What are the principle steps involved in a Public issue? Explain.

A public issue refers to the process through which a company offers its shares to the public for the first time (initial public offering or IPO) or subsequent offerings (follow-on public offering or FPO). The process involves several steps, ensuring transparency, compliance with regulatory frameworks, and offering investment opportunities to the public. The principle steps in a public issue are:

1. Decision to Go Public: The first step in a public issue is the company’s decision to raise capital from the public. The company needs to assess whether going public is the right strategy for its growth, as it will involve meeting regulatory requirements, disclosing financial information, and managing investor expectations. The decision to ______ ___ ______ _________ ___ _______ __________ ________ _____ ________.
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