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.

  • 100% Paperless
    1-click investing
  • Easy investing
    Supported by ASBA
  • First mover advantage
    Listing gain possibility
Ipo Investment
Price Range
₹195 - ₹207
Min. Quantity
72
Date
26 Jun 24 - 28 Jun 24
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Price Range
₹73 - ₹77
Min. Quantity
1600
Date
25 Jun 24 - 27 Jun 24
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Price Range
₹36 - ₹40
Min. Quantity
3000
Date
25 Jun 24 - 27 Jun 24
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Price Range
₹162 - ₹171
Min. Quantity
800
Date
25 Jun 24 - 27 Jun 24
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Price Range
₹267 - ₹281
Min. Quantity
53
Date
25 Jun 24 - 27 Jun 24
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Price Range
₹55
Min. Quantity
2000
Date
24 Jun 24 - 26 Jun 24
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Price Range
₹43
Min. Quantity
3000
Date
24 Jun 24 - 26 Jun 24
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Price Range
₹62 - ₹64
Min. Quantity
2000
Date
24 Jun 24 - 26 Jun 24
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Price Range
₹95 - ₹100
Min. Quantity
1200
Date
24 Jun 24 - 26 Jun 24
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Price Range
₹32 - ₹34
Min.Quantity
4000
Date
21 Jun 24 - 25 Jun 24
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Price Range
₹351 - ₹369
Min.Quantity
40
Date
21 Jun 24 - 25 Jun 24
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Price Range
₹140
Min.Quantity
1000
Date
20 Jun 24 - 24 Jun 24
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Price Range
₹65 - ₹68
Min.Quantity
2000
Date
19 Jun 24 - 21 Jun 24
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Price Range
₹92
Min.Quantity
1200
Date
19 Jun 24 - 21 Jun 24
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Price Range
₹193 - ₹203
Min.Quantity
73
Date
19 Jun 24 - 21 Jun 24
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Price Range
₹114 - ₹120
Min.Quantity
125
Date
19 Jun 24 - 21 Jun 24
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Price Range
₹90 - ₹94
Listing Date
24 Jun 24
IPO Doc
Price Range
₹88 - ₹93
Listing Date
18 Jun 24
IPO Doc
Price Range
₹129 - ₹136
Listing Date
10 Jun 24
IPO Doc
Price Range
₹90 - ₹94
Listing Date
07 Jun 24
IPO Doc
Price Range
₹153 - ₹161
Listing Date
06 Jun 24
IPO Doc
Price Range
₹104 - ₹110
Listing Date
05 Jun 24
IPO Doc
Price Range
₹57 - ₹60
Listing Date
04 Jun 24
IPO Doc
Price Range
₹139 - ₹147
Listing Date
03 Jun 24
IPO Doc
Price Range
₹32
Listing Date
31 May 24
IPO Doc
Price Range
₹364 - ₹383
Listing Date
30 May 24
IPO Doc
Price Range
₹48
Listing Date
24 May 24
IPO Doc
Price Range
₹223 - ₹235
Listing Date
24 May 24
IPO Doc
Price Range
₹93 - ₹97
Listing Date
23 May 24
IPO Doc
Price Range
₹258 - ₹272
Listing Date
23 May 24
IPO Doc
Price Range
₹109 - ₹114
Listing Date
21 May 24
IPO Doc
Price Range
₹125 - ₹132
Listing Date
