Mainboard IPOs of 2024: subscription and listing gains
Every mainboard IPO whose bidding closed in 2024, with its size, issue price, how many times each investor category subscribed (NSE and BSE together) and how it did on its first day of trading on NSE. Click a column to sort.
86
Mainboard IPOs
₹1,40,723 Cr
Raised
+29.7%
Avg listing gain
median +17.3%
78%
Listed at a premium
+39.0%
Avg day-1 high
59.4x
Median subscription
| Company | Closed | Size | Issue price | QIB | NII | Retail | Total | Listing gain | Day high | Day close | Now | AI estimate |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unimech Aerospace and ManufacturingUNIMECH · listed 31 Dec 2024 | 26 Dec | ₹527 Cr | ₹785 | 318x | 264x | 56.7x | 175x | +86.0% | +89.2% | +75.3% | +98.5% | +82.5%bt |
| Ventive HospitalityVENTIVE · listed 30 Dec 2024 | 24 Dec | ₹1,687 Cr | ₹643 | 9.08x | 13.9x | 5.94x | 9.82x | +11.3% | +16.5% | +9.5% | -14.9% | +10.4%bt |
| Carraro IndiaCARRARO · listed 30 Dec 2024 | 24 Dec | ₹1,317 Cr | ₹704 | 2.21x | 0.60x | 0.71x | 1.12x | -7.5% | -3.1% | -9.6% | -31.3% | -0.5%bt |
| Senores PharmaceuticalsSENORES · listed 30 Dec 2024 | 24 Dec | ₹603 Cr | ₹391 | 94.7x | 96.3x | 90.5x | 93.7x | +53.5% | +55.9% | +42.5% | +207.6% | +67.1%bt |
| Mamata MachineryMAMATA · listed 27 Dec 2024 | 23 Dec | ₹179 Cr | ₹243 | 236x | 274x | 138x | 195x | +146.9% | +159.3% | +159.3% | +64.2% | +80.6%bt |
| Sanathan TextilesSANATHAN · listed 27 Dec 2024 | 23 Dec | ₹579 Cr | ₹321 | 75.6x | 42.2x | 8.93x | 35.1x | +31.6% | +31.8% | +21.0% | +55.7% | +14.8%bt |
| Concord Enviro SystemsCEWATER · listed 27 Dec 2024 | 23 Dec | ₹497 Cr | ₹701 | 17.3x | 14.2x | 5.56x | 10.7x | +17.8% | +22.7% | +18.0% | -65.7% | +5.0%bt |
| DAM Capital AdvisorsDAMCAPITAL · listed 27 Dec 2024 | 23 Dec | ₹840 Cr | ₹283 | 166x | 98.6x | 27.1x | 82.1x | +38.9% | +61.5% | +46.7% | -52.9% | +61.8%bt |
| Transrail LightingTRANSRAILL · listed 27 Dec 2024 | 23 Dec | ₹843 Cr | ₹432 | 201x | 76.4x | 22.1x | 80.8x | +36.6% | +40.0% | +28.1% | +5.0% | +53.7%bt |
| International Gemmological Institute (India)IGIL · listed 20 Dec 2024 | 17 Dec | — | ₹417 | — | — | — | — | +22.3% | +25.9% | +13.0% | -15.3% | — |
| Inventurus Knowledge SolutionsIKS · listed 19 Dec 2024 | 16 Dec | ₹2,498 Cr | ₹1,329 | 80.6x | 23.3x | 14.7x | 52.7x | +43.0% | +52.8% | +47.5% | +24.0% | +35.6%bt |
| Vishal Mega MartVMM · listed 18 Dec 2024 | 13 Dec | ₹8,432 Cr | ₹78.0 | 80.7x | 14.2x | 2.31x | 27.3x | +33.3% | +46.7% | +43.5% | +12.8% | +19.1%bt |
