The Initial Public Offer (IPO) market has emerged as a potent market in the last couple of years. In fact, in the financial year 2016-17, Indian companies raised nearly $2 billion through the IPO route. In the current financial year, Indian companies have already raised $5 billion through the IPO route and are likely to add another $2 billion in the remaining months, making it one of the best IPO years in recent history. An IPO has a fairly long-drawn process that eventually leads to the final IPO offering on the market. Here is a detailed look at the process that goes on behind the actual IPO.