22 May 24
IPO Doc
Price Range
₹67
Listing Date
21 May 24
IPO Doc
Price Range
₹63 - ₹67
Listing Date
17 May 24
IPO Doc
Price Range
₹140 - ₹147
Listing Date
21 May 24
IPO Doc
Price Range
₹131 - ₹138
Listing Date
16 May 24
IPO Doc
Price Range
₹300 - ₹315
Listing Date
15 May 24
IPO Doc
Price Range
₹875 - ₹920
Listing Date
15 May 24
IPO Doc
Price Range
₹52
Listing Date
15 May 24
IPO Doc
Price Range
₹27 - ₹31
Listing Date
14 May 24
IPO Doc
Price Range
₹71 - ₹75
Listing Date
14 May 24
IPO Doc
Price Range
₹430 - ₹452
Listing Date
13 May 24
IPO Doc
Price Range
₹79
Listing Date
10 May 24
IPO Doc
Price Range
₹395 - ₹415
Listing Date
30 Apr 24
IPO Doc
Price Range
₹10 - ₹11
Listing Date
25 Apr 24
IPO Doc
Price Range
₹80 - ₹85
Listing Date
23 Apr 24
IPO Doc
Price Range
₹120
Listing Date
23 Apr 24
IPO Doc
Price Range
₹111
Listing Date
16 Apr 24
IPO Doc
Price Range
₹100
Listing Date
16 Apr 24
IPO Doc
Price Range
₹542 - ₹570
Listing Date
12 Apr 24
IPO Doc
Price Range
₹111 - ₹119
Listing Date
08 Apr 24
IPO Doc
Price Range
₹45
Listing Date
09 Apr 24
IPO Doc
Price Range
₹80 - ₹85
Listing Date
09 Apr 24
IPO Doc
Price Range
₹75 - ₹81
Listing Date
08 Apr 24
IPO Doc
Price Range
₹100 - ₹106
Listing Date
05 Apr 24
IPO Doc
Price Range
₹72 - ₹76
Listing Date
05 Apr 24
IPO Doc
Price Range
₹51 - ₹54
Listing Date
03 Apr 24
IPO Doc
Price Range
₹159 - ₹168
Listing Date
03 Apr 24
IPO Doc
Price Range
₹95 - ₹101
Listing Date
04 Apr 24
IPO Doc
Price Range
₹200 - ₹210
Listing Date
03 Apr 24
IPO Doc
Price Range
₹84 - ₹89
Listing Date
02 Apr 24
IPO Doc
Price Range
₹86
Listing Date
01 Apr 24
IPO Doc
Price Range
₹71 - ₹75
Listing Date
28 Mar 24
IPO Doc
Price Range
₹91 - ₹96
Listing Date
22 Mar 24
IPO Doc
Price Range
₹70
Listing Date
22 Mar 24
IPO Doc
Price Range
₹680 - ₹715
Listing Date
21 Mar 24
IPO Doc
Price Range
₹71 - ₹75
Listing Date
20 Mar 24
IPO Doc
Price Range
₹61 - ₹65
Listing Date
19 Mar 24
IPO Doc
Price Range
₹280 - ₹295
Listing Date
19 Mar 24
IPO Doc
Price Range
₹71 - ₹75
Listing Date
18 Mar 24
IPO Doc
Price Range
₹220 - ₹227
Listing Date
14 Mar 24
IPO Doc
Price Range
₹381 - ₹401
Listing Date
14 Mar 24
IPO Doc
Price Range
₹210 - ₹221
Listing Date
13 Mar 24
IPO Doc
Price Range
₹136 - ₹143
Listing Date
13 Mar 24
IPO Doc
Price Range
₹85
Listing Date
12 Mar 24
IPO Doc
Price Range
₹270 - ₹288
Listing Date
12 Mar 24
IPO Doc
Price Range
₹26 - ₹28
Listing Date
07 Mar 24
IPO Doc
Price Range
₹120
Listing Date
07 Mar 24
IPO Doc
Price Range
₹98 - ₹100
Listing Date
12 Mar 24
IPO Doc
Price Range
₹135 - ₹142
Listing Date
05 Mar 24
IPO Doc
Price Range
₹70 - ₹71
Listing Date
05 Mar 24
IPO Doc
Price Range
₹162 - ₹171
Listing Date
05 Mar 24
IPO Doc
Price Range
₹83 - ₹87
Listing Date
04 Mar 24
IPO Doc
Price Range
₹95
Listing Date
01 Mar 24
IPO Doc
Price Range
₹177 - ₹186
Listing Date
29 Feb 24
IPO Doc
Price Range
₹342 - ₹360
Listing Date
28 Feb 24
IPO Doc
Price Range
₹129
Listing Date
27 Feb 24
IPO Doc
Price Range
₹75 - ₹79
Listing Date
27 Feb 24
IPO Doc
