TAX on IPO income

Dear Friends-

Please Brief on applicability of Tax(Income Tax on Individuals) on IPO-

% rate

- Is it possible to adjust the short term capital "LOSS" of previous financial year with the short term capital "GAIN" of the succeeding year !!!!

- in both the sence that of " whether it is income from IPO  OR income from investment in SHARES/STOCK "

Thanks in advance-