Step 1: Start with planning the IPO/FPO.
- D: Planning IPO/FPO and appointment of lead book runners
Step 2: Submit RHP and appoint syndicate members.
- C: Filing of RHP and forming syndicate
Step 3: Price determination and bidding.
- B: Determine price, ask for bids, revise if necessary
Step 4: Issue of prospectus, final allotment.
- A: Issue prospectus, allot shares
Step 5: Conclude correct sequence.
- D → C → B → A