Description
Initial Public Offerings (IPO). It also explains the steps involved in issuing of an IPO.
Initial Public Offerings (IPO) Issuing Procedure
Principal steps for the issue of an IPO
?
Proposal to raise capital from public
?
Shareholders pass a resolution under Sec
81(1A) of Companies Act Appointment of Lead Manager Preparation of Draft Offer Document Proposal filed with SEBI and other exchanges
? ? ? ?
Draft Offer Document posted on SEBI’s site for
comments SEBI issues observations (within 21 days)
?
? ? ? ?
Company files final offer with RoC Issue opens up for public offer Bids are made Issue closes, book is analyzed, final price is
determined
? ? ? ?
Basis of allotment is finalized
Mailing of refund orders is done
Company applies for listing/trading Upon approval trading begins
Role of the Lead Manager
•
Act as an intermediary between company and
investor
• • •
Responsible for complying with the formalities
Monitor the issue during subscription period Post issue activities
doc_101625769.ppt
Initial Public Offerings (IPO). It also explains the steps involved in issuing of an IPO.
Initial Public Offerings (IPO) Issuing Procedure
Principal steps for the issue of an IPO
?
Proposal to raise capital from public
?
Shareholders pass a resolution under Sec
81(1A) of Companies Act Appointment of Lead Manager Preparation of Draft Offer Document Proposal filed with SEBI and other exchanges
? ? ? ?
Draft Offer Document posted on SEBI’s site for
comments SEBI issues observations (within 21 days)
?
? ? ? ?
Company files final offer with RoC Issue opens up for public offer Bids are made Issue closes, book is analyzed, final price is
determined
? ? ? ?
Basis of allotment is finalized
Mailing of refund orders is done
Company applies for listing/trading Upon approval trading begins
Role of the Lead Manager
•
Act as an intermediary between company and
investor
• • •
Responsible for complying with the formalities
Monitor the issue during subscription period Post issue activities
doc_101625769.ppt