Initial public offerings (IPOs) and further public offerings (FPOs) allow companies to raise capital from public investors on stock exchanges. An IPO occurs when a private company issues shares to the public for the first time. An FPO is issued by an already public company to raise additional capital. Companies use the funds from IPOs/FPOs for expansion, working capital, debt repayment, and other corporate purposes. Rights issues allow existing shareholders to purchase additional shares at a discount price in proportion to their existing holdings. Merchant bankers play an important role in advising on and underwriting public offerings.
Capital Market is divided into two division; Primary Market and Secondary Market. Primary Market and its components are briefly described in this presentation.
OTCEI meaning, OTCEI definition, OTCEI features, OTCEI objective, parties in OTCEI, OTCEI promoters, benefits of listed company in OTCEI, benefits of investors in OTCEI,
Capital Market is divided into two division; Primary Market and Secondary Market. Primary Market and its components are briefly described in this presentation.
OTCEI meaning, OTCEI definition, OTCEI features, OTCEI objective, parties in OTCEI, OTCEI promoters, benefits of listed company in OTCEI, benefits of investors in OTCEI,
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Listing agreement and Listing RequirementsGurpreet Singh
Presentation on Listing agreement and Listing Requirements of NSE and BSE. a comparative analysis of requirements. NSE and BSE both share these guidelines for investors.
venture capital, process of venture capital, stages of venture capital, stages and process of venture capital, early stage finance, later stage financing,
Listing agreement and Listing RequirementsGurpreet Singh
Presentation on Listing agreement and Listing Requirements of NSE and BSE. a comparative analysis of requirements. NSE and BSE both share these guidelines for investors.
Here there is an overview of primary market in detail. Methods of raising funds, and SEBI guidelines to new issues in Primary market is the key concepts in this presentation
This document provide the information about primary Market:
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What is primary market?
Methods of Floating new issue.
Functions of NIM(New Issue Market).
Disadvantages of Primary Market.
Advantages of Primary Market.
Parties involved in the new issue.
The chapter comprises of Primary Market - Its Role and Functions; Issue of Capital - Methods of Issuing Securities in Primary Market, Intermediaries in New Issue Market - Merchant Bankers, Underwriters, Brokers, Registrars and Managers Bankers; Pricing of Issue - Book Building, Green Shoe Option, Procedure for New Issues and SEBI Guidelines for Issue in Primary Market.
The primary market is where securities are created. It's in this market that firms sell (float) new stocks and bonds to the public for the first time. An initial public offering, or IPO, is an example of a primary market.
These trades provide an opportunity for investors to buy securities from the bank that did the initial underwriting for a particular stock.
An IPO occurs when a private company issues stock to the public for the first time.
Companies and government entities sell new issues of common and preferred stock, corporate bonds and government bonds, notes, and bills on the primary market to fund business improvements or expand operations. Although an investment bank may set the securities' initial price and receive a fee for facilitating sales, most of the funding goes to the issuer. Investors typically pay less for securities on the primary market than on the secondary market.
A rights offering (issue) permits companies to raise additional equity through the primary market after already having securities enter the secondary market. Current investors are offered prorated rights based on the shares they currently own, and others can invest anew in newly minted shares.
Companies can raise capital at relatively low cost, and the securities so issued in the primary market provide high liquidity as the same can be sold in the secondary market almost immediately.
The primary market is an important source for mobilisation of savings in an economy. Funds are mobilised from commoners for investing in other channels. It leads to monetary resources being put into investment options.
Chances of price manipulation in the primary market are considerably less when compared to the secondary market. Such manipulation usually occurs by deflating or inflating a security price, thereby deliberately interfering with fair and free operations of the market.
The primary market acts as a potential avenue for diversification to cut down on risk. It enables an investor to allocate his/her investment across different categories involving multiple financial instruments and industries.
It is not subject to any market fluctuations. The prices of stocks are determined before an initial public offering, and investors know the actual amount they will have to invest.
IPO or initial public offering in India is a process by which a privately held company becomes a publicly traded company by offering its shares to the public.
More knowledge about IPO By india IPO the best IPO consultantsindia IPO
Delhi SME IPO Assistance Your business growth process will be made simpler by Your Simple Business Solution.The purpose of this brief guidance is to facilitate the process of going public for small and medium-sized firms (SMEs) in Delhi. It offers clear support, ensuring a smooth transition by helping businesses with essential processes and useful strategies for a successful initial public offering (IPO). Delhi SME IPO Support expedites the procedure and gives businesses the confidence they require to take advantage of the benefits that come with going public. Think of it as your dependable ally that will assist your Delhi company in effectively breaking into the wider market. Use SME IPO services' help and convenience of use to build your business in Delhi's dynamic business landscape.
IPO - Initial Public Offer
The first public offering of equity shares of a company, which is followed by a listing of its shares on the stock market, is called the Initial Public Offer
Through this process a privately held company is transformed into a public company
An IPO is often considered an important milestone in a company’s lifecycle marking its transition from a small closely held company to a listed company
This video further explains about eligibilty criteria for a company to go public, steps involved in ipo and the role of merchant banker
Thank you for watching
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
1. IPO , FPO AND RIGHTS ISSUE
Presented By :
Lekshmi Nair
Linda James
2. Introduction
• Companies (Private and Public) need capital
either to increase their productivity or to increase
their market reach or to diversify or to purchase
latest modern equipments.
• Companies go in for IPO for funding and non
funding needs and if they have already gone for
IPO then they go for FPO.
3. • IPO: Initial Public Offering
• FPO: Further Public Offering
• The main thing a company does in either IPO or
FPO is to sell the shares or debentures to
investors.(the term investor here represents retail
investors, financial institutions, government, high
net worth individuals, banks etc).
