IPO

IPO is a process through which an unlisted issuer transforms into a publicly listed company by listing on the Stock Exchange by offering its securities to the public. An Initial Public Offer (IPO) is hence the offering of securities to the public in the primary market.

Type of offerings:

There are two categories under IPO:

  • Fresh offering of shares
  • Offer for sale of the shares by the existing shareholders

The objectives of an IPO would depend upon each issuing company and may be as follows:

  • Expansion of the Issuer's Existing line of business activities
  • Setting up of new projects
  • Offer for sale – Dilution of shareholding by existing shareholders
  • Any other object as may be specified by the issuer as per the offer document

Applicants/ Issuers are required to appoint Merchant Bankers and other intermediaries to assist in the Listing Process. Further, the issuers are required to comply with SEBI (ICDR) Regulation, 2009 and criteria’s laid down by the Exchange for listing through IPO.

Please click here for Prospectus of various issues.

1

Pre Issue Stage - Filling of Draft Read Herring Prospectus

2

In Principle Approval

  • Assessment of Eligibility Criteria
  • Verification of documents
  • Due Diligence
  • In Principle Approval
3

Issue Opening

  • Book Building Process and documentation
  • 1 % Security Deposit of the issue size if MSE is designated Stock Exchange
4

Post Issue Requirement

  • The applicant Company shall be in compliance with SEBI (Issue of Capital & Disclosure Requirements) Regulations 2009 and amendments thereof.
  • The paid up equity share capital of the issuer company shall not be less than Rs. 10 Crores.
  • The issuer shall inter-alia agree to comply with the following:
    • Companies Act 1956
    • Securities Exchange Board of India Act 1992
    • Securities Contracts (Regulations) Act 1956
    • Securities Contracts (Regulations) Rules 1957
    • Any other guidelines, circulars, Regulations issued by any regulatory authority from time to time.

Disclaimer: Over and Above the criterion as mentioned, the Exchange may use its discretion for Listing of Securities of the Issuer(s). Further, the Exchange strictly reserves its rights for grant of approvals.

Listing Application & Listing Agreement

Type

Listing

Listing Agreement
IPO Application