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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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Shree Tirupati Balajee Agro IPO subscribed 18.16 times
The initial public offer (IPO) of Shree Tirupati Balajee Agro Trading Company received 25,98,48,180 bids for shares as against 1,43,08,000 shares on offer, according to stock exchange data at 17:00 IST on Friday (6 September 2024). The issue was subscribed 18.16 times.
The issue opened for bidding on Thursday (5 September 2024) and it will close on Monday (9 September 2024). The price band of the IPO was fixed between Rs 78 to 83 per share. An investor can bid for a minimum of 180 equity shares and in multiples thereof.
The IPO comprises fresh issue of equity shares worth up to Rs 122.42 crore and an offer for sale of 56,90,000 equity shares aggregating up to Rs 47.22 crore by existing shareholders.
The company proposes to utilize the net proceeds from the fresh issue towards repayment and/or prepayment, in part or full, of certain of its outstanding borrowings availed by the company. Investment in its subsidiaries HPPL, STBFL and JPPL for repayment and/or prepayment, in part or full, of certain of outstanding borrowings availed.
Further, the firm will also utilize the proceeds for funding the incremental working capital requirements of the company; investment in its subsidiaries HPPL, STBFL and JPPL for funding working capital requirements and general corporate purposes.
Ahead of the IPO, Shree Tirupati Balajee Agro Trading Company on Wednesday, 4 September 2024, raised Rs 50.89 crore from anchor investors. The board allotted 61.32 lakh shares at Rs 83 each to 6 anchor investors.
Shree Tirupati Balajee Agro Trading Company is engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, tapes in the Indian domestic market and overseas.
The company offer customised products and cater to the bulk packaging solutions of our clients from diverse industries like chemicals, agrochemicals, food mining, waste disposal industry, agriculture industry, lubricants and edible oil by supplying them our FIBC products for transportation purposes and their packaging requirement. It provides a labor-saving alternative for packaging and transportation, making loading and unloading of vessels, containers, or trucks more efficient.
The company has the largest retail footprint in Eastern India compared to other listed value retailers in Fiscal 2024. As of 31 March 2024, it operated 162 stores across more than 1.47 million square feet in 146 cities. The majority of its stores are operated under the brand name 'Style Bazaar'.
The firm reported a consolidated net profit of Rs 36.07 crore and revenue from operations of Rs 539.66 crore for the twelve months ended on 31 March 2024.
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Shree Tirupati Balajee Agro IPO subscribed 6.36 times
The initial public offer (IPO) of Shree Tirupati Balajee Agro Trading Company received 9,09,66,420 bids for shares as against 1,43,08,000 shares on offer, according to stock exchange data at 17:00 IST on Thursday (5 September 2024). The issue was subscribed 6.36 times.
The issue opened for bidding on Thursday (5 September 2024) and it will close on Monday (9 September 2024). The price band of the IPO was fixed between Rs 78 to 83 per share. An investor can bid for a minimum of 180 equity shares and in multiples thereof.
The IPO comprises fresh issue of equity shares worth up to Rs 122.42 crore and an offer for sale of 56,90,000 equity shares aggregating up to Rs 47.22 crore by existing shareholders.
The company proposes to utilize the net proceeds from the fresh issue towards repayment and/or prepayment, in part or full, of certain of its outstanding borrowings availed by the company. Investment in its subsidiaries HPPL, STBFL and JPPL for repayment and/or prepayment, in part or full, of certain of outstanding borrowings availed.
Further, the firm will also utilize the proceeds for funding the incremental working capital requirements of the company; investment in its subsidiaries HPPL, STBFL and JPPL for funding working capital requirements and general corporate purposes.
Ahead of the IPO, Shree Tirupati Balajee Agro Trading Company on Wednesday, 4 September 2024, raised Rs 50.89 crore from anchor investors. The board allotted 61.32 lakh shares at Rs 83 each to 6 anchor investors.
Shree Tirupati Balajee Agro Trading Company is engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, tapes in the Indian domestic market and overseas.
The company offer customised products and cater to the bulk packaging solutions of our clients from diverse industries like chemicals, agrochemicals, food mining, waste disposal industry, agriculture industry, lubricants and edible oil by supplying them our FIBC products for transportation purposes and their packaging requirement. It provides a labor-saving alternative for packaging and transportation, making loading and unloading of vessels, containers, or trucks more efficient.
The company has the largest retail footprint in Eastern India compared to other listed value retailers in Fiscal 2024. As of 31 March 2024, it operated 162 stores across more than 1.47 million square feet in 146 cities. The majority of its stores are operated under the brand name 'Style Bazaar'.
The firm reported a consolidated net profit of Rs 36.07 crore and revenue from operations of Rs 539.66 crore for the twelve months ended on 31 March 2024.
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Gala Precision Engineering IPO ends with more than 201x subscription
The initial public offer (IPO) of Gala Precision Engineering received 44,79,06,004 bids for shares as against 22,23,830 shares on offer. The issue was subscribed 201.41 times.