Price Range
₹80 - ₹84
Listing Date
23 Feb 24
IPO Doc
Price Range
₹45
Listing Date
23 Feb 24
IPO Doc
Price Range
₹73 - ₹77
Listing Date
23 Feb 24
IPO Doc
Price Range
₹216 - ₹227
Listing Date
23 Feb 24
IPO Doc
Price Range
₹77
Listing Date
23 Feb 24
IPO Doc
Price Range
₹141 - ₹151
Listing Date
20 Feb 24
IPO Doc
Price Range
₹140 - ₹147
Listing Date
19 Feb 24
IPO Doc
Price Range
₹1195 - ₹1258
Listing Date
16 Feb 24
IPO Doc
Price Range
₹54
Listing Date
16 Feb 24
IPO Doc
Price Range
₹109 - ₹115
Listing Date
15 Feb 24
IPO Doc
Price Range
₹295 - ₹311
Listing Date
14 Feb 24
IPO Doc
Price Range
₹393 - ₹414
Listing Date
14 Feb 24
IPO Doc
Price Range
₹445 - ₹468
Listing Date
14 Feb 24
IPO Doc
Price Range
₹147 - ₹155
Listing Date
12 Feb 24
IPO Doc
Price Range
₹68
Listing Date
12 Feb 24
IPO Doc
Price Range
₹129 - ₹135
Listing Date
06 Feb 24
IPO Doc
Price Range
₹100 - ₹108
Listing Date
05 Feb 24
IPO Doc
Price Range
₹170 - ₹180
Listing Date
06 Feb 24
IPO Doc
Price Range
₹79
Listing Date
02 Feb 24
IPO Doc
Price Range
₹186 - ₹192
Listing Date
02 Feb 24
IPO Doc
Price Range
₹66 - ₹70
Listing Date
02 Feb 24
IPO Doc
Price Range
₹39 - ₹41
Listing Date
31 Jan 24
IPO Doc
Price Range
₹66 - ₹70
Listing Date
30 Jan 24
IPO Doc
Price Range
₹218 - ₹230
Listing Date
30 Jan 24
IPO Doc
Price Range
₹130 - ₹140
Listing Date
30 Jan 24
IPO Doc
Price Range
₹31 - ₹33
Listing Date
23 Jan 24
IPO Doc
Price Range
₹397 - ₹418
Listing Date
23 Jan 24
IPO Doc
Price Range
₹51 - ₹54
Listing Date
18 Jan 24
IPO Doc
Price Range
₹51
Listing Date
16 Jan 24
IPO Doc
Price Range
₹315 - ₹331
Listing Date
16 Jan 24
IPO Doc
Price Range
₹71 - ₹75
Listing Date
08 Jan 24
IPO Doc
Price Range
₹51 - ₹54
Listing Date
05 Jan 24
IPO Doc
Price Range
₹36
Listing Date
03 Jan 24
IPO Doc
Price Range
₹52 - ₹55
Listing Date
03 Jan 24
IPO Doc
Price Range
₹65
Listing Date
29 Dec 23
IPO Doc
Price Range
₹180
Listing Date
01 Jan 24
IPO Doc
Price Range
₹33 - ₹35
Listing Date
29 Dec 23
IPO Doc
Price Range
₹426 - ₹448
Listing Date
29 Dec 23
IPO Doc
Price Range
₹61 - ₹65
Listing Date
29 Dec 23
IPO Doc
Price Range
₹499 - ₹524
Listing Date
28 Dec 23
IPO Doc
Price Range
₹93
Listing Date
27 Dec 23
IPO Doc
Price Range
₹266 - ₹280
Listing Date
27 Dec 23
IPO Doc
Price Range
₹808 - ₹850
Listing Date
27 Dec 23
IPO Doc
Price Range
₹95 - ₹100
Listing Date
27 Dec 23
IPO Doc
Price Range
₹340 - ₹360
Listing Date
26 Dec 23
IPO Doc
Price Range
₹52 - ₹55
Listing Date
26 Dec 23
IPO Doc
Price Range
₹277 - ₹291
Listing Date
26 Dec 23
IPO Doc
Price Range
₹627 - ₹660
Listing Date
21 Dec 23
IPO Doc
Price Range
₹65
Listing Date
21 Dec 23
IPO Doc
Price Range
₹469 - ₹493
Listing Date
20 Dec 23
IPO Doc
Price Range
₹750 - ₹790
Listing Date
20 Dec 23
IPO Doc
Price Range
₹121 - ₹125
Listing Date
19 Dec 23
IPO Doc
Price Range
₹72
Listing Date
18 Dec 23
IPO Doc
Price Range
₹133 - ₹140
Listing Date
15 Dec 23
IPO Doc
Price Range
₹70
Listing Date
11 Dec 23
IPO Doc
Price Range
₹111
Listing Date
13 Dec 23
IPO Doc
Price Range
