Initial Public Offering (IPO)
Presented by, Harshit Shah
Initial Public Offering (IPO)
Definition FPO
Why do companies go public?
New capital Future capital Mergers and acquisitions Future projects
Disadvantages of the IPO
Expensive No privacy Efforts Risk
When is good time to issue IPO?
Windows of opportunity Determinants of suitability:
The general stock market condition The industry market condition The frequency and size of all IPOs in the financial cycle
Outline of the IPO process:
1. 2. 3. 4. 5.
6.
Select an underwriter Register IPO with the SEBI Print prospectus Present roadshow Price the securities Sell the securities
Pricing of IPO
Book runner Two methods
Book building Fixed price method
Upcoming IPOs
V-Mart Retail Goodwill Hospital and Research Centre Tristar Retail R K Infratel Altret Biotech
The End
Any Questions???