What is an IPO? Why do companies raise money via IPO?

IPO

An IPO (Initial Public Offering) is the process of raising funds by which a private company offers its shares to the public to invest for the first time and gets listed on a stock exchange and in return they receive funds from investors which is used to fulfil various purpose as proposed by company.

Fujiyama power IPO: GMP today, Price, Review, Detail

Fuziyama Power

Fujiyama Power Systems Limited is planning to raise ₹ 828 Cr. Price range for the IPO is ₹ 216-228. The IPO is a book-built issue with a fresh issue size of ₹ 600 Cr and an offer for sale of ₹ 228 Cr shares by promoters.

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