DRAFT IPO PROSPECTUS: ZERODHA

Abstract

This major research project is made out with the learnings and understanding that I made through the MBA. As, I have done my major in finance, so most of this project is covering the finance part. In this project, I tried my best to cover all the topics on which a company should work while bring its IPO. Launching an IPO is a remarkable step in the journey of a company. When a company going through an IPO, it becomes more recognizable and get better deal from the potential clients through the press release and financial media coverage. As the companies have the obligation to publicly disclose information, listed entities are more transparent than private ones. One of the unconventional facts about Zerodha that intrigues people is that it managed to join the "Unicorn" club while being bootstrapped and receiving no outside money from investors. Based on its $1 billion self-assessed worth, Zerodha joined the club of unicorns. Zerodha has the highest market share in the broking industry. It has left behind the well-established playersin this industry. So, with the help of this project, I tried to understand the business model of Zerodha and its competitors. I also learned about key risks associated with this business. After that, I will be taking data from the prowessIQ software and will do relative valuation with the peer. In this , we will also try to reach out the possible price at which they should do book building exercise. Once the company gets listed, the shareholding pattern of current investors gets decreased down , so the new shareholding pattern needs to be get calculated.