₹16 - ₹18
Listing Date
08 Dec 23
IPO Doc
Price Range
₹26
Listing Date
08 Dec 23
IPO Doc
Price Range
₹288 - ₹304
Listing Date
01 Dec 23
IPO Doc
Price Range
₹475 - ₹500
Listing Date
30 Nov 23
IPO Doc
Price Range
₹133 - ₹140
Listing Date
30 Nov 23
IPO Doc
Price Range
₹160 - ₹169
Listing Date
30 Nov 23
IPO Doc
Price Range
₹136 - ₹140
Listing Date
30 Nov 23
IPO Doc
Price Range
₹30 - ₹32
Listing Date
29 Nov 23
IPO Doc
Price Range
₹80 - ₹83
Listing Date
16 Nov 23
IPO Doc
Price Range
₹268 - ₹282
Listing Date
15 Nov 23
IPO Doc
Price Range
₹84
Listing Date
20 Nov 23
IPO Doc
Price Range
₹72 - ₹76
Listing Date
15 Nov 23
IPO Doc
Price Range
₹81
Listing Date
10 Nov 23
IPO Doc
Price Range
₹57 - ₹60
Listing Date
10 Nov 23
IPO Doc
Price Range
₹52 - ₹55
Listing Date
08 Nov 23
IPO Doc
Price Range
₹308 - ₹324
Listing Date
07 Nov 23
IPO Doc
Price Range
₹67 - ₹70
Listing Date
06 Nov 23
IPO Doc
Price Range
₹617 - ₹648
Listing Date
06 Nov 23
IPO Doc
Price Range
₹78 - ₹82
Listing Date
07 Nov 23
IPO Doc
Price Range
₹91
Listing Date
03 Nov 23
IPO Doc
Price Range
₹95 - ₹100
Listing Date
03 Nov 23
IPO Doc
Price Range
₹329 - ₹346
Listing Date
01 Nov 23
IPO Doc
Price Range
₹208
Listing Date
01 Nov 23
IPO Doc
Price Range
₹480 - ₹505
Listing Date
26 Oct 23
IPO Doc
Price Range
₹47 - ₹50
Listing Date
31 Oct 23
IPO Doc
Price Range
₹86
Listing Date
27 Oct 23
IPO Doc
Price Range
₹45
Listing Date
25 Oct 23
IPO Doc
Price Range
₹77
Listing Date
18 Oct 23
IPO Doc
Price Range
₹48
Listing Date
13 Oct 23
IPO Doc
Price Range
₹51 - ₹54
Listing Date
12 Oct 23
IPO Doc
Price Range
₹68
Listing Date
10 Oct 23
IPO Doc
Price Range
₹58
Listing Date
12 Oct 23
IPO Doc
Price Range
₹76
Listing Date
12 Oct 23
IPO Doc
Price Range
₹99
Listing Date
11 Oct 23
IPO Doc
Price Range
₹93
Listing Date
10 Oct 23
IPO Doc
Price Range
₹29 - ₹31
Listing Date
11 Oct 23
IPO Doc
Price Range
₹162 - ₹165
Listing Date
06 Oct 23
IPO Doc
Price Range
₹71 - ₹75
Listing Date
09 Oct 23
IPO Doc
Price Range
₹133 - ₹140
Listing Date
06 Oct 23
IPO Doc
Price Range
₹36 - ₹38
Listing Date
11 Oct 23
IPO Doc
Price Range
₹97
Listing Date
03 Oct 23
IPO Doc
Price Range
₹44 - ₹47
Listing Date
05 Oct 23
IPO Doc
Price Range
₹59
Listing Date
05 Oct 23
IPO Doc
Price Range
₹70
Listing Date
09 Oct 23
IPO Doc
Price Range
₹171
Listing Date
04 Oct 23
IPO Doc
Price Range
₹113 - ₹119
Listing Date
03 Oct 23
IPO Doc
Price Range
₹280 - ₹300
Listing Date
04 Oct 23
IPO Doc
Price Range
₹215
Listing Date
03 Oct 23
IPO Doc
Price Range
₹80
Listing Date
04 Oct 23
IPO Doc
Price Range
₹36
Listing Date
28 Sep 23
IPO Doc
Price Range
₹75
Listing Date
28 Sep 23
IPO Doc
Price Range
₹210 - ₹222
Listing Date
27 Sep 23
IPO Doc
Price Range
₹366 - ₹385
Listing Date
27 Sep 23
IPO Doc
Price Range
₹140
Listing Date
29 Sep 23
IPO Doc
Price Range
₹70
Listing Date
26 Sep 23
IPO Doc
Price Range
₹92
Listing Date
28 Sep 23
IPO Doc
Price Range
₹160
Listing Date
27 Sep 23
IPO Doc
Price Range
₹40
Listing Date
25 Sep 23
IPO Doc
Price Range
