NEWS

Stock markets regulator SEBI recently approved a ceiling on the Initial Public Offering (IPO) proceeds to be used to make unspecified acquisitions.

DETAILS

Initial Public Offering

• Is a process by which a privately held company becomes a publicly-traded company by offering its shares to the public for the first time.
• Is a money-making exercise.
• Raise money to expand, to improve business, to better the infrastructure, to repay loans, etc.
• A private company, that has a handful of shareholders, shares the ownership by going public by trading its shares.
• Company gets its name listed on the stock exchange.