding on 8 October 2024 and it will close on 10 October 2024. The price band of the IPO was fixed between Rs 90 to 95 per share. An investor can bid for a minimum of 157 equity shares and in multiples thereof.
The public issue of up to 2,78,00,000 equity shares of face value of 5 per equity share comprises fresh issue of up to 1,83,00,000 equity shares and an offer for sale (OFS) up to 95,00,000 equity shares by PKH Ventures, its promoter.
Of the net proceeds from fresh issue, Rs 100 crore will be used to fund the long-term working capital requirements. The balance is for general corporate expenses and unidentified inorganic acquisitions.
Ahead of the IPO, Garuda Construction and Engineering on Monday, 7 October 2024, raised Rs 75 crore from anchor investors. The board allotted 78.95 lakh shares at Rs 95 each to 7 anchor investors.
Garuda Construction and Engineering (GCEL) is a construction company offering end to end civil construction service for residential, commercial, residential cum commercial, infrastructure and industrial projects and additional services for infrastructure and hospitality projects.
Its end-to-end civil construction starts with detailed route survey, designing, detailed engineering, mobilization of resources, micro scheduling of construction activities, obtaining construction permissions and conducting soil/water testing, hiring of contractor / manpower, procurement of material, lab testing, carrying out construction activities as per approved plan and finally handing over the project are per the agreed terms.
The firm reported a consolidated net profit of Rs 36.44 crore and sales of Rs 154.18 crore for the twelve months ended on 31 March 2024.
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Garuda Construction and Engg IPO subscribed 4.10 times
The initial public offer (IPO) of Garuda Construction and Engineering received 8,16,77,366 bids for shares as against 1,99,04,862 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (9 October 2024). The issue was subscribed 4.10 times.
The issue opened for bidding on 8 October 2024 and it will close on 10 October 2024. The price band of the IPO was fixed between Rs 90 to 95 per share. An investor can bid for a minimum of 157 equity shares and in multiples thereof.
The public issue of up to 2,78,00,000 equity shares of face value of 5 per equity share comprises fresh issue of up to 1,83,00,000 equity shares and an offer for sale (OFS) up to 95,00,000 equity shares by PKH Ventures, its promoter.
Of the net proceeds from fresh issue, Rs 100 crore will be used to fund the long-term working capital requirements. The balance is for general corporate expenses and unidentified inorganic acquisitions.
Ahead of the IPO, Garuda Construction and Engineering on Monday, 7 October 2024, raised Rs 75 crore from anchor investors. The board allotted 78.95 lakh shares at Rs 95 each to 7 anchor investors.
Garuda Construction and Engineering (GCEL) is a construction company offering end to end civil construction service for residential, commercial, residential cum commercial, infrastructure and industrial projects and additional services for infrastructure and hospitality projects.
Its end-to-end civil construction starts with detailed route survey, designing, detailed engineering, mobilization of resources, micro scheduling of construction activities, obtaining construction permissions and conducting soil/water testing, hiring of contractor / manpower, procurement of material, lab testing, carrying out construction activities as per approved plan and finally handing over the project are per the agreed terms.
The firm reported a consolidated net profit of Rs 36.44 crore and sales of Rs 154.18 crore for the twelve months ended on 31 March 2024.
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Garuda Construction and Engg IPO subscribed 1.91 times
The initial public offer (IPO) of Garuda Construction and Engineering received 3,80,15,666 bids for shares as against 1,99,04,862 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (8 October 2024). The issue was subscribed 1.91 times.
The issue opened for bidding on 8 October 2024 and it will close on 10 October 2024. The price band of the IPO was fixed between Rs 90 to 95 per share. An investor can bid for a minimum of 157 equity shares and in multiples thereof.
The public issue of up to 2,78,00,000 equity shares of face value of 5 per equity share comprises fresh issue of up to 1,83,00,000 equity shares and an offer for sale (OFS) up to 95,00,000 equity shares by PKH Ventures, its promoter.
Of the net proceeds from fresh issue, Rs 100 crore will be used to fund the long-term working capital requirements. The balance is for general corporate expenses and unidentified inorganic acquisitions.
Ahead of the IPO, Garuda Construction and Engineering on Monday, 7 October 2024, raised Rs 75 crore from anchor investors. The board allotted 78.95 lakh shares at Rs 95 each to 7 anchor investors.
