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    IPO Procedure

    Uploaded by

    Abhishek Sharma
    The document outlines the procedure for an initial public offering (IPO) in India. It involves applying to the Securities and Exchange Board of India (SEBI) for an in-principle approval letter. Companies must also apply separately to stock exchanges where they want to list shares. A merchant banker helps draft the prospectus. The prospectus is filed with SEBI and stock exchanges, then made available to the public. After incorporating any suggested changes, the prospectus is printed and filed with the Registrar of Companies to open the issue. Shares are allotted if listing and trading permission is received from all applied stock exchanges.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    IPO Procedure

    Uploaded by

    Abhishek Sharma
    232 views2 pages
    The document outlines the procedure for an initial public offering (IPO) in India. It involves applying to the Securities and Exchange Board of India (SEBI) for an in-principle approval letter. Companies must also apply separately to stock exchanges where they want to list shares. A merchant banker helps draft the prospectus. The prospectus is filed with SEBI and stock exchanges, then made available to the public. After incorporating any suggested changes, the prospectus is printed and filed with the Registrar of Companies to open the issue. Shares are allotted if listing and trading permission is received from all applied stock exchanges.

    Original Description:

    Diagrammatic representation of IPO process in India

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    The document outlines the procedure for an initial public offering (IPO) in India. It involves applying to the Securities and Exchange Board of India (SEBI) for an in-principle approval letter. Companies must also apply separately to stock exchanges where they want to list shares. A merchant banker helps draft the prospectus. The prospectus is filed with SEBI and stock exchanges, then made available to the public. After incorporating any suggested changes, the prospectus is printed and filed with the Registrar of Companies to open the issue. Shares are allotted if listing and trading permission is received from all applied stock exchanges.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    232 views2 pages

    IPO Procedure

    Uploaded by

    Abhishek Sharma
    The document outlines the procedure for an initial public offering (IPO) in India. It involves applying to the Securities and Exchange Board of India (SEBI) for an in-principle approval letter. Companies must also apply separately to stock exchanges where they want to list shares. A merchant banker helps draft the prospectus. The prospectus is filed with SEBI and stock exchanges, then made available to the public. After incorporating any suggested changes, the prospectus is printed and filed with the Registrar of Companies to open the issue. Shares are allotted if listing and trading permission is received from all applied stock exchanges.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    PROCEDURE OF IPO

    Central Listing Authority


    A department of SEBI

    Application to SEBI (CLA) for LPTL


    Letter Precedent To Listing
    Issued separately for each
    Stock
    Exchange
    where
    securities are desired to be
    listed.

    Maximum 30
    days.

    SEBI may give LPTL for every stock


    exchange where shares are intended to
    be listed.

    Separate application to each of the


    stock exchanges for in-principle
    approval
    Maximum 30
    days.

    Appointment of

    Stock Exchanges may give in-principle


    approval.

    MERCHANT BANKER

    Drafting of Prospectus by Merchant


    Banker
    in
    consultation
    with
    Compliance
    Officer
    i.e.
    the
    Company Secretary of the Company.

    Send Draft Prospectus to SEBI.


    Maximum 30
    days.

    Opening of Escrow Account.

    Simultaneously file a copy of Draft Prospectus with:

    All Stock Exchanges where


    shares are desired to be listed.

    SEBI may suggest modifications.


    No Communication from SEBI is
    deemed as APPROVAL.

    Members of Public on demand

    Company SHALL carry


    modifications suggested.

    out

    all

    Public may suggest any


    Modification.

    Maximum 21
    days.

    Company
    May
    or
    May
    Not
    incorporate any suggestion. If either of
    them is not incorporated, the
    Company Shall file reasons for not
    incorporating.

    Printing and Signing of Prospectus

    File Prospectus with RoC.


    Maximum 90
    days.
    Minimum 4
    days.

    Opening of Issue.
    Minimum 3
    days.
    Maximum 10
    days.

    Closing of Issue.

    Maximum 10
    WEEKS.

    Maximum 30
    days.

    Issue
    of
    Allotment

    Letter

    of

    OR

    Issue ABRIDGED PROSPECTUS


    to public.

    No communication from Stock


    Exchange is deemed as REFUSAL.

    Obtain LISTING PERMISSION


    from all the Stock Exchange from
    which in-principle approval had
    been obtained. If even one Stock
    Exchange refuses permission, the
    entire issue fails and the money has
    to be refunded to investors.

    Issue of Letter of Regret


    and Refund Order.

    Obtain TRADING PERMISSION


    from concerned stock exchanges.

    As soon as
    possible.

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