Steps a company follows to offer shares publicly and get listed on a stock exchange.
The IPO process is the method by which a private company becomes publicly traded by offering its shares to the public for the first time. It starts with the appointment of merchant bankers and legal advisors, followed by the preparation and submission of the Draft Red Herring Prospectus (DRHP) to SEBI.
Once approved, the company decides the price band and opens the IPO for public subscription. After the subscription period ends, shares are allotted to investors based on demand. Finally, the shares get listed on stock exchanges like NSE or BSE.
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