| One MobiKwik SystemsMOBIKWIK · listed 18 Dec 2024 | 13 Dec | ₹602 Cr | ₹279 | 120x | 109x | 135x | 119x | +57.7% | +89.2% | +89.2% | -18.8% | +80.6%bt |
| Sai Life SciencesSAILIFE · listed 18 Dec 2024 | 13 Dec | ₹3,011 Cr | ₹549 | 30.9x | 4.92x | 1.37x | 10.3x | +18.4% | +42.1% | +39.3% | +154.3% | +7.4%bt |
| Suraksha DiagnosticSURAKSHA · listed 06 Dec 2024 | 03 Dec | ₹846 Cr | ₹441 | 1.74x | 1.41x | 0.95x | 1.27x | -0.7% | +1.8% | -5.4% | -34.5% | -0.2%bt |
| Enviro Infra EngineersEIEL · listed 29 Nov 2024 | 26 Nov | ₹650 Cr | ₹148 | 157x | 154x | 24.5x | 89.9x | +48.6% | +57.9% | +39.9% | +15.6% | +63.9%bt |
| Zinka Logistics SolutionsBLACKBUCK · listed 22 Nov 2024 | 18 Nov | ₹1,110 Cr | ₹273 | 2.76x | 0.24x | 1.66x | 1.86x | +2.9% | +4.7% | -4.7% | +103.5% | -0.3%bt |
| Niva Bupa Health Insurance CompanyNIVABUPA · listed 14 Nov 2024 | 11 Nov | ₹2,326 Cr | ₹74.0 | 2.06x | 0.68x | 2.73x | 1.80x | +5.6% | +9.5% | 0.0% | -2.8% | +1.3%bt |
| ACME Solar HoldingsACMESOLAR · listed 13 Nov 2024 | 08 Nov | ₹3,049 Cr | ₹289 | 3.54x | 0.97x | 3.10x | 2.75x | -13.2% | -4.5% | -12.4% | +34.5% | +0.9%bt |
| SwiggySWIGGY · listed 13 Nov 2024 | 08 Nov | ₹11,329 Cr | ₹390 | 6.02x | 0.41x | 1.14x | 3.59x | +7.7% | +19.4% | +16.9% | -45.8% | +0.4%bt |
| Sagility IndiaSAGILITY · listed 12 Nov 2024 | 07 Nov | ₹2,107 Cr | ₹30.0 | 3.52x | 1.93x | 4.16x | 3.20x | +3.5% | +9.6% | -2.3% | +51.3% | +0.7%bt |
| Godavari BiorefineriesGODAVARIB · listed 30 Oct 2024 | 25 Oct | ₹563 Cr | ₹352 | 2.76x | 0.90x | 1.71x | 1.83x | -12.5% | +0.7% | -2.5% | -36.8% | -3.1%bt |
| Deepak Builders & Engineers IndiaDBEIL · listed 28 Oct 2024 | 23 Oct | ₹260 Cr | ₹203 | 13.9x | 82.5x | 39.8x | 41.5x | -1.5% | -1.5% | -20.2% | -97.1% | +25.4%bt |
| Waaree EnergiesWAAREEENER · listed 28 Oct 2024 | 23 Oct | ₹4,484 Cr | ₹1,503 | 209x | 62.5x | 10.8x | 76.3x | +66.3% | +74.6% | +55.6% | +57.7% | +50.4%bt |
| Hyundai Motor IndiaHYUNDAI · listed 22 Oct 2024 | 17 Oct | ₹27,870 Cr | ₹1,960 | 6.97x | 0.60x | 0.50x | 2.37x | -1.3% | +0.5% | -7.2% | -3.3% | +1.2%bt |
| Garuda Construction and EngineeringGARUDA · listed 15 Oct 2024 | 10 Oct | ₹275 Cr | ₹95.0 | 1.24x | 9.03x | 10.8x | 7.55x | +10.5% | +27.4% | +12.0% | +53.3% | +0.6%bt |
| Diffusion EngineersDIFFNKG · listed 04 Oct 2024 | 30 Sep | ₹158 Cr | ₹168 | 95.7x | 208x | 85.6x | 114x | +15.2% | +20.9% | +20.9% | +137.1% | +60.9%bt |
| KRN Heat Exchanger and RefrigerationKRN · listed 03 Oct 2024 | 27 Sep | ₹344 Cr | ₹220 | 253x | 432x | 98.3x | 214x | +118.2% | +133.4% | +117.6% | +387.3% | +62.7%bt |