₹135 - ₹142
Listing Date
28 Sep 23
IPO Doc
Price Range
₹119 - ₹126
Listing Date
22 Sep 23
IPO Doc
Price Range
₹156 - ₹164
Listing Date
22 Sep 23
IPO Doc
Price Range
₹983 - ₹1035
Listing Date
20 Sep 23
IPO Doc
Price Range
₹91
Listing Date
26 Sep 23
IPO Doc
Price Range
₹65
Listing Date
25 Sep 23
IPO Doc
Price Range
₹126 - ₹132
Listing Date
21 Sep 23
IPO Doc
Price Range
₹200 - ₹211
Listing Date
21 Sep 23
IPO Doc
Price Range
₹23
Listing Date
18 Sep 23
IPO Doc
Price Range
₹695 - ₹735
Listing Date
18 Sep 23
IPO Doc
Price Range
₹98
Listing Date
11 Sep 23
IPO Doc
Price Range
₹63
Listing Date
13 Sep 23
IPO Doc
Price Range
₹92 - ₹97
Listing Date
11 Sep 23
IPO Doc
Price Range
₹84
Listing Date
13 Sep 23
IPO Doc
Price Range
₹418 - ₹441
Listing Date
11 Sep 23
IPO Doc
Price Range
₹185
Listing Date
07 Sep 23
IPO Doc
Price Range
₹28
Listing Date
07 Sep 23
IPO Doc
Price Range
₹30
Listing Date
06 Sep 23
IPO Doc
Price Range
₹94 - ₹99
Listing Date
05 Sep 23
IPO Doc
Price Range
₹102 - ₹108
Listing Date
31 Aug 23
IPO Doc
Price Range
₹83
Listing Date
31 Aug 23
IPO Doc
Price Range
₹52
Listing Date
30 Aug 23
IPO Doc
Price Range
₹151 - ₹166
Listing Date
29 Aug 23
IPO Doc
Price Range
₹187 - ₹197
Listing Date
23 Aug 23
IPO Doc
Price Range
₹40 - ₹42
Listing Date
18 Aug 23
IPO Doc
Price Range
₹40
Listing Date
17 Aug 23
IPO Doc
Price Range
₹705 - ₹741
Listing Date
18 Aug 23
IPO Doc
Price Range
₹165
Listing Date
17 Aug 23
IPO Doc
Price Range
₹54 - ₹57
Listing Date
16 Aug 23
IPO Doc
Price Range
₹128
Listing Date
11 Aug 23
IPO Doc
Price Range
₹118
Listing Date
11 Aug 23
IPO Doc
Price Range
₹103
Listing Date
09 Aug 23
IPO Doc
Price Range
₹54 - ₹61
Listing Date
04 Aug 23
IPO Doc
Price Range
₹285 - ₹300
Listing Date
07 Aug 23
IPO Doc
Price Range
₹40
Listing Date
03 Aug 23
IPO Doc
Price Range
₹475 - ₹500
Listing Date
27 Jul 23
IPO Doc
Price Range
₹63 - ₹67
Listing Date
26 Jul 23
IPO Doc
Price Range
₹23 - ₹25
Listing Date
21 Jul 23
IPO Doc
Price Range
₹62 - ₹65
Listing Date
21 Jul 23
IPO Doc
Price Range
₹301 - ₹317
Listing Date
14 Jul 23
IPO Doc
Price Range
₹237
Listing Date
13 Jul 23
IPO Doc
Price Range
₹35 - ₹42
Listing Date
13 Jul 23
IPO Doc
Price Range
₹49
Listing Date
10 Jul 23
IPO Doc
Price Range
₹250 - ₹265
Listing Date
10 Jul 23
IPO Doc
Price Range
₹638 - ₹672
Listing Date
07 Jul 23
IPO Doc
Price Range
₹65 - ₹70
Listing Date
07 Jul 23
IPO Doc
Price Range
₹82 - ₹87
Listing Date
06 Jul 23
IPO Doc
Price Range
₹101 - ₹107
Listing Date
06 Jul 23
IPO Doc
Price Range
₹65
Listing Date
06 Jul 23
IPO Doc
Price Range
₹555 - ₹585
Listing Date
04 Jul 23
IPO Doc
Price Range
₹60
Listing Date
30 Jun 23
IPO Doc
Price Range
₹30
Listing Date
30 Jun 23
IPO Doc
Price Range
₹100
Listing Date
28 Jun 23
IPO Doc
Price Range
₹100
Listing Date
22 Jun 23
IPO Doc
Price Range
₹169 - ₹173
Listing Date
22 Jun 23
IPO Doc
Price Range
₹270 - ₹285
Listing Date
16 Jun 23
IPO Doc
Price Range
₹180
Listing Date
14 Jun 23
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

