Before, during and after listing day
End-to-end, or the stage you need. One team stays accountable across all three — so nothing falls between two vendors.
Pre-IPO readiness
Know where you stand before a single mandate is signed. Most of what delays a listing is visible months earlier — if someone looks.
- Readiness audit against NSE Emerge and BSE SME norms, with the gaps written down
- Gap closure plan: restated financials, related-party items, statutory clean-up
- Corporate and capital structuring, including promoter holding and dilution
- Equity story and valuation framing for the issue you actually want
- Exchange selection — NSE Emerge or BSE SME — with the reasoning set out
- A consolidated cost estimate before you commit to anything
IPO execution
From DRHP to allotment, every intermediary on one plan — with a named owner for each milestone and one weekly status that covers all of them.
- Intermediary selection: merchant banker, legal counsel, auditor, RTA, market maker, underwriter
- Due diligence managed on your side of the table, not dropped on your CFO
- DRHP drafting support and exchange approvals, with queries anticipated in the draft
- Roadshows, anchor and HNI investor outreach, pricing discussions
- Issue management through subscription, allotment and listing day
- One weekly status; escalation when a milestone slips, not after
Post-listing support
Listing day is only the start. The obligations run for years, and this is where most advisors have already moved on.
- Market-making oversight for the mandatory period, with liquidity reviewed monthly
- Investor relations and results communication, including the half-yearly cycle
- Ongoing exchange and SEBI compliance calendar, filings tracked and reminded
- Board and committee support as governance requirements step up
- Mainboard migration planning when the numbers justify it
- A quarterly review with the promoter, not just with the compliance officer
The listing roadmap
Ten steps from readiness check to listing day, grouped into five phases — one advisor accountable for all of them.
Prepare
Steps 1–3Build readiness and the right structure
Readiness assessment & exchange choice
- Intermediaries
- Shikhar Capital
- Deliverable
- Eligibility report, NSE Emerge vs BSE SME recommendation, go / no-go
Appoint intermediaries
- Intermediaries
- Merchant banker (lead manager), legal counsel, peer-reviewed auditor, RTA
- Deliverable
- Signed mandates, kick-off plan
Corporate restructuring & housekeeping
- Intermediaries
- Company secretary, legal counsel
- Deliverable
- Conversion to public limited, board and committee constitution, AoA / MoA updates
Document
Steps 4–5Create the IPO documents and equity story
Due diligence & restated financials
- Intermediaries
- Peer-reviewed auditor, merchant banker, legal counsel
- Deliverable
- 3-year restated financials, due-diligence report, material-contract review
DRHP drafting & equity story
- Intermediaries
- Merchant banker, legal counsel, Shikhar Capital
- Deliverable
- Draft Red Herring Prospectus, valuation rationale
Approve
Steps 6–7Secure regulatory approvals and set up the issue
Exchange filing & in-principle approval
- Intermediaries
- NSE Emerge / BSE SME, merchant banker
- Deliverable
- Query responses, site visit and promoter interview, in-principle approval
RHP filing & issue setup
- Intermediaries
- ROC, merchant banker, market maker, underwriter, bankers to the issue
- Deliverable
- RHP filed, price band / issue price, market-making agreement
Launch
Steps 8–9Take the issue to investors and complete allotment
Roadshows & investor outreach
- Intermediaries
- Merchant banker, anchor investors, distributors, PR
- Deliverable
- Anchor book, HNI / retail demand, listing-day communication plan
Issue open, close & allotment
- Intermediaries
- RTA, bankers to the issue, exchange, depositories (NSDL / CDSL)
- Deliverable
- 3-day issue window, basis of allotment, credit of shares
List
Step 10Achieve listing and ongoing compliance
Listing day & post-listing supportListing day
- Intermediaries
- Exchange, market maker, Shikhar Capital
- Deliverable
- Listing ceremony, market making (3 years), IR and compliance calendar
Not sure which stage you are at?
Take the 60-second check, or talk it through with an advisor. Free assessment, no obligation.