| Manba FinanceMANBA · listed 30 Sep 2024 | 25 Sep | ₹151 Cr | ₹120 | 149x | 512x | 144x | 224x | +20.8% | +26.9% | +26.9% | +15.5% | +61.6%bt |
| Arkade DevelopersARKADE · listed 24 Sep 2024 | 19 Sep | ₹434 Cr | ₹128 | 163x | 163x | 51.4x | 107x | +36.7% | +48.4% | +29.6% | -15.3% | +56.6%bt |
| Western Carriers (India)WCIL · listed 24 Sep 2024 | 19 Sep | ₹511 Cr | ₹172 | 28.0x | 44.7x | 26.0x | 30.6x | -0.6% | +2.9% | -7.3% | -46.7% | +4.6%bt |
| P N Gadgil JewellersPNGJL · listed 17 Sep 2024 | 12 Sep | ₹1,158 Cr | ₹480 | 137x | 56.1x | 16.6x | 59.4x | +72.9% | +76.7% | +65.3% | +20.2% | +12.7%bt |
| KrossKROSS · listed 16 Sep 2024 | 11 Sep | ₹526 Cr | ₹240 | 23.3x | 22.2x | 10.8x | 16.8x | 0.0% | +12.9% | +8.2% | +22.7% | -3.9%bt |
| Tolins TyresTOLINS · listed 16 Sep 2024 | 11 Sep | ₹242 Cr | ₹226 | 25.4x | 27.4x | 21.5x | 23.9x | +0.9% | +5.9% | +5.9% | -62.7% | +0.7%bt |
| Bajaj Housing FinanceBAJAJHFL · listed 16 Sep 2024 | 11 Sep | ₹6,958 Cr | ₹70.0 | 209x | 41.5x | 7.04x | 63.6x | +114.3% | +135.7% | +135.7% | +15.7% | +20.5%bt |
| Shree Tirupati Balajee Agro Trading CompanyBALAJEE · listed 12 Sep 2024 | 09 Sep | — | ₹83.0 | — | — | — | — | +8.4% | +13.9% | +13.9% | -75.0% | — |
| Gala Precision EngineeringGALAPREC · listed 09 Sep 2024 | 04 Sep | ₹168 Cr | ₹529 | 233x | 415x | 91.9x | 201x | +36.3% | +43.1% | +43.1% | +100.7% | +69.1%bt |
| Baazar Style RetailSTYLEBAAZA · listed 06 Sep 2024 | 03 Sep | — | ₹389 | — | — | — | — | 0.0% | +10.8% | +2.8% | -4.9% | — |
| Ecos (India) Mobility & HospitalityECOSMOBLTY · listed 04 Sep 2024 | 30 Aug | ₹601 Cr | ₹334 | 137x | 71.2x | 19.8x | 64.3x | +16.8% | +36.5% | +32.7% | -69.3% | +27.1%bt |
| Premier EnergiesPREMIERENE · listed 03 Sep 2024 | 29 Aug | ₹2,838 Cr | ₹450 | 217x | 50.0x | 7.69x | 74.4x | +120.0% | +121.0% | +86.6% | +92.0% | +35.9%bt |
| Orient TechnologiesORIENTTECH · listed 28 Aug 2024 | 23 Aug | ₹218 Cr | ₹206 | 190x | 301x | 66.9x | 152x | +39.8% | +46.8% | +46.8% | +0.4% | +64.6%bt |
| Interarch Building ProductsINTERARCH · listed 26 Aug 2024 | 21 Aug | ₹595 Cr | ₹900 | 205x | 128x | 19.1x | 93.5x | +44.3% | +46.1% | +32.9% | +67.6% | +60.6%bt |
| Saraswati Saree DepotSSDL · listed 20 Aug 2024 | 14 Aug | ₹280 Cr | ₹160 | 64.1x | 359x | 61.9x | 108x | +21.2% | +27.3% | +27.3% | -62.6% | +63.8%bt |
| Brainbees SolutionsFIRSTCRY · listed 13 Aug 2024 | 08 Aug | ₹4,194 Cr | ₹465 | 19.3x | 4.68x | 2.31x | 12.2x | +40.0% | +52.2% | +46.0% | -64.1% | +7.6%bt |
