IPO Fundamentals
Why companies go public
Listing shares on the stock exchange allows issuers to raise growth capital, repay debt, and provide liquidity to early investors. The IPO journey includes drafting a prospectus, setting a price band, and marketing the offer to institutional and retail audiences.
Key milestones before listing
- File DRHP/RHP with regulators for review.
- Conduct roadshows and book-building with anchor investors.
- Finalize issue price and basis of allotment after the subscription window.
- List on exchanges so shares begin trading for the public.
Checklist for investors
- Read use-of-proceeds and promoter shareholding.
- Compare valuation multiples with listed peers.
- Evaluate industry tailwinds and governance disclosures.
- Decide whether you seek listing gains or long-term exposure.
Need context on an upcoming IPO?
We can help you dissect red herring prospectuses and pricing logic.