Invest in latest IPO - 1 click, easy & convenient

Investing in an IPO online is quite simple. Here's the step-by-step IPO process:

1. Open a Demat and Trading Account: To start the IPO investment process, you need a Demat and trading account with a SEBI-registered broker, such as m.Stock that offers a seamless and secure online platform for IPO applications.
2. Check IPO Eligibility: You must:
   Be an Indian resident with a PAN card.
   Have a valid bank account and Demat account.
   Ensure you have sufficient funds in your linked bank account.Ensure you have sufficient funds in your linked bank account.
3. Log in to the Trading Platform: Log in to your broker's trading platform and navigate to the IPO section. Top platforms like m.Stock give a detailed description of all ongoing and upcoming IPOs so that you can make an informed decision.
4. Select the IPO: Do thorough research, evaluate the company's prospectus, and choose the IPO you wish to apply for from the list of active IPOs.
5. Enter Bid Details: Select the number of shares (or lots) you wish to bid for.
6. Complete the Payment: Once you submit your application, the required amount is blocked via ASBA (Application Supported by Blocked Amount) until the shares are allotted.
7. Wait for Allotment: After the IPO closes, the shares are allotted and transferred to your demat account. In case of non-allotment, the blocked amount is released back to your bank account.

Yes, SEBI (Securities and Exchange Board of India) laws mandate each applicant to own a trading and Demat account while applying for an IPO.

Here's how you can check the IPO allotment status online:

1. Registrar's Website: The company's registrar is responsible for managing the IPO allotment. You can visit the registrar's website and check the IPO status by entering your PAN number, application number, or Demat account number.
2. Stock Exchange Website: You can also check the IPO allotment status on the websites of stock exchanges like BSE or NSE.
   Visit the BSE or NSE website.
   Go to the IPO section.
   Select the IPO you applied for.
   Enter your PAN number or application number to see if the shares were allotted.
3. Central Depositories: India's central depositories like NSDL and CDSL, and stock exchanges like the NSE and the BSE send regular alerts on your registered email, and as SMS on your registered mobile informing number keeping you informed regarding the allotment status.
4. Broker's Platform: Some brokers, like m.Stock, provide an option to check the IPO status directly through their online platforms. Log in to your trading account, navigate to the IPO section, and check the allotment status.

Documents Required to Check IPO Allotment Status:
PAN Number: This is essential for tracking your application.
Application Number: The number assigned when you apply for the IPO.
Demat Account Number: Sometimes required when checking on the registrar's website or broker platform.

If you do not receive an IPO allotment, the blocked amount in your bank account will be released back to you. The refund process is typically done within 2-5 working days after the allotment date. The funds are released automatically through the ASBA (Application Supported by Blocked Amount) system.

Once the amount is unblocked, it is returned to your bank account, and you will also receive an email and SMS confirmation for the same. To check if you have received an allotment, you can monitor your IPO status online through the registrar's website, stock exchange platform, or broker's site.

The IPO subscription period is the specific time frame during which investors can apply to buy shares of a company going public. Typically, the IPO period lasts for 3 to 5 working days.

The subscription window usually opens at 10:00 AM on the first day and closes at 5:00 PM on the last day. During this time, both retail and institutional investors can submit their applications for the IPO shares.

Once the IPO subscription period ends, no further applications are accepted, and the company processes the allotment based on demand. Investors can check the allotment status after this period closes.

A company launches an Initial Public Offering (IPO) to raise capital by offering shares to the public for the first time. Through an IPO launch, the company sells a portion of its ownership to investors, generating significant funds. These funds can be used for various purposes such as expanding operations, paying off debts, investing in new projects, or improving infrastructure.

IPOs also enhance the company's visibility and credibility in the market. By becoming publicly listed, the company gains access to a larger pool of investors and future funding opportunities. Additionally, an IPO allows early investors and shareholders, including founders and employees, to sell some of their shares, providing liquidity.