| Unicommerce eSolutionsUNIECOM · listed 13 Aug 2024 | 08 Aug | ₹277 Cr | ₹108 | 139x | 252x | 131x | 168x | +117.6% | +137.0% | +94.5% | -26.3% | +85.9%bt |
| Ola Electric MobilityOLAELEC · listed 09 Aug 2024 | 06 Aug | ₹6,411 Cr | ₹76.0 | 5.31x | 2.40x | 3.92x | 4.27x | 0.0% | +20.0% | +20.0% | -58.0% | +7.2%bt |
| Ceigall IndiaCEIGALL · listed 08 Aug 2024 | 05 Aug | ₹1,267 Cr | ₹401 | 31.5x | 14.4x | 3.77x | 13.8x | +4.5% | +5.9% | -3.5% | -6.0% | +8.3%bt |
| Akums Drugs and PharmaceuticalsAKUMS · listed 06 Aug 2024 | 01 Aug | ₹1,858 Cr | ₹679 | 90.1x | 42.2x | 21.3x | 63.6x | +6.8% | +17.4% | +17.3% | +0.2% | +45.2%bt |
| SanstarSANSTAR · listed 26 Jul 2024 | 23 Jul | ₹510 Cr | ₹95.0 | 146x | 136x | 24.2x | 83.0x | +14.7% | +35.6% | +21.1% | +0.6% | +52.5%bt |
| Emcure PharmaceuticalsEMCURE · listed 10 Jul 2024 | 05 Jul | ₹1,950 Cr | ₹1,008 | 196x | 48.3x | 7.21x | 67.9x | +31.4% | +37.4% | +34.8% | +76.8% | +54.8%bt |
| Bansal Wire IndustriesBANSALWIRE · listed 10 Jul 2024 | 05 Jul | ₹785 Cr | ₹256 | 146x | 51.5x | 13.6x | 59.6x | +39.1% | +45.3% | +36.9% | -77.6% | +31.7%bt |
| Vraj Iron and SteelVRAJ · listed 03 Jul 2024 | 28 Jun | ₹182 Cr | ₹207 | 164x | 209x | 54.9x | 119x | +15.9% | +21.7% | +21.7% | -41.6% | +71.1%bt |
| Allied Blenders and DistillersABDL · listed 02 Jul 2024 | 27 Jun | ₹1,579 Cr | ₹281 | 50.4x | 32.4x | 4.51x | 23.5x | +13.9% | +15.6% | +13.1% | +148.7% | +13.4%bt |
| Stanley LifestylesSTANLEY · listed 28 Jun 2024 | 25 Jun | ₹534 Cr | ₹369 | 222x | 120x | 19.2x | 97.0x | +34.1% | +38.0% | +28.7% | -64.9% | +61.3%bt |
| DEE Development EngineersDEEDEV · listed 26 Jun 2024 | 21 Jun | ₹431 Cr | ₹203 | 202x | 144x | 23.4x | 99.6x | +67.0% | +80.2% | +65.2% | +163.8% | +65.4%bt |
| Le Travenues TechnologyIXIGO · listed 18 Jun 2024 | 12 Jun | ₹740 Cr | ₹93.0 | 107x | 111x | 54.8x | 98.3x | +48.5% | +78.2% | +78.2% | +60.2% | +72.8%bt |
| Kronox Lab SciencesLimitedKRONOX · listed 10 Jun 2024 | 05 Jun | ₹130 Cr | ₹136 | 89.0x | 303x | 55.7x | 118x | +21.3% | +21.8% | +17.1% | +45.0% | +73.7%bt |
| Awfis Space SolutionsAWFIS · listed 30 May 2024 | 27 May | ₹599 Cr | ₹383 | 117x | 130x | 54.6x | 109x | +13.6% | +17.9% | +10.1% | -39.5% | +69.7%bt |
| Go Digit General InsuranceGODIGIT · listed 23 May 2024 | 17 May | ₹2,615 Cr | ₹272 | 12.6x | 7.24x | 4.27x | 9.60x | +5.2% | +15.4% | +12.5% | -0.1% | +4.2%bt |
| TBO TekTBOTEK · listed 15 May 2024 | 10 May | ₹1,551 Cr | ₹920 | 126x | 50.6x | 25.7x | 86.7x | +55.0% | +58.3% | +52.9% | +68.0% | +68.0%bt |
