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Explain the following term/concept. Initial Public Offer - Secretarial Practice

Short Note

Explain the following term/concept.

Initial Public Offer

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Solution

(a) An Initial Public Offer (IPO) is a process of offering shares to the general public for the first time. A public company makes an appeal to the general public to purchase its shares by issuing the prospectus

(b) The prospectus contains detailed information about the company, its project, and shares. It also includes an application form free of cost.

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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 3 Issue of Shares
Exercise Q.2 | Q 15 | Page 65
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