An IPO is a mechanism whereby a company offers its shares to the public for the first time via the primary market. It provides funds for business expansion, repayment of existing debt and adds to the credibility of a company by making its operations more transparent.
The Indian IPO market is currently booming. The India Stock Exchanges have ranked 1st in the world in terms of the number of IPOs during 2023. The markets are at an all time high in almost all sectors hitting new peaks everyday, giving companies an opportunity to hit the ‘jackpot’ with their issues.