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What are steps for a company to launch an IPO?
Company decides to go public, appoints merchant bankers and prepares documents to raise money through an IPO.
A Draft Prospectus (DRHP) is filed with SEBI detailing business, risks, and financials.
SEBI reviews and approves company to launch the IPO
The company releases the prospectus (RHP) with key details and announces price band, lot size and IPO opening & closing dates.
Investors place the bid for subscription during the IPO window
After subscription closes, shares are allotted to successful bidders and credited to Demat accounts.
Company shares get listed on the stock exchange (BSE and/or NSE and trading begins
