- Appoint a merchant banker
- Apply to SEBI with a registration statement
- Get approval of the IPO from SEBI
- Prepare the Draft Red Herring Prospectus (DRHP)
- Market the IPO
- Publish TV and print advertisements to build awareness about the IPO
- Also called the IPO roadshow
- Fix the price band
- Book building
- After the book building window is closed, the price point at which the issue gets listed is decided
- Listing day of an IPO