| Aadhar Housing FinanceAADHARHFC · listed 15 May 2024 | 10 May | ₹3,151 Cr | ₹315 | 72.8x | 16.5x | 2.46x | 25.5x | 0.0% | +9.1% | +4.6% | +45.8% | +17.3%bt |
| IndegeneINDGN · listed 13 May 2024 | 08 May | ₹1,840 Cr | ₹452 | 198x | 55.1x | 7.95x | 69.9x | +44.9% | +46.0% | +26.3% | +30.1% | +45.8%bt |
| JNK IndiaJNKINDIA · listed 30 Apr 2024 | 25 Apr | ₹651 Cr | ₹415 | 75.7x | 23.3x | 4.11x | 28.1x | +49.6% | +71.6% | +67.4% | -7.1% | +11.8%bt |
| Bharti HexacomBHARTIHEXA · listed 12 Apr 2024 | 05 Apr | ₹4,275 Cr | ₹570 | 48.6x | 10.5x | 2.83x | 29.9x | +32.5% | +54.4% | +42.7% | +186.1% | +7.2%bt |
| SRM ContractorsSRM · listed 03 Apr 2024 | 28 Mar | ₹130 Cr | ₹210 | 59.6x | 215x | 47.0x | 86.6x | +2.5% | +7.6% | +7.6% | +74.0% | +36.4%bt |
| Krystal Integrated ServicesKRYSTAL · listed 21 Mar 2024 | 18 Mar | ₹304 Cr | ₹715 | 7.33x | 43.9x | 3.32x | 13.2x | +9.8% | +11.0% | -0.3% | -15.4% | +7.5%bt |
| Popular Vehicles and ServicesPVSL · listed 19 Mar 2024 | 14 Mar | ₹601 Cr | ₹295 | 1.97x | 0.66x | 1.05x | 1.23x | -2.0% | -2.0% | -6.4% | -68.7% | -5.1%bt |
| Gopal SnacksGOPAL · listed 14 Mar 2024 | 11 Mar | ₹685 Cr | ₹401 | 17.5x | 9.50x | 4.01x | 9.02x | -12.5% | -4.0% | -9.6% | -39.4% | -1.6%bt |
| J G ChemicalsJGCHEM · listed 13 Mar 2024 | 07 Mar | ₹256 Cr | ₹221 | 32.1x | 46.3x | 17.4x | 27.8x | -5.4% | -3.3% | -16.4% | +166.1% | +3.9%bt |
| R K SwamyRKSWAMY · listed 12 Mar 2024 | 06 Mar | ₹424 Cr | ₹288 | 20.6x | 34.4x | 34.0x | 25.9x | -13.2% | -1.1% | -8.8% | -71.7% | +12.3%bt |
| Mukka ProteinsMUKKA · listed 07 Mar 2024 | 04 Mar | ₹224 Cr | ₹28.0 | 189x | 250x | 58.5x | 137x | +42.9% | +50.9% | +50.9% | -9.8% | +55.8%bt |
| Platinum IndustriesPLATIND · listed 05 Mar 2024 | 29 Feb | ₹235 Cr | ₹171 | 151x | 142x | 51.0x | 99.0x | +31.6% | +38.2% | +29.4% | +42.4% | +54.9%bt |
| Exicom TelesystemsEXICOM · listed 05 Mar 2024 | 29 Feb | ₹480 Cr | ₹142 | 122x | 153x | 120x | 130x | +86.6% | +93.3% | +58.4% | -5.7% | +56.3%bt |
| GPT HealthcareGPTHEALTH · listed 29 Feb 2024 | 26 Feb | ₹525 Cr | ₹186 | 17.3x | 11.0x | 2.44x | 8.52x | +15.6% | +18.2% | +7.9% | -28.2% | -0.7%bt |
| Juniper HotelsJUNIPER · listed 28 Feb 2024 | 23 Feb | ₹1,895 Cr | ₹360 | 2.96x | 0.85x | 1.28x | 2.08x | +1.4% | +11.5% | +11.5% | -44.7% | 0.0%bt |
| Vibhor Steel TubesVSTL · listed 20 Feb 2024 | 15 Feb | ₹77.3 Cr | ₹151 | 179x | 721x | 188x | 299x | +181.5% | +195.5% | +195.5% | -37.4% | +65.0%bt |
| Entero Healthcare SolutionsENTERO · listed 16 Feb 2024 | 13 Feb | ₹1,618 Cr | ₹1,258 | 2.28x | 0.22x | 1.33x | 1.53x | -2.3% | 0.0% | -8.6% | +19.1% | -2.2%bt |