4. Why IPOs and FPOs?
For Funding Needs
•Funding Capital Requirements for Organisational Growth
•Expansion through Projects
•Diversification
•Funding Global Requirements
•Funding Joint Venture and Collaborations needs
•Funding Infrastructure Requirements, Marketing Initiatives and
Distribution Channels
•Financing Working Capital Requirements
5. •Funding General Corporate Purposes
•Investing in businesses through other companies
•Repaying debt to strengthen the Balance Sheet
•Meeting Issue Expenses
For Non-funding Needs
•Enhancing Corporate Stature
•Retention and incentive for Employees through stock
options
•Provide liquidity to the shareholders
6. Issues
• Primarily, issues made by an Indian company can
be classified as Public, Rights, Bonus and Private
Placement. While right issues by a listed company
and public issues involve a detailed
procedure, bonus issues and private placements
are relatively simpler.
7.
8. • Public issue: When an issue / offer of securities is
made to new investors for becoming part of
shareholders’ family of the issuer it Is called a
public issue. Public issue can be further classified
into Initial public offer (IPO) and Further public
offer (FPO).
9. • Initial public offer (IPO): When an unlisted
company makes either a fresh issue of securities
or offers its existing securities for sale or both for
the first time to the public, it is called an IPO.
This paves way for listing and trading of the
issuer’s securities in the Stock Exchanges.
10. • IPO is a type of public offering where shares of
stock in a company are sold to the general public,
on a securities exchange, for the first time.
• Initial public offerings are used by companies to
raise expansion capital.
• Details of the proposed offering are disclosed to
potential purchasers in the form of a lengthy
document known as a prospectus
11. • Most companies undertake an IPO with the
assistance of an investment banking firm
acting in the capacity of an underwriter.
• Underwriters provide several services,
including help with correctly assessing the
value of shares (share price), and establishing
a public market for shares (initial sale)
12. • Further public offer (FPO) or Follow on offer:
When an already listed company makes either a
fresh issue of securities to the public or an offer
for sale to the public, it is called a FPO.
• A company uses FPO after it has gone through the
process of an IPO and decides to make more of its
shares available to the public or to raise capital to
expand or pay off debt.
13. Merchant banking
• Merchant banking primarily involves financial
advice and services for large corporations and
wealthy individuals.
• Merchant banker deals with management of
public Issues i.e. IPOs, FPOs, Right Issues, etc.
as Book Running Lead Manager.
14. Role of merchant banker
• The most familiar role of the merchant bank is stock underwriting.
• A large company that wishes to raise money from investors
through the stock market can hire a merchant bank to implement
and underwrite the process.
• The merchant bank determines the number of stocks to be
issued, the price at which the stock will be issued, and the timing
of the release of this new stock.
• The merchant bank files all the paperwork required with the
various market authorities, and is also frequently responsible for
marketing the new stock, though this may be a joint effort with the
company and managed by the merchant bank.
• For really large stock offerings, several merchant banks may work
together, with one being the lead underwriter.
15. • IPO Grading: IPO grading is the grade assigned
by a Credit Rating Agency registered with SEBI, to
the initial public offering (IPO) of equity shares or
other convertible securities. The grade represents a
relative assessment of the fundamentals of the IPO
in relation to the other listed equity securities.
Disclosure of “IPO Grades”, so obtained is
mandatory for companies coming out with an IPO.
16. Pricing in IPO and FPO
• During the IPO or FPO, the company offers its
shares to the public either at fixed price or offers a
price range, so that the investors can decide on the
right price. The method of offering shares by
providing a price range is called as book building
method.
17. • FIXED PRICE ISSUE: - When the issuer at the
outset decides the issue price and mentions it in
the offer document, it is commonly known as
fixed price issue.
• BOOK BUILT ISSUE:-When the price of an issue
is discovered on the basis of demand received
from the prospective investors at various price
levels, it is called as book built issue.
18.
19. Advantages of IPO
• The financial benefit in the form of raising
capital
• Increased public awareness of the company
because IPOs often generate publicity by
making their products known to a new group
of potential customers.
• An increase in market share for the company.
22. • A company always needs funds for its operations
and for the fulfillment of its functions ,this need
securities are issued .
• And whenever company needs further capital
then it has to further issue those securities to its
existing shareholders .
• Just then it can issue them to general public. This
right to existing shareholders is called right issue.
23. Guidelines by SEBI
• Once a company has announced the right
issue then it cannot withdraw its proposal . It
has to issue the securities as per the
announcement.
• Underwriting of right issue is
optional.Underwriting can be done on the
discretion of the company.
24. • Before right issue company has to take prior
approval of the registrar of the companies(ROC’s)
• Right issue must be kept open for atleast 30
days .
• The amount of securities offered should not
exceed the amount specified in the prospectus or
letter of offer.
25. • Reservation is not allowed on rights shares.
• If a company does not receive minimum
subscription of 90% of the issue then entire
subscription will be refered within 42 days .
• If a company recieves over subscription of right
issue then the excess amount will be refunded to
the respective applicants .
26. • If a company delay the refund of over
subscription for more than 8 days after the
period of 42 days then it will be liable to pay
interest @15 % p.a.
Partly paid up shares must be made fully paid
up.
27. • The ex-rights price should fall by the value of the right
attached to each share. The theoretical value of a right
(R) is given by:
• The theoretical value of a share ex-rights
• (X) is given by:
• Theoretically, a rights issue has no value to
shareholders.
• However, the announcement can have an impact on
shareholders’ wealth — information content, rights
issues are usually bad news, with information about
expected future cash flows.
1
N M S
R
N
1
NM S
X
N