In India, an Initial Public Offering (IPO) refers to the process through which a company offers its shares to the public for the first time, enabling it to raise capital from investors. Here's how the IPO process typically works in India: 1. **Preparation**: Before launching an IPO, the company works with investment banks, also known as lead managers or underwriters, to prepare the necessary documentation and financial disclosures required by regulatory authorities such as the Securities and Exchange Board of India (SEBI). 2. **Filing of Prospectus**: The company files a draft prospectus with SEBI, which contains detailed information about its business operations, financial performance, management team, risks, and the proposed use of proceeds from the IPO. SEBI reviews the prospectus to ensure compliance with regulatory requirements. 3. **Roadshow and Investor Education**: After receiving approval from SEBI, the company and its lead managers conduct a roadshow to market the IPO to...