Glossary
/Prospectus
What is a Prospectus?
Imagine a massive 300-page legal brochure that exposes every single detail about a company. Before a business can launch an IPO, SEBI forces it to publish this document. It contains the financial statements, the utilisation of proceeds, and a brutally honest section listing all the risks involved. Smart investors actually skim through this instead of blindly applying for an IPO just because their favourite influencer hyped it up. It is the ultimate truth-checker.
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