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Ipo & Fpo: Vikas Gupta 1 Prateek Jhunjhunwala 2
Ipo & Fpo: Vikas Gupta 1 Prateek Jhunjhunwala 2
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IPO
What is IPO ?
A way of raising capital. Initial public offer by an company which is not listed on stock exchange. Company can be private or public.
Approval of BoD Appointment of lead managers Filing the prospectus with SEBI Filing the prospectus with registrar of the companies Printing and dispatching of prospectus Filing of initial listing application Promotion of the issue
Steps Contd
Statutory announcement Collections of application Establishing the liability of underwriters Allotment of shares Listing of issue
Advantages of IPO
Why go Public ?
Major IPOs
Coal India Ltd - Rs 150 billion ( largest in world, 2010 Reliance Power Ltd - Rs 117 billion, 2008 ONGC Rs 95 billion, 2004 DLF Rs 91.88 billion, 2006 Cairn India Rs 57.88 billion, 2006 TCS Rs 54.2 Billion, 2004 Reliance Petroleum- Rs 27 billion, 2006
FPO
What is FPO ?
It can be done by: Issuing fresh shares Promoters diluting their stake
Thank You !