  • benefit-icon1-img

    Opportunity to invest in new companies or startups, otherwise not accessible to general public

  • benefit-icon2-img

    Allows buying shares at a discount to the market price (post listing)

  • benefit-icon3-img

    Possibility of significant listing gains, especially in IPOs of high growth companies

  • benefit-icon4-img

    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:

  • ipo-invest-icon

    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.

  • ipo-networth-icon

    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.

  • ipo-retial-icon

    Retail investors

    Investors with net worth of less than ₹2 lakhs. Minimum allotment capped at 35%.

How to apply for IPO @ logo-mstock

  • 1

    Open logo-mstock-img
    Demat Account

  • 2

    Select the IPO you
    want to invest in

  • 3

    Add funds through
    UPI and apply for the
    IPO. It's this easy!

+91

T&C and privacy policy

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
small_banner_img_left_home_des_24_img
Earn ₹555 every time you refer friends!

News

  • Dee Development Engineers IPO subscribed 8.99 times The initial public offer (IPO) of Dee Development Engineers received 13,42,84,887 bids for shares as against 1,49,44,944 shares on offer, according to stock exchange data at 17:00 IST on Thursday (20 June 2024). The issue was subscribed 8.99 times.

    The issue opened for bidding on Wednesday (19 June 2024) and it will close on Friday (21 June 2024). The price band of the IPO is fixed at Rs 193 to 203 per share. An investor can bid for a minimum of 73 equity shares and in multiples thereof.