| Capital Small Finance BankCAPITALSFB · listed 14 Feb 2024 | 09 Feb | ₹544 Cr | ₹468 | 6.64x | 4.05x | 2.49x | 4.00x | -8.1% | -1.1% | -7.0% | -44.0% | -2.2%bt |
| Jana Small Finance BankJSFB · listed 14 Feb 2024 | 09 Feb | ₹590 Cr | ₹414 | 38.7x | 25.1x | 5.46x | 18.5x | -4.3% | -1.2% | -11.1% | -2.6% | +4.5%bt |
| Rashi PeripheralsRPTECH · listed 14 Feb 2024 | 09 Feb | ₹633 Cr | ₹311 | 144x | 62.8x | 10.4x | 59.7x | +9.2% | +10.2% | +3.4% | +164.1% | +26.3%bt |
| Apeejay Surrendra Park HotelsPARKHOTELS · listed 12 Feb 2024 | 07 Feb | ₹971 Cr | ₹155 | 75.1x | 52.4x | 30.4x | 59.7x | +20.0% | +44.0% | +31.3% | -35.1% | +33.0%bt |
| BLS E- ServicesBLSE · listed 06 Feb 2024 | 01 Feb | ₹311 Cr | ₹135 | 123x | 300x | 237x | 162x | +125.9% | +171.1% | +171.1% | +4.3% | +72.0%bt |
| Nova AgritechNOVAAGRI · listed 31 Jan 2024 | 25 Jan | ₹148 Cr | ₹41.0 | 79.3x | 224x | 77.1x | 109x | +34.1% | +40.9% | +40.9% | -48.8% | +70.7%bt |
| EPACK DurableEPACK · listed 30 Jan 2024 | 24 Jan | ₹652 Cr | ₹230 | 25.5x | 28.1x | 6.29x | 16.4x | -3.9% | -2.4% | -9.7% | -31.4% | +6.8%bt |
| Medi Assist Healthcare ServicesMEDIASSIST · listed 23 Jan 2024 | 17 Jan | ₹1,172 Cr | ₹418 | 40.1x | 14.9x | 3.19x | 16.2x | +10.1% | +23.9% | +11.0% | -31.0% | +5.8%bt |
| Jyoti CNC AutomationJYOTICNC · listed 16 Jan 2024 | 11 Jan | ₹1,051 Cr | ₹331 | 44.1x | 36.5x | 26.2x | 38.5x | +11.8% | +34.1% | +31.2% | +179.2% | +19.1%bt |
Subscription and issue size: for these issues, the figures NSE publishes (NSE and BSE bids together; for issues sized in rupees NSE counts the shares on offer at the lower end of the price band, so these can be up to about 7% below final figures quoted elsewhere) and an issue size estimated from the shares on offer (including the anchor book) at the issue price. "Now" is the latest NSE close against the issue price, not adjusted for later splits or bonuses. bt marks a back-tested AI estimate: scored by a model that had only seen earlier years' IPOs.
AI estimates for 2024 against the outcome
83
IPOs scored
84%
Right side of issue price
92%
On clear calls
estimate ±5% or more
14.2 pts
Median miss
53%
Inside likely range
2024 listings by QIB demand
| QIB subscription | IPOs | Avg listing gain | Median | At a premium | Median day high |
|---|---|---|---|---|---|
| 1x to 10x | 17 | +0.3% | 0.0% | 47% | +4.7% |
| 10x to 50x | 18 | +6.4% | +2.7% | 56% | +9.4% |
| 50x to 150x | 27 | +37.9% | +31.6% | 96% | +40.9% |
| Above 150x | 21 | +65.8% | +44.3% | 100% | +50.9% |
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
