An underwriting firm is appointed to determine the legal and financial details of an initial public offering (IPO). A draft prospectus is then prepared and sent to SEBI for approval. After SEBI approval, the final prospectus is issued, detailing the issue's price, restrictions and benefits for those purchasing securities, and is legally binding for the company.
An underwriting firm is appointed to determine the legal and financial details of an initial public offering (IPO). A draft prospectus is then prepared and sent to SEBI for approval. After SEBI approval, the final prospectus is issued, detailing the issue's price, restrictions and benefits for those purchasing securities, and is legally binding for the company.
An underwriting firm is appointed to determine the legal and financial details of an initial public offering (IPO). A draft prospectus is then prepared and sent to SEBI for approval. After SEBI approval, the final prospectus is issued, detailing the issue's price, restrictions and benefits for those purchasing securities, and is legally binding for the company.
An underwriting firm is appointed to determine the legal and financial details of an initial public offering (IPO). A draft prospectus is then prepared and sent to SEBI for approval. After SEBI approval, the final prospectus is issued, detailing the issue's price, restrictions and benefits for those purchasing securities, and is legally binding for the company.
Underwriting firm is appointed to determine the legal and financial
details of the public offering.
Draft prospectus is prepared and sent for SEBI’s approval. Known
as a preliminary prospectus, or red herring. Contd… After SEBI’s approval the final prospectus, which details the issue's price, restrictions and benefits, is issued to those who purchase the securities.
This final prospectus is legally binding for the company.