    The initial public offer comprises fresh issue of equity shares aggregating upto Rs 325 crore and the offer for sale of 45,82,000 equity shares.

    Of the net proceeds of the offer, about Rs 75 crore will be used for funding working capital requirements of the company; Rs 175 crore for prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company; and balance for general corporate purposes. Total borrowings as end of Dec 2024 stood at Rs 386.19 crore.

    Ahead of the IPO, Dee Development Engineers on Tuesday, 18 June 2024, raised Rs 125.10 crore from anchor investors. The board allotted 61.62 lakh shares at Rs 203 each to 19 anchor investors.

    Dee Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing.

    As part of its specialized process piping solutions, it manufactures and supplies piping products such as high-pressure piping systems, piping spools, high frequency induction pipe bends, longitudinally submerged arc welding pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids and accessories including, boiler superheater coils, de-super heaters and other customized manufactured components.

    The firm reported a net profit of Rs 14.34 crore and net sales of Rs 545.55 crore for the nine months ended on 31 December 2023.

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  • Akme Fintrade (India) IPO subscribed 11.61 times The initial public offer (IPO) of Akme Fintrade (India) received 9,13,08,500 bids for shares as against 78,65,000 shares on offer, according to stock exchange data at 17:00 IST on Thursday (20 June 2024). The issue was subscribed 11.61 times.

    The issue opened for bidding on Wednesday (19 June 2024) and it will close on Friday (21 June 2024). The price band of the IPO is fixed at Rs 114 to 120 per share. An investor can bid for a minimum of 125 equity shares and in multiples thereof.

    The offer comprises only of fresh issue of 1.1 crore equity shares. The promoter shareholding in the company would decline to 41.6% post- IPO from 56.0% pre-IPO.

    The company proposes to utilize the net proceeds from the fresh issue towards augmenting the capital base to meet future capital requirements.

    The firm expects to receive the benefits of listing the equity shares on the stock exchanges, including to enhance brand image among existing and potential customers and creation of a public market for the equity shares in India.

    Ahead of the IPO, Akme Fintrade (India) on Tuesday, 18 June 2024, raised Rs 37.62 crore from anchor investors. The board allotted 31.35 lakh shares at Rs 120 each to 4 anchor investors.

    Akme Fintrade is a non-banking finance company (NBFC) incorporated in 1996, offering vehicle and business loans in rural and semi-urban geographies. The company carries out its operations in the format of hub & spoke business model.

    It has presence in 4 states - Rajasthan, Maharashtra, Madhya Pradesh and Gujarat through 12 branches and over 25 points of presence (physical and digital) having served over 2 lakh customer. Its registered office is located at Udaipur, Rajasthan and Corporate Office is at Mumbai, Maharashtra.

    The firm reported a net profit of Rs 12.25 crore and income from operations of Rs 50.77 crore for the nine months ended on 31 December 2023.

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  • BSE SME IPO of Gem Enviro Management subscribed 9.14 times The initial public offer (IPO) of Gem Enviro Management received bids for 3,92,86,400 shares as against 42,97,600 shares on offer, as per BSE data as of 17:00 hours on Wednesday (19 June 2024). The issue was subscribed 9.14 times.

    The issue opened for bidding on Wednesday (19 June 2024) and it will close on Friday (21 June 2024). The price band of the IPO is fixed between Rs 71 to Rs 75 per share. The minimum order quantity is 1,600 equity shares. The equity shares will list on BSE?s SME platform.

    The issue size comprises of fresh issue of 14,97,600 and offer for sale (OFS) of 44,92,800 shares by existing shareholders.

    The promoter and promoter group shareholding will dilute to 73.44% from 100% pre-offer.

    About 3,42,400 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 56,48,000 equity shares. The offer and the net offer will constitute 26.56% and 25.05%, 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 and general corporate purpose.

    Ahead of the IPO, Gem Enviro Management on Tuesday, 18 June 2024, raised Rs 12.69 crore from anchor investors. The board allotted 16.92 lakh shares at Rs 75 per share to 8 anchor investors..

