IPO stands for Initial Public Offering.

IPO stands for Initial Public Offering.

Look at any small local business. Most such companies are fully private.

They are owned by the founder or by a small group of friends and family.

You cannot buy shares of that company directly. If you really wanted to, you would have to convince its owners to sell you shares.

This is called an unlisted company.

Once a company has done an IPO, its shares are available on the share market.

Anybody can buy/sell shares of this company.

Such a company is called a listed company.

IPO is a process by which a company goes from being unlisted to listed.

TODAYS STOCKS :

Stocks in news

1. Map my India: will raise up to Rs 500 cr through a qualified institutional placement.
2. HDFC Bank: appointed former NABARD chairman Harsh Kumar Bhanwala as an additional independent director.
3. Maruti Suzuki: planning to increase the prices of its vehicles in Jan 2024.