Key takeaways from this chapter
- Companies go public to raise funds, provide an exit for early investors, reward employees and gain visibility.
- Merchant banker acts as a critical partner with the company during the IPO process.
- SEBI regulates the IPO market and has the final word on whether a company can go public or not
- As an investor in the IPO, you should read through the DRHP to know everything about the company.
- Most of the IPOs in India follow a book-building process.