CORPORATE FINANCE  ·  COMPANY LAW  ·  COMPLIANCE Bengaluru  ·  Mumbai  ·  Delhi
Flagship practice — Capital Markets & Transactions

IPO readiness,
done issuer-side.

Listing on BSE SME or NSE Emerge is a twelve to twenty-four month preparation, not a filing. We prepare the company — books, governance, cap table, diligence room — and coordinate your merchant banker. We work for you and your promoters, never for the issue.

Start here — 2 minutes

The IPO Readiness Scorecard.

Twelve questions. Answer honestly — this is a mirror, not a test. Your score tells you whether you're close, what the gaps are, and how long the runway probably is.

Indicative only — a starting point for conversation, not a legal opinion on eligibility. Exchange rules change; final eligibility is tested against the rules in force when you file.

The roadmap

Twelve to twenty-four months.
Seven stages. One accountable team.

STAGE 01

Eligibility & scorecard

We test you against the exchange criteria — paid-up capital, profitability track record, net worth, leverage, demat holding — and map every gap red, amber, green.

STAGE 02

Restatement — IPO-ready books

Historic financials restated to an audit-and-diligence standard. Related-party cleanups, revenue recognition discipline, provisions that hold up. This is where most timelines are won or lost.

STAGE 03

Governance setup

Board composition, committees, policies, KMP appointments — the governance skeleton a listed company needs, built before anyone asks for it.

STAGE 04

Cap table & structuring

Capital structure, promoter holding, ESOP pool sizing, pre-IPO placement strategy. Structured once, structured right.

STAGE 05

Diligence preparation

A data room that answers questions before they're asked — legal, financial, secretarial, tax. Bankers and investors notice the difference immediately.

STAGE 06

DRHP & banker coordination

We introduce the right SEBI-registered merchant banker for your size and sector, then own the calendar: DRHP drafting inputs, exchange queries, timelines.

STAGE 07

Listing — and after

Issue execution support, then the part nobody talks about: your first year of listed-company compliance, handled.

Our position, stated plainly

We don't replace your merchant banker. We prepare you for one.

A merchant banker runs the issue. That's their job, and they're good at it. Our job is everything before that conversation — and everything the banker assumes is already done.

Because we're independent of the issue, our advice has no conflict: if you're not ready, we'll tell you that, with a dated plan to get ready. A banker paid on listing can't always say that.

Talk to us first

Questions promoters ask us

Straight answers.

How long does IPO readiness actually take?

Twelve to twenty-four months from a standing start, depending on how much restatement and governance work your books need. Companies that start "a few months before filing" are the ones whose timelines slip by a year.

What does the readiness diagnostic cost?

The scorecard above is free. The full diagnostic — a fixed-scope engagement that ends with a red/amber/green remediation plan — is quoted after one conversation, once we know your size and complexity. We never quote an itemised number before we've seen the books.

Do you do the valuation for the IPO?

We do independent valuation work for transactions, ESOPs and regulatory needs. The issue price itself is the merchant banker's domain — we coordinate with them and keep your side of the table honest.

SME platform or mainboard?

If your post-issue paid-up capital is ₹25 crore or less, the SME route (BSE SME / NSE Emerge) is your platform. Above that, it's the mainboard — a different game with different thresholds.

We're profitable but our books are messy. Is that a problem?

It's the most common starting point we see — and exactly what Stage 02 exists for. Profitability gets you eligible; clean, restated books get you listed.

IPO readiness

Know where you stand before the banker does.

Take the scorecard, then let's talk about the gaps — with a dated plan, not a sales pitch.

Request a consultation