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Process7 min read

How an IPO Works, Step by Step

From the offer opening to listing day: the full sequence.

Before the issue

The company files its draft offer document with SEBI and announces the price band and dates.

Bidding period

The issue usually stays open for a few working days. Investors bid via ASBA or UPI through their bank or broker.

Allotment and listing

After closing, the registrar finalises the basis of allotment. Shares are credited and the stock lists on the exchange.

Investments in securities markets are subject to market risks. Read all related documents carefully before investing. RKFS does not guarantee IPO allotment or investment returns.

Next step

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