Garuda Construction and Engineering (GCEL) is a construction company offering end to end civil construction service for residential, commercial, residential cum commercial, infrastructure and industrial projects and additional services for infrastructure and hospitality projects.
Its end-to-end civil construction starts with detailed route survey, designing, detailed engineering, mobilization of resources, micro scheduling of construction activities, obtaining construction permissions and conducting soil/water testing, hiring of contractor / manpower, procurement of material, lab testing, carrying out construction activities as per approved plan and finally handing over the project are per the agreed terms.
The firm reported a consolidated net profit of Rs 36.44 crore and sales of Rs 154.18 crore for the twelve months ended on 31 March 2024.
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KRN Heat Exchanger and Refrigeration IPO ends with more than 214x subscription
The initial public offer (IPO) of KRN Heat Exchanger and Refrigeration received bids for 2,35,71,39,005 shares as against 1,09,93,000 shares on offer. The issue was subscribed 214.42 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 253.04 times. The Non Institutional Investors (NIIs) category was subscribed 431.63 times. The Retail Individual Investors (RIIs) category was subscribed 98.29 times.
The issue opened for bidding on Wednesday (25 September 2024) and it will close on Friday (27 September 2024). The price band of the IPO was fixed between Rs 209 to 220 per share. An investor can bid for a minimum of 65 equity shares and in multiples thereof.
The IPO comprises fresh issue of equity shares of 1,55,23,000 equity share of Rs 10 face value.
Of the net proceeds from the fresh issue, about Rs 242.46 crore will be used towards investment in equity of KRN HVAC Products (a wholly owned subsidiary of the company) which is setting up a new manufacturing facility at Neemrana and the balance of net proceeds is used for general corporate purposes.
Ahead of the IPO, KRN Heat Exchanger and Refrigeration on Tuesday, 24 September 2024, raised Rs 100.10 crore from anchor investors. The board allotted 45.50 lakh shares at Rs 220 each to 10 anchor investors.
KRN Heat Exchanger and Refrigeration (KHERL), promoted by Santosh Kumar Yadav, manufactures fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry ('HVAC&R'). It acts as an OEM supplier for the HVAC industry in India, specializing in manufacturing heat exchangers used in commercial air-conditioning and packaging air conditioning products such as process cooling equipment, data cooling centers, railways/metros, and other commercial air conditioning units.
The firm reported a consolidated net profit of Rs 39.07 crore and Sales of Rs 308.28 crore for the twelve months ended on 31 March 2024.
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Diffusion Engineers IPO ends with nearly 114x subscription
The initial public offer (IPO) of Diffusion Engineers received 75,54,83,608 bids for shares as against 65,98,500 shares on offer. The issue was subscribed 114.49 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 95.74 times. The Non Institutional Investors (NIIs) category was subscribed 207.60 times. The Retail Individual Investors (RIIs) category was subscribed 85.61 times.
The issue opened for bidding on 26 September 2024 and it closed on 30 September 2024. The price band of the IPO was fixed between Rs 159 to 168 per share.
The IPO comprises fresh issue of equity shares of 9405000 equity share of Rs 10 face value.
Of the net proceeds from the fresh issue, about Rs 71.38 crore will be used for funding capital expenditure requirements towards expansion of its existing manufacturing facility Unit IV at Khapri (Uma) in Nagpur, Rs 30.385 crore towards setting up of a new manufacturing facility located at Hingna in Sonegaon District of Maharashtra, Rs 22 crore towards funding working capital requirements of the company and balance for general corporate purposes.
Ahead of the IPO, Diffusion Engineers on Thursday, 5 September 2024, raised Rs 47.14 crore from anchor investors. The board allotted 28.06 lakh shares at Rs 168 each to 5 anchor investors.
Diffusion Engineers, promoted by Prashant Garg, manufactures welding consumables, wear plates and wear parts and heavy engineering machinery for core industries. It provides specialized repairs and reconditioning services for heavy machinery and equipment and trades anti-wear powders and welding and cutting machinery.
The company provides super conditioning process at its manufacturing facilities, a surface treatment solution for machine components that enhances wear resistance, eliminates stress and improves their repairability ultimately extending their lifespan and reducing production costs.
The firm reported a consolidated net profit of Rs 30.80 crore and sales of Rs 278.14 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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