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