The domestic stock markets have seen the blockbuster financial year 2017-2018 in terms of IPO (Initial Public Offering) with some of the biggest public offers of India such as GIC's Rs 11,370 crore share sale, The New India Assurance Company's Rs 9,600 crore public issue and HDFC Life Insurance Company's Rs 8,700 crore public offer. It has been observed that some public offers are able to gather investor attention while some public issues fail to get even 100% subscription out of the total number of IPOs in a certain time period. In the last financial year only, there were IPOs such as Avenue Supermarts, CDSL,\u00a0Salasar Techno Engineering,\u00a0Capacit\u2019e Infraprojects,\u00a0MAS Financial Services and Dixon Technologies were subscribed more than 100 times. We bring to you one such mid-cap FMCG stock that has nearly tripled in just three years of IPO from the issue price to buy and gain up to 30%. According to Axis Securities, the company is focused on the huge opportunity and cognizant of this has launched affordable and innovative small packs to cater to this price sensitive market. Shares of Manpasand Beverages Ltd have surged more than 160% from the issue price in the last three years. The stock of Manpasand Beverages Ltd has returned 164% to Rs 422 from the issue price of Rs 160 (issue price is adjusted with a 1:1 bonus issue). Earlier in 2017, Manpsasnd Beverages issued bonus shares in a ratio of 1:1 of face value Rs 10 per equity share. Over the span of last one year, Manpasand Beverages Ltd shares have risen about 15%. In the initial\u00a0public offering, Manpasand Beverages successfully raised Rs 400 crore at the upper end of the price band of Rs 290 to Rs 320. The research and brokerage firm Axis Securities Ltd has given a buy rating with a target price of Rs 528 which implies an upside of 30% from the current market price of Rs 404.9.\u00a0Manpasand Beverages Ltd is focused on the huge opportunity and cognizant of this has launched affordable and innovative small packs to cater to this price sensitive market, Axis Securities said in a report. Manpasand Beverages Ltd commands a market capitalisation of Rs 4,647.75 crore on BSE on the basis of the\u00a0share price of Rs\u00a0406.05.\u00a0Manpasand Beverages Ltd shares are categorised in the group 'B' on BSE and are a component of S&P BSE 500 and Nifty FMCG indices. Disclaimer: Views and recommendations given in this section are the brokerage firms\u2019 own and do not represent those of www.financialexpress.com. Please consult your financial adviser before taking any position in the stock mentioned.