Understand the offer. Follow the money.

Learn the mechanics that remain useful after an IPO closes: who receives the proceeds, what new shares change, and where to find the answer in an offer document.

Start with the offer structure

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One focused guide, with cash-flow diagrams, worked calculations and a practical filing worksheet.

INIndia / IPO mechanics

Fresh issue vs offer for sale

Separate company funding from shareholder sales. Understand gross and net proceeds, dilution and the figures in a prospectus.

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A useful order for reading an offer

Identify the recipient
Separate newly issued shares from shares sold by existing holders.
Reconcile the numbers
Match share counts, offer price, gross amounts and the company’s net proceeds.
Read beyond the split
Examine intended uses, ownership changes, valuation and business risks in the same document.

For official investor education and offer-document guidance, use SEBI’s reading materials ↗. For account costs after shares are allotted, see demat maintenance and charges when selling holdings.