Issue of shares

Neha- Can you clear ur query ?

what do u mean by intimation of IPO ?

Once a person applied for IPO and didnt withdraw the application before the fixation of allotment- co can allot shares.

please say somethng mmore one how and what is the benefit of IPO

public is informed of the issue by way of advertisement   in the newspapers as u must have seen.

The issue opens  for a specific time and closes at a specified date.

during that time public subscribes for the issue.

after the closure of the issue shares for which application has not been made cant be allotted at a later stage.