IPO Advisory, Buyback, Delisting & Valuation
End-to-end capital market transaction support under SEBI ICDR, Buyback, Delisting Regulations — from structuring through post-transaction compliance.
IPO — Main Board (BSE/NSE)
Complete IPO advisory under SEBI (ICDR) Regulations 2018 — DRHP preparation, merchant banker coordination, SEBI observations, RHP filing, allotment process, BSE/NSE listing formalities and Day-1 LODR compliance setup.
SME IPO (BSE SME / NSE Emerge)
IPO advisory for SME platform — SEBI SME ICDR compliance, DRHP, market maker appointment, BSE SME/NSE Emerge exchange requirements and post-IPO compliance for SME listed companies.
Voluntary Delisting
Complete delisting advisory under SEBI (Delisting of Equity Shares) Regulations 2021 — promoter holding threshold, reverse book-building process, discovered price, shareholder tendering and post-delisting NCLT merger options.
Buyback of Securities
Buyback advisory under SEBI (Buyback of Securities) Regulations 2018 — tender offer and open market routes, public announcement, escrow mechanism, record date, post-buyback compliance and ROC/exchange filings.
Preferential Issue
Allotment to specific persons under SEBI ICDR Regulations — applicable pricing formula (Chapter V), lock-in periods, special resolution, ROC PAS-3 and exchange intimations for listed companies.
Rights Issue
Rights issue advisory for listed companies — SEBI process, abridged letter of offer, record date, ASBA/R-ASBA mechanism, allotment, listing of additional shares and basis of allotment.
Valuation Reports (SEBI-Compliant)
Registered Valuer reports for preferential issue pricing, M&A transactions, FDI/ODI, ESOP grant-date fair value, amalgamation, demerger and cross-border transactions under FEMA/SEBI.
QIP — Qualified Institutional Placement
QIP advisory for listed companies — SEBI ICDR Chapter VI compliance, floor price, minimum allocation, QIB placement, SEBI filing, exchange intimations and lock-in obligations.
Post-Transaction LODR Compliance
Immediate post-IPO/buyback/rights issue compliance setup — Regulation 13 (grievances), 17 to 46 compliance calendar, quarterly SEBI filings and exchange onboarding for newly listed entities.
Key SEBI Regulations for Capital Markets
Our team has current, deep expertise in every SEBI capital market regulation — built through direct transaction advisory.
Capital Markets & IPO Questions
What is the minimum time required for a Main Board IPO?+
A Main Board IPO under SEBI ICDR Regulations typically takes 12 to 18 months from engagement to listing. Key milestones: engagement and due diligence (2–3 months), DRHP filing with SEBI (1 month), SEBI observations (30 days mandatory), RHP filing and marketing (4–8 weeks), subscription and allotment (10 days), and listing. Timeline varies based on company readiness, SEBI observations and market conditions.
What are the eligibility requirements for a Main Board IPO?+
Under SEBI (ICDR) Regulations 2018, an issuer is eligible for a Main Board IPO if it has: (a) net tangible assets of at least ₹3 crore in each of the preceding 3 full years; (b) distributable profits in at least 3 of the immediately preceding 5 years; (c) net worth of at least ₹1 crore in each of the preceding 3 years; OR alternatively qualifies under the QIB route or is a bank/NBFC meeting specified RBI thresholds. There are also alternative conditions under the profitability track record requirement.
What triggers an open offer under SEBI (SAST) Regulations?+
A public announcement for an open offer is triggered under SEBI (SAST) Regulations 2011 when: (a) an acquirer acquires 25% or more of the total shares or voting rights in a listed company; (b) an acquirer holding between 25% and 75% acquires more than 5% of total shares in any financial year (creeping acquisition); or (c) an acquirer acquires control over the target company irrespective of percentage acquired. The open offer price is determined per Regulation 8 including highest price paid, volume-weighted average price for 52 weeks and 26 weeks.
How is the floor price for preferential issue calculated?+
Under Regulation 163 of SEBI (ICDR) Regulations 2018, the floor price for a preferential issue to QIBs and non-QIBs is the higher of: (a) average of weekly high and low of closing prices of equity shares during 26 weeks preceding the relevant date; or (b) average of weekly high and low for 2 weeks preceding the relevant date. The "relevant date" is 30 days before the date of the EGM at which the preferential issue is approved.