    GEM Enviro Management (?GEM?) established for collection and recycling packaging waste, including plastic waste. However, it diversified into implementing Plastic Extended Producer Responsibility Programmes for various organizations, becoming its largest business vertical. In 2023-2024, the company has ventured into new sustainability businesses, providing services such as EPR consultancy and fulfilment for Plastic Waste, collection and recycling of industrial plastic waste, sales and marketing of recycled products, ESG consulting and BRSR (business responsibility and sustainability reporting). The company has total 51 full time employees.

    The company recorded revenue from operations of Rs 26.20 crore and net profit of Rs 8.40 crore for the period as on 31 December 2023.

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  • Dee Development Engineers IPO subscribed 2.51 times The initial public offer (IPO) of Dee Development Engineers received 3,74,51,044 bids for shares as against 1,49,44,944 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (19 June 2024). The issue was subscribed 2.51 times.

    The issue opened for bidding on Wednesday (19 June 2024) and it will close on Friday (21 June 2024). The price band of the IPO is fixed at Rs 193 to 203 per share. An investor can bid for a minimum of 73 equity shares and in multiples thereof.

    The initial public offer comprises fresh issue of equity shares aggregating upto Rs 325 crore and the offer for sale of 45,82,000 equity shares.

    Of the net proceeds of the offer, about Rs 75 crore will be used for funding working capital requirements of the company; Rs 175 crore for prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company; and balance for general corporate purposes. Total borrowings as end of Dec 2024 stood at Rs 386.19 crore.

    Ahead of the IPO, Dee Development Engineers on Tuesday, 18 June 2024, raised Rs 125.10 crore from anchor investors. The board allotted 61.62 lakh shares at Rs 203 each to 19 anchor investors.

    Dee Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing.

    As part of its specialized process piping solutions, it manufactures and supplies piping products such as high-pressure piping systems, piping spools, high frequency induction pipe bends, longitudinally submerged arc welding pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids and accessories including, boiler superheater coils, de-super heaters and other customized manufactured components.

    The firm reported a net profit of Rs 14.34 crore and net sales of Rs 545.55 crore for the nine months ended on 31 December 2023.

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  • Akme Fintrade (India) IPO subscribed 3.01 times The initial public offer (IPO) of Akme Fintrade (India) received 2,36,47,500 bids for shares as against 78, 65,000 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (19 June 2024). The issue was subscribed 3.01 times.

    The issue opened for bidding on Wednesday (19 June 2024) and it will close on Friday (21 June 2024). The price band of the IPO is fixed at Rs 114 to 120 per share. An investor can bid for a minimum of 125 equity shares and in multiples thereof.

    The offer comprises only of fresh issue of 1.1 crore equity shares. The promoter shareholding in the company would decline to 41.6% post- IPO from 56.0% pre-IPO.

    The company proposes to utilize the net proceeds from the fresh issue towards augmenting the capital base to meet future capital requirements.

    The firm expects to receive the benefits of listing the equity shares on the stock exchanges, including to enhance brand image among existing and potential customers and creation of a public market for the equity shares in India.

    Ahead of the IPO, Akme Fintrade (India) on Tuesday, 18 June 2024, raised Rs 37.62 crore from anchor investors. The board allotted 31.35 lakh shares at Rs 120 each to 4 anchor investors.

    Akme Fintrade is a non-banking finance company (NBFC) incorporated in 1996, offering vehicle and business loans in rural and semi-urban geographies. The company carries out its operations in the format of hub & spoke business model.

    It has presence in 4 states - Rajasthan, Maharashtra, Madhya Pradesh and Gujarat through 12 branches and over 25 points of presence (physical and digital) having served over 2 lakh customer. Its registered office is located at Udaipur, Rajasthan and Corporate Office is at Mumbai, Maharashtra.

    The firm reported a net profit of Rs 12.25 crore and income from operations of Rs 50.77 crore for the nine months ended on 31 December 2023.

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