The issue opened for bidding on Monday (2 September 2024) and it closed on Wednesday (4 September 2024). The price band of the IPO was fixed between Rs 503 to Rs 529 per share.
The IPO consisted of fresh issue of 25,58,416 equity shares and an offer for sale (OFS) of 6,16,000 equity shares of Rs 10 face value.
Of the net proceeds from fresh issue, about Rs 37 crore will be used for setting up a new facility at Vallam-Vadagal in Tamilnadu; Rs 11.069 crore will be used for funding capital expenditure forpurchase of equipment and machinery at the existing plant at Wada in Maharashtra; Rs 45.43 crore towards repayment and prepayment in full or part of certain borrowing, and the balance is for general corporate purposes.
Total borrowing stood at Rs 55.028 crore end of March 2024.
Ahead of the IPO, Gala Precision Engineering on Friday, 30 August 2024, raised Rs 50.28 crore from anchor investors. The board allotted 9.50 lakh shares at Rs 529 each to 8 anchor investors
Gala Precision Engineering is a precision component manufacturer of technical springs such as DSS (disc springs and strip springs) including WLW (wedge lock washers) and CSS (coil springs and spiral springs). It customizes high tensile fasteners such as studs, anchor bolts, cross bolts, hex bolts, and nuts (special fastening solution or SFS).
The firm reported a net profit of Rs 22.33 crore and sales of Rs 202.55 crore for the twelve months ended on 31 March 2024.
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Gala Precision Engineering IPO subscribed 201.41 times
The initial public offer (IPO) of Gala Precision Engineering received 44,79,03,960 bids for shares as against 22,23,830 shares on offer, according to stock exchange data at 17:48 IST on Wednesday (4 September 2024). The issue was subscribed 201.41 times.
The issue opened for bidding on Monday (2 September 2024) and it will close on Wednesday (4 September 2024). The price band of the IPO is fixed between Rs 503 to Rs 529 per share. An investor can bid for a minimum of 28 equity shares and in multiples thereof.
The IPO consists of fresh issue of 25,58,416 equity shares and an offer for sale (OFS) of 6,16,000 equity shares of Rs 10 face value.
Of the net proceeds from fresh issue, about Rs 37 crore will be used for setting up a new facility at Vallam-Vadagal in Tamilnadu; Rs 11.069 crore will be used for funding capital expenditure forpurchase of equipment and machinery at the existing plant at Wada in Maharashtra; Rs 45.43 crore towards repayment and prepayment in full or part of certain borrowing, and the balance is for general corporate purposes.
Total borrowing stood at Rs 55.028 crore end of March 2024.
Ahead of the IPO, Gala Precision Engineering on Friday, 30 August 2024, raised Rs 50.28 crore from anchor investors. The board allotted 9.50 lakh shares at Rs 529 each to 8 anchor investors
Gala Precision Engineering is a precision component manufacturer of technical springs such as DSS (disc springs and strip springs) including WLW (wedge lock washers) and CSS (coil springs and spiral springs). It customizes high tensile fasteners such as studs, anchor bolts, cross bolts, hex bolts, and nuts (special fastening solution or SFS).
The firm reported a net profit of Rs 22.33 crore and sales of Rs 202.55 crore for the twelve months ended on 31 March 2024.
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Baazar Style Retail IPO ends with over 40x subscription
The initial public offer (IPO) of Baazar Style Retail received 61,11,42,486 bids for shares as against 1,50,30,116 shares on offer. The issue was subscribed 40.66 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 81.83 times. The Non Institutional Investors (NIIs) category was subscribed 59.43 times. The Retail Individual Investors (RIIs) category was subscribed 9.12 times.
The issue opened for bidding on 30 August 2024 and it will close on 3 September 2024. The price band of the IPO was fixed between Rs 370 to 389 per share.
The IPO comprised fresh issue of equity shares worth up to Rs 148 crore and an offer for sale of 1,76,52,320 equity shares aggregating up to Rs 686.68 crore by existing shareholders.
Of the net proceeds from the fresh issue, Rs 146 crore will be used for the prepayment or repayment of certain outstanding borrowings, with the remaining amount allocated for general corporate purposes.
The promoter and promoter group holds an aggregate of 55.03% of the pre-offer issued and paid-up equity share capital. The post IPO shareholding for the same is expected to be around 45.56%.
Ahead of the IPO, Bazaar Style Retail on Thursday, 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.
Bazaar Style Retail is a fashion retailer operating in West Bengal and Odisha, holding 3.03% and 2.22% market share respectively. Its offerings can be bifurcated under the apparels and general merchandise verticals. In FY24, Apparel segment contributed 83.89% to revenue and general merchandise segment 16.11%.
The company has the largest retail footprint in Eastern India compared to other listed value retailers in Fiscal 2024. As of 31 March 2024, it operated 162 stores across more than 1.47 million square feet in 146 cities. The majority of its stores are operated under the brand name 'Style Bazaar'.
The firm reported a consolidated net profit of Rs 21.94 crore and sales of Rs 972.88 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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