Overall, launching an IPO helps companies achieve growth while allowing the public to invest in their success.

To stay updated on upcoming IPOs, you can use several sources, including dedicated sections on financial websites and brokerage platforms like m.Stock.

1. m.Stock Platform: m.Stock offers a user-friendly section dedicated to upcoming IPOs. Here's how you can check for the latest IPOs:
   Log In: Access your m.Stock account using your credentials.
   Navigate to IPO Section: Go to the "IPO" tab on the homepage or main menu.
   View Upcoming IPOs: The section will display a list of upcoming IPOs, including details such as the issue date, price band, and the company name.
   The best part is, m.Stock also allows you invest in latest IPOs easily and conveniently using a single click.
2. Stock Exchange Websites: Websites like BSE and NSE also provide information on upcoming IPOs. you can check their IPO sections for the latest updates.
3. Financial News Websites: Online financial platforms and news websites often have dedicated sections for latest IPOs and announcements.
4. Brokerage Alerts: Many brokers send notifications or emails about upcoming IPOs, which you can subscribe to.

By regularly checking these sources, you can stay informed about new IPOs and make timely investment decisions.

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.

Let's say the IPO offered 10,000 shares to the public and received a total bid for exactly 10,000 shares. In this case, the IPO allocation is simple and each investor gets the lot of shares they had bid for. However, the IPO allotment process is different when an IPO is oversubscribed. Oversubscription occurs when the demand for shares exceeds the number of shares available. For example, 10,000 shares were on offer but 20,000 bids were received. This basis of allotment is determined by the company's registrar after the IPO launch and finalisation of the subscription data.

The IPO Allotment procedure covers important details, such as:

1. Category-wise Allocation: It explains how shares are distributed across different investor categories like retail, institutional, and non-institutional investors.
2. Allotment Ratios: It details the ratio of applicants to shares allotted. For example, 1 out of 5 applicants may receive shares if the IPO is oversubscribed.
3. IPO Price: The final issue price of the shares, which may differ from the price band initially announced.
4. IPO Allocation Status: Information on how many shares were allocated to each investor, depending on the category and demand.

The IPO allotment process is a fair, transparent, and regulated approach to distributing shares during an IPO. The registrar publishes the Basis of Allotment on their website a few days after the issue closes. Investors can use this document to check whether they received an allotment based on their application size and demand.

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.

Yes, Share "Buyback" i.e., repurchase of shares by the issuing company itself and "Tender offer / Delisting" is available on m.Stock platforms.

Retail Individual Investors (RIIs) in an IPO are individual investors or Hindu Undivided Family (HUF) who apply for shares up to a maximum investment of ₹ 2 lakh. Unlike other types of investors, retail investors typically invest smaller amounts and are eligible for a specific quota in the IPO allotment process.

Benefits for Retail Investors in IPO Investment:

1. Dedicated Quota: 35% of the total shares are reserved for retail investors, increasing their chances of getting an allotment. However, this is valid for companies that have shown profits for the previous 3 consecutive years. If not, then the quota is set at 10%.
2. Cut-off Price Option: Retail investors can apply at the cut-off price which allows them to bid without specifying a price.
3. Discounts: Some IPOs may offer discounted prices for retail investors, making it more attractive to invest in an IPO.

The IPO price band refers to the range of prices within which investors can place bids for shares during an IPO. It consists of a floor price (minimum bid price) and a cap price (maximum bid price). Investors can choose to bid at any price within this range. Importance of the Price Band:

1. It provides flexibility to investors in deciding how much they are willing to pay.
2. The final issue price is determined based on the demand and bids placed within the price band.
3. It helps balance demand and supply, ensuring a fair and efficient allocation process.

The IPO price band is calculated based on several factors, such as the company's valuation, growth potential, market conditions, and input from underwriters. This helps companies ensure they raise adequate capital while attracting a wide range of investors

DRHPs are available online on SEBI's website: https://www.sebi.gov.in/index.html