by gourav ranjan mishra

1. PROCESS
for
ISSUING
INITIAL PUBLIC OFFER (IPO)
presented by – Gourav Ranjan

2.  Company must satisfy the SEBI
guidelines
 Holding of General Meeting – Sec.81(1A) /
Sec.31 etc.
 Intimation to the Stock Exchange
 Appointment of managers to the issue –
as per SEBI Regulation

3.  Appointment of various other agencies –
 Registrar to the issue
Collecting Bankers to the Issue
Advisors to the Issue
Underwriters to the issue
Brokers to the Issue
Printers
Advertising Agent etc.

4.  Drafting of prospectus
 Approval of prospectus – Lead Manager/
Financial Institutions/ Stock Exchange
 Vetting of prospectus by SEBI
 Approval of Board of Director of
prospectus and other documents

5.  Registration of prospectus with
Registrar of company as per Sec.60
 Making application to Stock
Exchange(s) for permission for
enlisting shares as per Sec.73(1)
 Printing and distribution of prospectus
and application forms

6.  Certificate relating to promoters
contribution as per SEBI guidelines
 Announcement and advertisement – 10
days before subscription list opens
 Subscription list – To be kept open for
minimum 3 working days and for a
total period not exceeding 10 working
days

7.  Co-ordination with the bankers to the
issue -
For obtaining details of subscription
To enable scrutiny of application of
allotment
 Minimum subscription – 90% of the
issue of share capital

8.  Allotment of shares as per Sec.69
Basis to be finalized in consultation with
Regional Stock Exchange
RBI approval for allotment to NRIs

9.  Filling of other Forms with Registrar of
Company
Return of allotment in form No. 2
Form No.3 – showing particulars of
contracts relating to shares has to be field,
where a Company allots shares for
consideration other than cash without
entering into any written agreement

10. Form No. 4 - The statement of the amount
or rate/percentage of commission payable
on shares together with a copy of the
contract for payment of commission, if
any, should be filled with the Registrar
before such commission is paid .
Fees as prescribed under Schedule 10

11.  Over-Subscription to be retained – only
to the extent of 10%
 Refund orders – Compliance with
Sec.73
 Issue of Share Certificate

12. THE END