In IPO listing, the securities of the company are listed in recognised stock exchanges for trading. After listing, investors can trade the company's shares. For a successful listing, the company has to go through a process.
- An issuer appoints a Lead Manager.
- Work with LM for due diligence certificate.
- Apply to SEBI with the registration statement.
- Get approval/disapproval from SEBI to initiate IPO.
- If SEBI approves, it prepares listing documents including DRHP with the help of LM.
- Appoints registrars, banks, institutions and other intermediaries.
- Do marketing of IPO through advertisements.
- Decide the price per share either through fixed price or book building mode.
- The application window opens generally for few days for subscription and closes on the predetermined date.
- After the window closes for subscription, the registrar of the public issue allots shares to the investors.
On the listing date, the shares are available at stock exchanges for trading.
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